Labour productivity improvements from energy efficiency investments: The experience of European firms

Kalantzis, Fotios; Niczyporuk, Hanna

doi:10.1016/j.energy.2022.123878

Cited by 12 publications

(5 citation statements)

References 23 publications

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“…This result is confirmed by Zeng et al (2020), who conclude that saving stimulates energy consumption through the increase in FDI inflows Wahyudi and Palupi (2023). Furthermore, when the labor force increases by 1%, oil consumption increases by 3.1359%, similar results were represented by Kalantzis and Niczyporuk (2022). However, Wahyudi and Palupi (2023) found that the labor force has no influence on oil consumption in both time spans.…”

Section: Resultsmentioning

confidence: 59%

The Nexus between Oil Consumption, Economic Growth, and Crude Oil Prices in Saudi Arabia

Alkofahi,

Bousrih

2024

Economies

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The energy revolution in Saudi Arabia has accelerated significantly since 2016, driven by the National Vision 2030. Significant changes to energy subsidies took place, and the renewable energy sector has seen rapid growth. The paper presents an empirical analysis of the Saudi energy transition by emphasizing the drivers of fuel consumption in KSA. It primarily attempts to explore the long-run (LR) connection between oil consumption and several economic variables such as economic growth, crude oil prices, investment, and the labor force in Saudi Arabia (KSA) from 1991 up to 2021. The paper implemented the vector error correction model (VECM) and performed different diagnostic tests to provide more evidence about the validity and robustness of the tests. The empirical findings highlighted how important the labor force, savings, GDP, and crude oil price are in determining oil consumption for KSA. The law of demand is significantly present, which negatively affects oil consumption for KSA as an oil exporting country. The results also supported the existence of a long-term direct correlation between the variables and oil consumption. Furthermore, the short-term estimation highlighted that only saving has a negative impact on oil consumption for a single lagged period. Our findings provide governments and regulators with further incentive to slow the expansion in oil consumption, as a larger labor force is demanding more oil to attain the target, faster economic growth, and increased savings are all contributing factors. Our findings are significant because they can assist policymakers, investors, and regulators in generating more efficient oil substitutes and making them affordable for the economy.

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Section: Resultsmentioning

confidence: 59%

The Nexus between Oil Consumption, Economic Growth, and Crude Oil Prices in Saudi Arabia

Alkofahi,

Bousrih

2024

Economies

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“…Since energy productivity concerns literally everyone, this topic has been examined numerous times in the literature. It is worth to mention that energy productivity was analysed along with different factors and in different contexts, such as economic growth (Liu et al, 2023;Malanima, 2021;Nomura, 2022), trade (Jin et al, 2021;Wan et al, 2015), innovation (Li et al, 2020;Yu et al, 2022), carbon emissions (Kirikkaleli and Sowah, 2023;Shah et al, 2023;Xie and Jamaani, 2022), labour productivity (Kalantzis and Niczyporuk, 2022;Renshaw, 1981) and more. Increasing energy productivity is, in general, a positive thing as it leads to decrease CO 2 emissions (Amin et al, 2022;Oyebanji and Kirikkaleli, 2022;Wahab et al, 2021) and hence reduce environmental pollution (Aydin and Erdem, 2024).…”

Section: Literature Reviewmentioning

confidence: 99%

Disparities in Energy Productivity across the EU Countries

Grodzicki

2024

IJEEP

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Energy plays a crucial role in everyday life and thus is one of the most essential inputs in all economic activities. Nowadays, the EU energy market has changed mainly due to the Russian invasion of Ukraine. The EU countries had to suddenly adapt to the new situation and secure energy supply for their citizens. But even before that, energy issues had been raised on a global scale through the United Nations’ 2030 Agenda for Sustainable Development. One of the seventeen Sustainable Development Goals (SDGs) is SDG 7: Affordable and clean energy. Therefore, this paper aims to examine energy productivity in EU countries as it should be at the heart of the ongoing debate on energy security across the EU. This study uses two sources of data: the Eurostat and OECD. The first one provides users with a composite indicator of energy productivity, which results from the division of the GDP by the gross available energy (primary production + recovered & recycled products + imports – exports + stock changes) for a given calendar year. The latter delivers an indicator of energy productivity measured in GDP per unit of total energy supply. This paper applies the β-convergence model to investigate the disparities between the EU countries in energy productivity and to see if they are widening or narrowing over time. The results show that although there are significant initial disparities, the EU countries have been converging over time; however, the speed of that process is not satisfyingly fast.

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“…Research from Kalantzis and Niczyporuk (2022) found that there is a causal relationship between energy efficiency investment and labor productivity. The existence of a reduction in energy consumption which is characterized by increasing energy efficiency can increase labor productivity.…”

Section: Literature Reviewmentioning

confidence: 99%

“…The existence of a reduction in energy consumption which is characterized by increasing energy efficiency can increase labor productivity. (Kalantzis and Niczyporuk, 2022) An increase in labor force participation has an impact on increasing output, increasing output can increase demand for energy consumption. To overcome this problem, a policy from the government and the private sector is needed to increase energy efficiency by improving the quality of production inputs that use renewable energy.…”

Section: Literature Reviewmentioning

confidence: 99%

Relationship between Energy Consumption, Foreign Direct Investment, and Labor Force Participation Using the VECM Model: Empirical Study in OECD Countries

Wahyudi

Palupi

2023

IJEEP

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The purpose of this study is to determine the causal relationship as well as the long-term and short-term relationship between total energy consumption, foreign direct investment (FDI), and labor force participation rates in OECD countries from 1994 to 2019 using Granger Causality Test and Vector Error Correction Model (VCEM). In this study, it is found that energy consumption and FDI have a two-way causality, energy consumption and the labor force participation rate have a two-way causality and FDI and the labor force participation rate have a two-way causality. In the long term, FDI has a significant positive effect on energy consumption while labor force participation has an insignificant negative effect on energy consumption. Meanwhile, in the short term, FDI and labor force participation rates have no effect. This research contributes to decision-making in the field of energy, FDI, and improving the quality and quantity of the workforce in OECD countries.

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Labour productivity improvements from energy efficiency investments: The experience of European firms

Cited by 12 publications

References 23 publications

The Nexus between Oil Consumption, Economic Growth, and Crude Oil Prices in Saudi Arabia

The Nexus between Oil Consumption, Economic Growth, and Crude Oil Prices in Saudi Arabia

Disparities in Energy Productivity across the EU Countries

Relationship between Energy Consumption, Foreign Direct Investment, and Labor Force Participation Using the VECM Model: Empirical Study in OECD Countries

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