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Macroeconomic, Sectoral and Fiscal Consequences of Decreasing Energy Intensity in the Polish Economy

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  • Michał Antoszewski

Abstract

The aim of this paper is to assess the implications of an ongoing improvement in the energy efficiency of the Polish economy. Poland is among countries that have been leading the way in reducing energy intensity in recent decades. A counterfactual analysis conducted in this study is based on a computable general equilibrium (CGE) model called GEMPOL and captures six dimensions: the overall economic activity level; the industry pattern of output; the product pattern of foreign trade; energy-related expenditures; the quantity of energy used; and the revenue and expenditure of the public finance sector. An accompanying sensitivity analysis underlines the positive relationship between the expected economic effects of improved energy efficiency and the assumed scale of such technological progress, as well as the positive relationship between the magnitude of those consequences and the assumed substitution elasticity values. The obtained results can constitute an important contribution to a scholarly debate on the long-term impacts of decreasing per-unit energy use on the characteristics of Poland’s economy and resulting policy challenges.

Suggested Citation

  • Michał Antoszewski, 2020. "Macroeconomic, Sectoral and Fiscal Consequences of Decreasing Energy Intensity in the Polish Economy," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 3, pages 53-81.
    • Handle: RePEc:sgh:gosnar:y:2020:i:3:p:53-81
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    Cited by:

    1. Valeria Jana Schwanitz & Tadeusz Józef Rudek & Wit Hubert & August Hubert Wierling, 2022. "The Development of Citizen-Installed Renewable Energy Capacities in Former Eastern Bloc Countries—The Case of Poland," Energies, MDPI, vol. 15(7), pages 1-29, April.

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    More about this item

    Keywords

    energy efficiency; energy intensity; computable general equilibrium;
    All these keywords.

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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