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Rabindra Nepal
University of Wollongong

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Journal article
Published: 30 July 2021 in Energy Economics
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Uneven electrification can be a source of welfare disparity. Given the recent progress of electrification in India, we analyze the differences in access and reliability of electric- ity, and its impact on household welfare for marginalized and dominant social groups by caste and religion. We carry out longitudinal analysis from a national survey, 2005–2012, using OLS, fixed effects and panel instrumental variable regressions. Our analysis shows that marginalized groups (Hindu SC/ST and Muslims) had higher likelihood of electricity access compared to the dominant groups (Hindu forward castes and OBC). In terms of electricity reliability, in a period when the all households lost electricity hours, marginalized groups lost less electricity hours in a day as compared to domi- nant groups. Results showed that electrification enabled marginalized households to increase their consumption, assets and move out of poverty, but the effect was smaller as compared to dominant groups. Overall, the effects were more pronounced in rural areas. The findings are robust to alternative ways of measuring consumption, and other robustness checks. We posit that electrification increased household welfare of marginalized groups, but did not reduce absolute disparities among social groups.

ACS Style

Ashish Kumar Sedai; Tooraj Jamasb; Rabindra Nepal; Ray Miller. Electrification and welfare for the marginalized: Evidence from India. Energy Economics 2021, 102, 105473 .

AMA Style

Ashish Kumar Sedai, Tooraj Jamasb, Rabindra Nepal, Ray Miller. Electrification and welfare for the marginalized: Evidence from India. Energy Economics. 2021; 102 ():105473.

Chicago/Turabian Style

Ashish Kumar Sedai; Tooraj Jamasb; Rabindra Nepal; Ray Miller. 2021. "Electrification and welfare for the marginalized: Evidence from India." Energy Economics 102, no. : 105473.

Journal article
Published: 14 May 2021 in Energy Economics
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We examine the effect of player-transfers entered into by football clubs owned, or financed, by individuals who are key players in the oil market on abnormal returns in oil futures. In oil-financed football clubs, the sums expended buying players frequently far exceeds the amount received from selling players in the player-transfer market. We find that in order to finance these deficits in the player-transfer market, the owners act opportunistically by withholding the oil supply, resulting in higher abnormal oil spot returns. We also find that these spot price adjustments are reflected in abnormal returns in the futures market. The exception is when the deficit in the player-transfer market is above a very high threshold, which is typically only the case when the highest profile players in football are transferred. The high-profile transfers attract widespread media attention, making oil futures investors aware of the potential transmission from the player-transfer market to the oil market on a wide-scale, which dissipates the effect of a deficit in the player transfer market on abnormal returns in oil futures.

ACS Style

Hung Xuan Do; Quan M.P. Nguyen; Rabindra Nepal; Russell Smyth. When Pep comes calling, the oil market answers: The effect of football player transfer movements on abnormal fluctuations in oil price futures. Energy Economics 2021, 100, 105325 .

AMA Style

Hung Xuan Do, Quan M.P. Nguyen, Rabindra Nepal, Russell Smyth. When Pep comes calling, the oil market answers: The effect of football player transfer movements on abnormal fluctuations in oil price futures. Energy Economics. 2021; 100 ():105325.

Chicago/Turabian Style

Hung Xuan Do; Quan M.P. Nguyen; Rabindra Nepal; Russell Smyth. 2021. "When Pep comes calling, the oil market answers: The effect of football player transfer movements on abnormal fluctuations in oil price futures." Energy Economics 100, no. : 105325.

Original article
Published: 05 May 2021 in Economic Papers: A journal of applied economics and policy
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Following Sadorsky (Energy Economics, 2011, 33, 739), we examine the nexus between energy and trade in South Asia in a panel framework using annual data from 1990 to 2015. Given the cross‐sectional dependency issue, we use robust second‐generation panel econometric methods for the analysis. We find that variables are stationary at the first difference and cointegrated in the long run. The Dumitrescu‐Hurlin panel causality test shows a long‐run unidirectional causality from trade openness to energy consumption but not vice versa. Moreover, the panel symmetric and asymmetric estimation techniques reveal that energy consumption rises by 0.47 per cent on average and 0.83 per cent, with a 1 per cent rise in trade openness in the long run. However, a negative shock of similar magnitude reduces energy consumption by 0.37 per cent. We further fortify the panel results in the country‐level data with robust methods. We recommend energy efficiency and conservation policies and renewable energy technology augmentation policies through bilateral or multilateral trade strategies for sustainable development in the selected South Asian countries.

ACS Style

Azreen Benazir Abdullah Ahmed; Sakib Amin; Charles Harvie; Rabindra Nepal. The Nexus Between Energy and Trade in South Asia: A Panel Analysis. Economic Papers: A journal of applied economics and policy 2021, 40, 134 -151.

AMA Style

Azreen Benazir Abdullah Ahmed, Sakib Amin, Charles Harvie, Rabindra Nepal. The Nexus Between Energy and Trade in South Asia: A Panel Analysis. Economic Papers: A journal of applied economics and policy. 2021; 40 (2):134-151.

Chicago/Turabian Style

Azreen Benazir Abdullah Ahmed; Sakib Amin; Charles Harvie; Rabindra Nepal. 2021. "The Nexus Between Energy and Trade in South Asia: A Panel Analysis." Economic Papers: A journal of applied economics and policy 40, no. 2: 134-151.

Original article
Published: 04 May 2021 in Australian Journal of Agricultural and Resource Economics
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Hedonic models of housing prices face the risk of omitted variable bias due to the challenge of controlling for all relevant property attributes. The level of household financial assets is a key but underexplored control that may help to account for some of these difficult‐to‐observe property characteristics. Using large Australian household surveys, we find that controlling for household financial assets reduces the observed effect of having solar photovoltaic panels on housing prices. The elasticity of estimated housing price with respect to solar capacity is 0.09 for households with solar panels. Controlling for financial assets may be of use in other studies seeking to estimate the effect of home additions on housing prices.

ACS Style

Rohan Best; Paul J. Burke; Rabindra Nepal; Zac Reynolds. Effects of rooftop solar on housing prices in Australia. Australian Journal of Agricultural and Resource Economics 2021, 1 .

AMA Style

Rohan Best, Paul J. Burke, Rabindra Nepal, Zac Reynolds. Effects of rooftop solar on housing prices in Australia. Australian Journal of Agricultural and Resource Economics. 2021; ():1.

Chicago/Turabian Style

Rohan Best; Paul J. Burke; Rabindra Nepal; Zac Reynolds. 2021. "Effects of rooftop solar on housing prices in Australia." Australian Journal of Agricultural and Resource Economics , no. : 1.

Journal article
Published: 07 April 2021 in Environmental Science & Policy
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Environmental problem is a great concern world-wide which has been researched from various angles, including via the environmental Kuznets curve (EKC) hypothesis. EKC shows a hypothesized inverted U-shaped relationship between economic growth and environmental quality. As the severity of problem grows with industrial activities, this paper explores the impacts of economic growth, energy use, exports and human capital on the environmental quality of newly industrialised countries (NICs) over the period of 1979−2017. We have considered the cross-sectional dependence (CSD) issue, often ignored by most of the panel data studies. Using panel cointegration estimation technique, we have applied Dynamic Ordinary Least Squares (DOLS), Fully Modified Ordinary Least Squares (FMOLS), and Pooled Mean Group (PMG) estimation methods that address the CSD problem. Our findings exhibit the existence of CSD and long-run nexus among the variables used. In the long run, economic growth and human capital improved, and energy consumption and exports deteriorated environmental quality. The long-run elasticity for the energy variable is around one. DOLS and PMG methods provide similar results exhibiting that the effect of economic growth on CO2 emissions is the highest followed by energy use, human capital, and exports. The study found no evidence of the presence of the EKC hypothesis in NICs. Policy suggestions are made based on the findings.

ACS Style

Mohammad Mafizur Rahman; Rabindra Nepal; Khosrul Alam. Impacts of human capital, exports, economic growth and energy consumption on CO2 emissions of a cross-sectionally dependent panel: Evidence from the newly industrialized countries (NICs). Environmental Science & Policy 2021, 121, 24 -36.

AMA Style

Mohammad Mafizur Rahman, Rabindra Nepal, Khosrul Alam. Impacts of human capital, exports, economic growth and energy consumption on CO2 emissions of a cross-sectionally dependent panel: Evidence from the newly industrialized countries (NICs). Environmental Science & Policy. 2021; 121 ():24-36.

Chicago/Turabian Style

Mohammad Mafizur Rahman; Rabindra Nepal; Khosrul Alam. 2021. "Impacts of human capital, exports, economic growth and energy consumption on CO2 emissions of a cross-sectionally dependent panel: Evidence from the newly industrialized countries (NICs)." Environmental Science & Policy 121, no. : 24-36.

Journal article
Published: 05 March 2021 in Journal of Cleaner Production
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Increased clean energy production from household solar panels is a potentially vital component of a sustainable energy transition and decarbonisation that can reduce carbon dioxide emissions from many countries. This paper investigates multiple channels of wealth effects on household solar-panel uptake. There is evidence of impacts of both financial and non-financial assets on solar-panel uptake, but the evidence for financial assets is much more robust. Compared to the highest-asset quartile, proportional solar-panel uptake is three percentage points lower for the second-highest quartile of households based on financial assets, all else equal. This gap grows to six percentage points for households in the lowest quartile for financial assets. The results are robust across many models using probit, logit and linear probability formats. Knowledge of the relative magnitudes of impacts of wealth channels is important for policymakers who are considering supporting solar-panel uptake, particularly following the COVID-19 pandemic, when efficiency of public spending will be crucial. Our results reveal that means testing for solar policy support should be based on financial-asset thresholds, rather than non-financial assets or income. These are globally important policy lessons in creating a viable climate change adaptation strategy through solar electrification.

ACS Style

Rohan Best; Rabindra Nepal; Noura Saba. Wealth effects on household solar uptake: Quantifying multiple channels. Journal of Cleaner Production 2021, 297, 126618 .

AMA Style

Rohan Best, Rabindra Nepal, Noura Saba. Wealth effects on household solar uptake: Quantifying multiple channels. Journal of Cleaner Production. 2021; 297 ():126618.

Chicago/Turabian Style

Rohan Best; Rabindra Nepal; Noura Saba. 2021. "Wealth effects on household solar uptake: Quantifying multiple channels." Journal of Cleaner Production 297, no. : 126618.

Journal article
Published: 19 February 2021 in Finance Research Letters
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The paper documents the asymmetric relationship between green bonds and commodities via the cross-quantilogram approach. Given the heterogeneity nature of individual commodities, we employ three commodity key groups, including energy, metals, and agriculture. As expected, the empirical evidence highlights the asymmetric behaviors of green bonds in response to diverse groups of commodities. Further, the hedging and diversification benefit of including green bonds to commodity portfolio is revealed. Defined by the uncorrelation or negative correlation with commodities in the periods of high volatility, we found the strongest hedging benefit of green bonds against the fluctuation of natural gas, some industrial metals, and agricultural commodities. While these underlying features are persistent in the long run, it is recommended to utilize the use of green bonds in the longer term (22 days) for higher portfolio performance rather than the short term (1 to 5 days).

ACS Style

Muhammad Abubakr Naeem; Thi Thu Ha Nguyen; Rabindra Nepal; Quang-Thanh Ngo; Farhad Taghizadeh–Hesary. Asymmetric relationship between green bonds and commodities: Evidence from extreme quantile approach. Finance Research Letters 2021, 101983 .

AMA Style

Muhammad Abubakr Naeem, Thi Thu Ha Nguyen, Rabindra Nepal, Quang-Thanh Ngo, Farhad Taghizadeh–Hesary. Asymmetric relationship between green bonds and commodities: Evidence from extreme quantile approach. Finance Research Letters. 2021; ():101983.

Chicago/Turabian Style

Muhammad Abubakr Naeem; Thi Thu Ha Nguyen; Rabindra Nepal; Quang-Thanh Ngo; Farhad Taghizadeh–Hesary. 2021. "Asymmetric relationship between green bonds and commodities: Evidence from extreme quantile approach." Finance Research Letters , no. : 101983.

Journal article
Published: 10 February 2021 in Energy Economics
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This study analyses markets for wholesale electricity that implement uniform-price auctions. We study a model with marginal cost-based regulatory pricing framework where the marginal cost of electricity generation is decreasing. The energy-capacity wholesale electricity market of Western Australia (WEM) is analysed for this purpose. Wholesale markets globally like the WEM need to remunerate electricity generators for the recovery of missing money in electricity generation to ensure resource adequacy as wholesale electricity prices further continue to decline. We show that marginal cost-based price regulation under decreasing marginal cost forces electricity generators to shut down as power producers cannot make a positive profit. The switch to average variable cost-based regulation also induces negative profit for electricity generators in some cases. We recommend that a market regulation under a uniform-price auction arrangement should include price caps to mitigate the high prices and volatility. In the long-term, the return to an energy-only market is a viable possibility.

ACS Style

Peyman Khezr; Rabindra Nepal. On the viability of energy-capacity markets under decreasing marginal costs. Energy Economics 2021, 96, 105157 .

AMA Style

Peyman Khezr, Rabindra Nepal. On the viability of energy-capacity markets under decreasing marginal costs. Energy Economics. 2021; 96 ():105157.

Chicago/Turabian Style

Peyman Khezr; Rabindra Nepal. 2021. "On the viability of energy-capacity markets under decreasing marginal costs." Energy Economics 96, no. : 105157.

Review
Published: 14 January 2021 in Sustainability
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Southeast Asia faces one of the fastest growths in electricity demand in the world, driven by increasing incomes, urbanization and industrialization. Development and deployment of green energy technologies offer a natural conduit to meet the growing electricity needs of the Association of Southeast Asian Economies (ASEAN) region while also serving as a viable strategy to adapt to climate change. The aim of this study is to formulate the policy lessons for the ASEAN economies and governments in facilitating the development and deployment of green technologies and alternatives energy options based on a specific case review of the ASEAN. The ASEAN economic region is prioritizing sustainable economic growth while minimizing the regional impacts of climate change through decarbonization. The study undertakes a case-specific analysis in reviewing green energy deployment in the context of green growth and energy transition using secondary data sources and discusses the current status and future options of renewable energy development in the ASEAN. We find that carbon capture and storage (CCS) technologies will allow the ASEAN to continue to use fossil fuels while achieving sustainable economic growth as coal demand increases in the region. The deployment of CCS technologies will also act as an enabler of hydrogen energy as a green energy solution in the region in the longer term. Boosting public acceptance to nuclear energy, implementing energy efficiency improvement policies and eliminating fossil fuels consumption subsidies are feasible short-term and medium-term policies. Increasing both the public and private sector energy investments and development of CCS technologies in the longer term are necessary complementary policies to maximize the benefits of greater deployment of renewable energy sources in the region and combat climate change.

ACS Style

Rabindra Nepal; Han Phoumin; Abiral Khatri. Green Technological Development and Deployment in the Association of Southeast Asian Economies (ASEAN)—At Crossroads or Roundabout? Sustainability 2021, 13, 758 .

AMA Style

Rabindra Nepal, Han Phoumin, Abiral Khatri. Green Technological Development and Deployment in the Association of Southeast Asian Economies (ASEAN)—At Crossroads or Roundabout? Sustainability. 2021; 13 (2):758.

Chicago/Turabian Style

Rabindra Nepal; Han Phoumin; Abiral Khatri. 2021. "Green Technological Development and Deployment in the Association of Southeast Asian Economies (ASEAN)—At Crossroads or Roundabout?" Sustainability 13, no. 2: 758.

Journal article
Published: 07 January 2021 in Journal of Environmental Management
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India is one of the world's largest emerging economies and, therefore, has a critical role to play in ensuring global sustainability, while the Indian economy is also prioritizing energy security. The paper explores the dynamic linkages between energy security captured through national-level energy use, foreign direct investment (FDI), economic output, carbon emissions, and trade openness in India spanning the period from 1978 to 2016 in a multivariate framework based on the theoretical premise of an Environmental Kuznets Curve. Time series econometric modelling based on the ARDL model and VECM Granger causality tests are employed for this purpose. The results confirm the presence of a co-integrating relationship and finds a strong energy-output–CO2–FDI long-run nexus. A 1% increase in FDI results in a 0.013% reduction in energy use. Energy use is found to be Granger caused by output, carbon emissions, FDI and trade openness in the long-run. The adoption of energy-efficient techniques through FDI is essential for reducing carbon emissions in India based on our findings. The Indian government should also galvanize FDI inflow in the renewable energy sectors by assuring incentives to investors to concurrently achieve favorable macroeconomic outcomes and ensure sustainable economic development. These are globally important policy lessons for other developing and emerging economies.

ACS Style

Rabindra Nepal; Nirash Paija; Bhawna Tyagi; Charles Harvie. Energy security, economic growth and environmental sustainability in India: Does FDI and trade openness play a role? Journal of Environmental Management 2021, 281, 111886 .

AMA Style

Rabindra Nepal, Nirash Paija, Bhawna Tyagi, Charles Harvie. Energy security, economic growth and environmental sustainability in India: Does FDI and trade openness play a role? Journal of Environmental Management. 2021; 281 ():111886.

Chicago/Turabian Style

Rabindra Nepal; Nirash Paija; Bhawna Tyagi; Charles Harvie. 2021. "Energy security, economic growth and environmental sustainability in India: Does FDI and trade openness play a role?" Journal of Environmental Management 281, no. : 111886.

Journal article
Published: 28 December 2020 in Economic Analysis and Policy
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Since no previous study assesses the relative efficacy of government versus private investment on energy consumption in South Asia under the reform initiatives, in this study, we try to fill this gap in a panel framework over the period 1980–2016. As the panel data shows cross-dependencies across the cross-sections, the Pesaran’s Cross-Sectionally Augmented Dickey–Fuller (CADF) and Cross-Sectionally Augmented IPS (CIPS) tests are used to check the stationary properties. Besides, a structural break augmented panel unit root is also done to find the stationary properties in the presence of structural breaks. The Durbin–Hausman test is further applied to identify the variables’ cointegrating relationship. The Dumitrescu–Hurlin panel causality test finds a one-way causality between energy consumption and private investment but no causality between government investment and energy consumption. According to Pool Mean Group (PMG) Panel Autoregressive-Distributive Lag (ARDL) estimation results, there is no significant linkage between government and private investments and energy consumption in the absence of the reform initiatives. On the contrary, in energy sector reform, private investment efficiently stimulates energy consumption in the selected South Asian countries; however, government investment is ineffective in promoting energy consumption. We recommend that policymakers find an optimal institutional reform policy to improve government investment efficiency in South Asia.

ACS Style

Sakib Amin; Tooraj Jamasb; Rabindra Nepal. Regulatory reform and the relative efficacy of government versus private investment on energy consumption in South Asia. Economic Analysis and Policy 2020, 69, 421 -433.

AMA Style

Sakib Amin, Tooraj Jamasb, Rabindra Nepal. Regulatory reform and the relative efficacy of government versus private investment on energy consumption in South Asia. Economic Analysis and Policy. 2020; 69 ():421-433.

Chicago/Turabian Style

Sakib Amin; Tooraj Jamasb; Rabindra Nepal. 2020. "Regulatory reform and the relative efficacy of government versus private investment on energy consumption in South Asia." Economic Analysis and Policy 69, no. : 421-433.

Journal article
Published: 10 September 2020 in Energy Economics
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This study investigates the volatility connectedness between the Irish and Great Britain electricity markets and how it is driven by changes in energy policy, institutional structures and political ideologies. We assess various aspects of this volatility connectedness including static (unconditional) vs dynamic (conditional), symmetric vs asymmetric characteristics between 2009 and 2018. We find that the volatility connectedness is time-varying and it is significantly affected by important events, policy reforms or market re-designs such as Brexit, oil price slump, an increasing share of renewables, and fluctuations in the exchange rates. Our asymmetric analysis shows that magnitude of the good volatility connectedness is marginally larger than that of the bad volatility connectedness. Our result suggests that good volatility levels would be even higher once the Irish market adopts the carbon price floor. Therefore, supporting renewable generation by setting an appropriate price of carbon in interconnected wholesale electricity markets will improve market integration.

ACS Style

Hung Xuan Do; Rabindra Nepal; Tooraj Jamasb. Electricity market integration, decarbonisation and security of supply: Dynamic volatility connectedness in the Irish and Great Britain markets. Energy Economics 2020, 92, 104947 .

AMA Style

Hung Xuan Do, Rabindra Nepal, Tooraj Jamasb. Electricity market integration, decarbonisation and security of supply: Dynamic volatility connectedness in the Irish and Great Britain markets. Energy Economics. 2020; 92 ():104947.

Chicago/Turabian Style

Hung Xuan Do; Rabindra Nepal; Tooraj Jamasb. 2020. "Electricity market integration, decarbonisation and security of supply: Dynamic volatility connectedness in the Irish and Great Britain markets." Energy Economics 92, no. : 104947.

Journal article
Published: 25 August 2020 in Energy Economics
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This paper examines the time and frequency connectedness among electricity, carbon and clean energy markets, and oil price demand and supply shocks. In doing so, we use the spillover method proposed by Diebold and Yilmaz (2012) and its extension in the frequency domain by Baruník and Křehlík (2018). We find increased connectedness during the global financial crisis as well as in the shale oil revolution period. The total connectedness is also higher in the short-run compared to the long-run. Due to their low connectedness, electricity futures can act as a risk diversifier and safe-haven asset against oil shocks. Net pairwise directional connectedness among oil shocks and the clean energy index is higher during the shale oil revolution. These results have important implications for investors with different investment time horizons.

ACS Style

Muhammad Abubakr Naeem; Zhe Peng; Mouhammed Tahir Suleman; Rabindra Nepal; Syed Jawad Hussain Shahzad. Time and frequency connectedness among oil shocks, electricity and clean energy markets. Energy Economics 2020, 91, 104914 .

AMA Style

Muhammad Abubakr Naeem, Zhe Peng, Mouhammed Tahir Suleman, Rabindra Nepal, Syed Jawad Hussain Shahzad. Time and frequency connectedness among oil shocks, electricity and clean energy markets. Energy Economics. 2020; 91 ():104914.

Chicago/Turabian Style

Muhammad Abubakr Naeem; Zhe Peng; Mouhammed Tahir Suleman; Rabindra Nepal; Syed Jawad Hussain Shahzad. 2020. "Time and frequency connectedness among oil shocks, electricity and clean energy markets." Energy Economics 91, no. : 104914.

Journal article
Published: 10 August 2020 in Education Sciences
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Higher education is experiencing a paradigm shift from passive learning towards active learning. The COVID-19 pandemic has further presented an opportunity for education providers to enhance teaching that includes non-campus modes. However, concerns regarding student engagement lie at the heart of the transition to active learning environments in the context of the increased demand for online education. Therefore, promoting student engagement has become an educational priority since greater student engagement translates into valued student experiences, higher academic performance, and increased retention rates. This paper semi-systematically reviews the literature on student engagement in undergraduate economics education. Close emphasis is also paid to the relationships between the direct measures of disengagement such as absenteeism on student performance in economics. The student engagement framework developed by Frederiks, Blumenfeld, and Paris (2004) is used to classify the dimensions of student engagement and the factors that influence the different dimensions of engagement. The literature reviewed is predominately occupied with behavioral aspects of engagement with little attention towards capturing the cognitive and emotional aspects of student engagement. Three key recommendations are noted from the study in order for business school educators and higher education policy makers to promote student engagement in economics education. Future research on student engagement in undergraduate business education should focus more on capturing the cognitive and emotional aspects of student engagement to inform policymaking in promoting student engagement.

ACS Style

Rabindra Nepal; Ann M. Rogerson. From Theory to Practice of Promoting Student Engagement in Business and Law-Related Disciplines: The Case of Undergraduate Economics Education. Education Sciences 2020, 10, 205 .

AMA Style

Rabindra Nepal, Ann M. Rogerson. From Theory to Practice of Promoting Student Engagement in Business and Law-Related Disciplines: The Case of Undergraduate Economics Education. Education Sciences. 2020; 10 (8):205.

Chicago/Turabian Style

Rabindra Nepal; Ann M. Rogerson. 2020. "From Theory to Practice of Promoting Student Engagement in Business and Law-Related Disciplines: The Case of Undergraduate Economics Education." Education Sciences 10, no. 8: 205.

Original research
Published: 15 July 2020 in Economic Record
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We examine the risk transmission mechanisms in the interconnected Australian National Electricity Market (NEM). We illustrate that the transmission of extreme events should be considered in terms of their magnitude (via skewness) and the likelihood of their occurrence (via kurtosis) when promoting NEM interconnectedness. Our empirical findings suggest that interconnectedness costs can be limited by providing sufficient transmission capacity as it can expand generation capacity. Our results suggest that a 1 per cent increase in NEM generation capacity can decrease the transmission of these risks by between 0.9 and 1.7 per cent, depending on the moment of the electricity return distribution.

ACS Style

Hung Do; Rabindra Nepal; Russell Smyth. Interconnectedness in the Australian National Electricity Market: A Higher‐Moment Analysis*. Economic Record 2020, 96, 450 -469.

AMA Style

Hung Do, Rabindra Nepal, Russell Smyth. Interconnectedness in the Australian National Electricity Market: A Higher‐Moment Analysis*. Economic Record. 2020; 96 (315):450-469.

Chicago/Turabian Style

Hung Do; Rabindra Nepal; Russell Smyth. 2020. "Interconnectedness in the Australian National Electricity Market: A Higher‐Moment Analysis*." Economic Record 96, no. 315: 450-469.

Journal article
Published: 15 March 2020 in Journal of Economic Integration
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ACS Style

Rabindra Nepal; Nirash Paija. Stability of Money Demand Function in the SAARC Region: A Panel Co-Integration Approach. Journal of Economic Integration 2020, 35, 111 -128.

AMA Style

Rabindra Nepal, Nirash Paija. Stability of Money Demand Function in the SAARC Region: A Panel Co-Integration Approach. Journal of Economic Integration. 2020; 35 (1):111-128.

Chicago/Turabian Style

Rabindra Nepal; Nirash Paija. 2020. "Stability of Money Demand Function in the SAARC Region: A Panel Co-Integration Approach." Journal of Economic Integration 35, no. 1: 111-128.

Journal article
Published: 19 February 2020 in The Singapore Economic Review
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This study examines the linkages between energy security (ES), renewable and non-renewable energy on economic growth for ASEAN countries within a neo-classical growth framework. The econometric techniques account for cross-sectional dependence and structural breaks by undertaking a dynamic common correlation effect analysis unlike previous studies. The study finds a long-run relationship between ES, renewable, non-renewable energy and economic growth for ASEAN economies between 1980 and 2018. Our results also confirm a feedback relationship between renewable energy and economic growth in the ASEAN. Thus, the ASEAN governments must prioritize renewable energy funding and investments. The results are robust to different estimations and methods.

ACS Style

Rabindra Nepal; Hammed Oluwaseyi Musibau. ENERGY SECURITY, RENEWABLE, NON-RENEWABLE ENERGY AND ECONOMIC GROWTH IN ASEAN ECONOMIES: NEW INSIGHTS. The Singapore Economic Review 2020, 66, 457 -488.

AMA Style

Rabindra Nepal, Hammed Oluwaseyi Musibau. ENERGY SECURITY, RENEWABLE, NON-RENEWABLE ENERGY AND ECONOMIC GROWTH IN ASEAN ECONOMIES: NEW INSIGHTS. The Singapore Economic Review. 2020; 66 (02):457-488.

Chicago/Turabian Style

Rabindra Nepal; Hammed Oluwaseyi Musibau. 2020. "ENERGY SECURITY, RENEWABLE, NON-RENEWABLE ENERGY AND ECONOMIC GROWTH IN ASEAN ECONOMIES: NEW INSIGHTS." The Singapore Economic Review 66, no. 02: 457-488.

Journal article
Published: 04 December 2019 in Journal of Environmental Management
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Renewable energy has been prioritised in decarbonising Indonesia’s electricity system. Indonesia aims to attain an efficient energy system by applying renewable energy tariffs that are lower than the cost of fossil fuel-generated electricity. However, the effectiveness of this policy is questionable, as renewable energy investments under previous premium feed-in tariffs did not meet expectations. This study aims to estimate generation costs from renewable energy expansions under three scenarios, namely existing power plant planning, and 11% and 14% emission reductions in Indonesia’s electricity sector. We develop an agent-based model (ABM) tool called PowerGen-ABM that employs multi-approaches: linear programming and input-output analysis. The optimisation result shows that the emission reduction targets would increase the average electricity generation costs in 2028 from 65.3 USD/ MWh in the existing plan of power plant expansions to 68.3 USD/ MWh. The increased costs are caused by insufficient dispatchable renewables in several regions such as North Maluku. Renewable energy production share in total electricity production and emission reduction achievement of the existing plan in 2025 will be 22.8% and 6.5% below the targets of 23% and 11%, respectively. In contrast, the emission reduction scenarios could achieve those targets due to higher renewables productions, especially with wind energy from 5,268 GWh in the existing plan into anywhere between 64,472 to 75,085 GWh. Several policy implications are discussed based on these findings.

ACS Style

Muhammad Indra Al Irsyad; Anthony Halog; Rabindra Nepal; Deddy Priatmodjo Koesrindartoto. Economical and environmental impacts of decarbonisation of Indonesian power sector. Journal of Environmental Management 2019, 259, 109669 .

AMA Style

Muhammad Indra Al Irsyad, Anthony Halog, Rabindra Nepal, Deddy Priatmodjo Koesrindartoto. Economical and environmental impacts of decarbonisation of Indonesian power sector. Journal of Environmental Management. 2019; 259 ():109669.

Chicago/Turabian Style

Muhammad Indra Al Irsyad; Anthony Halog; Rabindra Nepal; Deddy Priatmodjo Koesrindartoto. 2019. "Economical and environmental impacts of decarbonisation of Indonesian power sector." Journal of Environmental Management 259, no. : 109669.

Journal article
Published: 24 June 2019 in Energy Policy
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Economic growth and increasing population is driving the demand for energy in developing economies globally including South Asia. Energy security concerns have heightened in these economies, consequently, raising questions in their ability to meet the key sustainable development goals. This paper specifically examines the inter-relationships between energy security captured through the channel of electricity availability based on electricity consumption and economic output in a multivariate framework incorporating the effects of capital formation and population for Nepal, a developing economy in South Asia. Time series econometrics based on the ARDL bounds test approach to cointegration and the Toda-Yamamoto Granger causality tests are used to examine and test for long run equilibrium relationships and causality between 1975 and 2014. We find that there is no long-run relationship between electricity consumption and economic output for Nepal, distinguishing it at the regional level for South Asia. However, a 1% increase in population increases electricity consumption by 4.16% in the long-run. We propose that large scale development of available renewable energy such as hydropower and improvements in energy efficiency will not only strengthen energy security in the long-run but also will help tackling climate change in South Asian developing economies like Nepal.

ACS Style

Rabindra Nepal; Nirash Paija. Energy security, electricity, population and economic growth: The case of a developing South Asian resource-rich economy. Energy Policy 2019, 132, 771 -781.

AMA Style

Rabindra Nepal, Nirash Paija. Energy security, electricity, population and economic growth: The case of a developing South Asian resource-rich economy. Energy Policy. 2019; 132 ():771-781.

Chicago/Turabian Style

Rabindra Nepal; Nirash Paija. 2019. "Energy security, electricity, population and economic growth: The case of a developing South Asian resource-rich economy." Energy Policy 132, no. : 771-781.

Preprint
Published: 16 January 2019 in SSRN Electronic Journal
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Sustainable tourism management policies should aim at maximising economic benefits from tourist arrivals while minimizing associated adverse impacts on the environment. This study assesses the short-run and long-run relationships between tourist arrivals, per capita economic output, emissions, energy consumption and capital formation, citing Nepal as a specific case study. We developed four hypotheses and tested them using time-series econometrics based on the autoregressive distributed lag model and Granger causality tests. The results provide strong evidence of an economy driven tourism sector where expansion in economic output leads to expansion in tourist arrivals. More tourist arrivals, in turn, generate positive impacts on gross capital formation. Energy consumption negatively affects tourist arrivals, calling for increased attention towards improving energy efficiency and energy diversity. We conclude that national policies to increase tourist arrivals should be integrated with national energy and environmental policies in order to facilitate the transition towards a sustainable tourism sector.

ACS Style

M. Indra Al Irsyad; Rabindra Nepal; Sanjay Kumar Nepal. Tourist Arrivals, Energy Consumption and Pollutant Emissions in a Developing Economy - Implications for Sustainable Tourism. SSRN Electronic Journal 2019, 1 .

AMA Style

M. Indra Al Irsyad, Rabindra Nepal, Sanjay Kumar Nepal. Tourist Arrivals, Energy Consumption and Pollutant Emissions in a Developing Economy - Implications for Sustainable Tourism. SSRN Electronic Journal. 2019; ():1.

Chicago/Turabian Style

M. Indra Al Irsyad; Rabindra Nepal; Sanjay Kumar Nepal. 2019. "Tourist Arrivals, Energy Consumption and Pollutant Emissions in a Developing Economy - Implications for Sustainable Tourism." SSRN Electronic Journal , no. : 1.