The Political Economy of Energy and Growth

Description

The Gulf Crisis of the 1990s brought the concept of energy security to the fore. Global realities of the 21st century have further altered the concept of national security, and energy has fast become one of its pivotal components. With its dependence on energy imports to fuel basic but critical needs—transportation, communication, education, health delivery systems—India needs to focus on energy security to ensure both its economic growth and national interests. Combining theoretical and empirical issues and drawing its conclusions from rigorous methodologies and latest data, this volume covers a wide range of global energy issues such as trends in oil markets, oil diplomacy, political economy of reforms, environmental concerns, interaction between macroeconomic policies and the energy sector, technology challenges, and innovations in the oil industry. Assessing the energy sector and its evolution, especially its significance for overall economic growth and development, it also analyses India’s national energy policy and its long-term implications towards achieving energy security. This volume honours Vijay Kelkar, whose contribution to the hydrocarbons sector in India continues to influence academics and practitioners associated with the energy sector.  

Table of contents

List of Abbreviations
Acknowledgements
Introduction by Najeeb Jung

Section I
Economics of Energy and Economic Growth
1. An Essay in Two Parts in Honour of Vijay Kelkar
Daniel Yergin
2. A Pioneer's Thinking around Growth Fundamentals: A Tribute to Vijay Kelkar
R.K. Pachauri and Shailly Kedia
3. The Changing Pattern of India's Energy Profile: An Input-Output Analysis of Linkages
Shahid Ahmed and Anjali Tandon

Section II
International Oil: National and Global Context
4. International Oil: Need for a Cooperative Regime
Sanjiv Misra
5. India's Oil: The Past, the Present, and the Future
Rita Nangia
6. Subsidy Elimination with and without a Global Price Shock: The Macroeconomics of Oil Price Policy Reform
Sudipto Mundle, N.R. Bhanumurthy, and Sukanya Bose
7. Oil and Gas in an Asian Century
Asha Ram Sihag
8. Development of Oil and Gas Project in Rajasthan
Bill Gammell

Section III
India's Energy Security
9. Challenges to India's Energy Security
Ligia Noronha
10. India's Energy Sector: Pride and Prejudice
Fereidun Fesharaki and Praveen Kumar
11. India's Energy Challenges in the Global Context: An Investor's Perspective
Afsaneh Beschloss
12. A Man for All Seasons
Mani Shankar Aiyar

Section IV
Natural Gas in India's Energy Basket and Policy Debates
13. Role of Natural Gas in India's Energy Basket in the Early Twenty-first Century
Ajit Kapadia and Kirit N. Naik
14. The Gas Policy Debate: Origins and Challenges 
Anil Jain

About the Editor and Contributors
Index