About Ehsan RasolinezhadEhsan Rasolinezhad is assistant professor of economics at faculty of world studies of Tehran university, Tehran.
Energy, especially from oil and its derivatives, is a key factor of production in an economy and is widely used in different sectors—including transportation, agriculture, and industry—in households, and as a raw material in the production of petrochemical products. As such, energy has great value and affects other commodity prices. Since the first oil price shock of 1973, examining the effects of changes in energy prices, especially of oil, on macro and microeconomic levels has become one of the most fundamental issues of energy economics (Taghizadeh-Hesary et al. 2013).
Japan is almost fully dependent on energy imports. In March 2011, a devastating earthquake and tsunami hit eastern Japan and damaged the nuclear power plant in Fukushima. This disaster led to the shutdown of all nuclear power plants due to the lack of government safety approvals. Japan replaced this significant loss of nuclear power with energy generated from imported natural gas, low-sulfur crude oil, fuel oil, and coal.
Subscribe / Connect to Asia Pathways
- Agriculture and rural development
- Industry and Trade
- Information and Communications Technology
- Poverty Reduction
- Public-Private Partnership
- Regional Cooperation
- Social Development and Poverty
- Video Blog
- High-Speed Rail: Necessary but not sufficient for socioeconomic development
- Services policies and manufacturing exports
- How services helped power “Factory Asia”
- What can services trade policy do for sustainable development?
- Sectoral labor income share dynamics: Cross-country evidence from a new dataset
- Is female entrepreneurship a coping strategy during crises? on
- Do solar lights help kids do better in school? on
- Sustainable funding schemes for the development of waste management projects in Asia on
- Minimizing the Cost of Fecal Sludge Management through Co-Treatment on
- Energy Efficiency: The Cornerstone for Achieving SDG 7 on