If the areas in the domain of applied economics are being looked at, then it can be experienced that out of all the areas, energy economics is the area, which is the most coveted of them all, owing to its multidisciplinary nature. The importance of this area lies in its scope, as this area focuses on the aspects of economic growth and development, linked with the problems regarding natural resources and energy pricing. Given its multidisciplinary nature and mounting amount of importance in the word of business and society, several research areas are emerging out of this particular domain of applied economics.
Within the scope of energy economics, there are several research areas, which are gradually turning out to be popular and significant among the researchers across the world. You can also take help of scholarly writers to choose a good topic to begin your research study. Some of those areas are as per the following:
- Rebound analysis: With the growth in industrialization across nations, demand of energy is on the rise, and due to several factors, usage of energy is not able to attain its optimum level. The association between expected usage of energy and the actual usage of energy is being tested by researchers by means of rebound analysis. This area is gradually turning out to be popular since last two to three years.
- Efficiency analysis: Apart from the rebound analysis, efficiency analysis of energy generated from various sources are carried out based on several parameters, like energy price, energy demand, energy supply, number of transmission channels etc.
- Environmental analysis: During the course of energy generation and consumption, several types of fossil fuels are used, and as a consequence of that, several kinds of environmental degradations, in terms of air, water, soil pollution etc. take place. Analysis of environmental impacts of the energy generation and consumption processes is gradually gaining importance among researchers.
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