This paper investigates the uncertainty-dependent and sign-dependent effects of the oil market fundamental shocks, namely supply, aggregate demand and oil-specific demand shocks. We do so by first proposing a novel oil uncertainty index that is measured by the stochastic volatility of the unpredictable component of oil prices. We then employ a nonlinear model and find that the all reactions of oil production, real price of oil, and global economic activity to the structural shocks are regime-dependent.

This study assesses key barriers to offshore wind power (OWP) development in Vietnam and policy options for the development of the sector. A survey of 39 experts from government agencies, research institutions, industry, and civil society plus 22 follow-up interviews were conducted over January–September 2021, coupled with a broader analysis of key barriers and policy options.

Key findings:

While electricity is a key to economic development, nearly 600 million people in sub-Saharan Africa live without electricity.

This study analyses the socioeconomic benefits of electrification in Uganda.

The findings show that grid connectivity increases the number of work hours, female employment, household expenditure (meaning that the household is able to buy more of the goods that it needs), and key educational outcomes. 

Furthermore, the benefits from grid connectivity increase with time.