Energy Consumption in Transitional Economies: Jevons' Paradox for Romania, Bulgaria, Hungary, and Poland (Part I)
AbstractIn this paper, we argue that improved energy efficiency leads to increased consumption of energy for the transitional economies of Romania, Bulgaria, Poland, and Hungary. The concept that energy consumption increases with improved energy efficiency is known as Jevons’ Paradox. We will provide some evidence that Jevons’ Paradox may exist for the four study countries and discuss why this result may be occurring. Analysis of this kind is vital because it could enable policy-makers to develop national energy strategies that would account for the stages of economic development that their countries reached. For two of these countries, Romania and Bulgaria, the results provided in the paper have strong policy implications as these countries must meet European Union standards as they are admitted into the community.
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Bibliographic InfoArticle provided by Institute for Economic Forecasting in its journal Romanian Journal of Economic Forecasting.
Volume (Year): 4 (2007)
Issue (Month): 3 (September)
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More information through EDIRC
Energy economics; Jevons’ paradox; Transitional economies;
Find related papers by JEL classification:
- O13 - Economic Development, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
- P28 - Economic Systems - - Socialist Systems and Transition Economies - - - Natural Resources; Environment
- Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
- N7 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services
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