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Energy Intensity - A Key Indicator for the Economic Development

Author

Listed:
  • Felix-Constantin Burcea

    (The Bucharest University of Economic Studies, Romania)

  • Emilia Ungureanu

    (University of Pitești, Romania)

  • Cristina Florentina Bâldan

    (University of Pitești, Romania)

Abstract

Energy intensity represents one of the main indicators for economic development and is expressed as the ratio between the gross inland consumption of energy and gross domestic product (GDP). The least energy-intensive economies in the EU are Denmark, Ireland and the UK. Among the most energy-intensive economies are Bulgaria, Romania, Estonia, the Czech Republic and Slovakia. In socialist times, eastern European Member States had economies with high shares of energy-intensive industries as well as an energy-inefficient infrastructure serving these industries. In this paper we will perform an analyze at Romanian level by comparing the obtained results with the one’s at Europe 27 level and we will determine the decouple degree between energy consumption and economic growth.

Suggested Citation

  • Felix-Constantin Burcea & Emilia Ungureanu & Cristina Florentina Bâldan, 2012. "Energy Intensity - A Key Indicator for the Economic Development," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 12(1), pages 25-32.
    • Handle: RePEc:pet:annals:v:12:y:2012:i:1:p:25-32
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    References listed on IDEAS

    as
    1. Abdelgalil, E.A. & Cohen, S.I., 2007. "Economic development and resource degradation: Conflicts and policies," Socio-Economic Planning Sciences, Elsevier, vol. 41(2), pages 107-129, June.
    2. Rui Castro, 2005. "Economic Development and Growth in the World Economy," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 8(1), pages 195-230, January.
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    More about this item

    Keywords

    conomic development; GDP; gross inland energy consumption; energy intensity;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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