Estimating the interrelation between energy security and macroeconomic factors in European countries

Stavytskyy, Andriy; Kharlamova, Ganna; Giedraitis, Vincentas Rolandas; Šumskis, Vaidotas

doi:10.14254/2071-8330.2018/11-3/18

Cited by 65 publications

(52 citation statements)

References 38 publications

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“…Many of the previous research focused on correlation between economic development and energy production or/and consumption. We have chosen GDP per capita since it reflects the achieved level of economic development in the long run and population well-being is a final goal followed by all citizens, and also by government [58][59][60][61][62].…”

Section: Discussionmentioning

confidence: 99%

Renewable Energy in the Electricity Sector and GDP per Capita in the European Union

et al. 2019

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Considering that the European Directive has imposed that at least 20% of the total energy should come from renewable energy sources (RES) by 2020 already and the specific targets for each European Union Member State, this paper attempts to assess the importance of GDP per capita in realizing these targets and also the effects of the RES share in electricity. Contrary to previous research, this paper does not consider the connection between economic growth and RES, but rather the potential connection between the share of RES in electricity and the real GDP per capita. The panel data models indicated to a positive, but very low impact of GDP per capita on the share of RES in electricity in the period of 2007–2017 in the case of the EU countries, except Luxembourg that has outlier values of GDP per capita. However, causality between the two variables was not identified. Some groups of countries were described according to these variables using cluster analysis. Future research should focus on the extension of this model by including other important variables such as RES potential available in the countries with specific geographical conditions.

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Section: Discussionmentioning

confidence: 99%

Renewable Energy in the Electricity Sector and GDP per Capita in the European Union

et al. 2019

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“…Energy is an indispensable input in production and is pivotal to sustainable development due to the scarcity and non-renewability of fossil fuels [2]. Energy efficiency is considered one dimension of energy security [3]. Improving energy efficiency is recognized as a cost-effective way to alleviate the energy shortage, environmental damage, and sustainable development problems brought by energy consumption [4] and to achieve sustainable development [5].…”

Section: Introductionmentioning

confidence: 99%

Direct and Indirect Effects of Urbanization on Energy Intensity in Chinese Cities: A Regional Heterogeneity Analysis

Chen

Cheng

2019

Sustainability

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Energy intensity reduction has become a constrained target from the 11th five-year plan in China. Energy consumption is expected to increase because of rapid urbanization and economic growth, whereas energy intensity reduction is regarded as a method to alleviate the pressure of growing energy demand. An important contribution of this study is the investigation of urbanization impact on energy intensity across China at the urban level. This research uses a balanced panel data set of 224 cities for the period between 2005 and 2016 and reports deep insights into and innovative findings for the reduction of energy intensity across different regions and cities in China. To examine the direct, indirect, and total effects and regional heterogeneous effects, we employ spatial Durbin models and spatial decomposition techniques. It reveals significant and negative direct effects of urbanization in the western and full regions. However, the indirect and total effects of urbanization are significantly negative in the eastern and western regions. The pressure of urbanization on energy has alleviated and is reversing, especially under the construction of people-oriented and green new-type urbanization. The empirics highlight industrialization as a contributing factor for high energy intensity in the spatial outcomes of regional analysis. The direct effect of per capita GDP supports the existence of the inverted U-shaped relationship between economic development and energy intensity. The study proposes fruitful implications to construct new-type urbanization for energy conservation and sustainable development in China.

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“…This focus area is characterized by particular attention to the effects of human society on nature and desire to maintain a favorable environment for new generations [4][5][6][7]. Unlike developed countries, 2 of 28 for developing ones, the context of energy efficiency has a slightly different priority [8][9][10]. The policy of energy efficiency improvement is considered, first of all, as the area of modernization of various industries and individual companies in order to reduce production cost and increase their competitiveness at the world markets.…”

Section: Introductionmentioning

confidence: 99%

Strategy Context of Decision Making for Improved Energy Efficiency in Industrial Energy Systems

Melnik

Ermolaev

2020

Energies

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Energy efficiency improvement in industrial companies is an essential prerequisite for the enhancement of their competitive positions in the national and global markets. Yet, the approaches currently employed in respect of the energy management do not fully utilize the innovative potential of energy technologies to achieve strategic goals. One way to further develop energy management is theoretical justification of the use of new approaches based on the suggested concept of the energy saving and energy efficiency processes’ positioning in the system of a company’s management priorities. In this article, we consider the applied use of the developed conceptual approach from the perspective of the energy saving and energy efficiency program development at the company. The main purpose of this paper is to justify the relations between energy management and strategic decision making in industrial companies. The results of the research conducted, firstly, make a certain contribution into the research of strategic multiple benefits of energy efficiency in a company; secondly, they expand understanding of the impact of energy saving and energy efficiency improvement on the achievement of operational, tactical and strategic results of the company’s activities; thirdly, they provide methodological decision support for the development of energy saving and energy efficiency programs taking into account the management and organizational barriers.

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Estimating the interrelation between energy security and macroeconomic factors in European countries

Cited by 65 publications

References 38 publications

Renewable Energy in the Electricity Sector and GDP per Capita in the European Union

Renewable Energy in the Electricity Sector and GDP per Capita in the European Union

Direct and Indirect Effects of Urbanization on Energy Intensity in Chinese Cities: A Regional Heterogeneity Analysis

Strategy Context of Decision Making for Improved Energy Efficiency in Industrial Energy Systems

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