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Modeling the Interdependence of the Economy and Power Industry Based on Multiplicative Two-Factor Functions

Author

Listed:
  • P. V. Druzhinin

    (Institute of Economics, Karelian Research Center of the Russian Academy of Sciences)

  • A. P. Shcherbak

    (Institute of Economics, Karelian Research Center of the Russian Academy of Sciences)

  • S. V. Tishkov

    (Institute of Economics, Karelian Research Center of the Russian Academy of Sciences)

Abstract

The paper has studied the change in the electric intensity of the Russian economy over the past 25 years. Equations have been constructed that correlate the electricity consumption with GDP (GVA for key economic sectors) and investment volume. The influence of structural changes and power consumption in particular sectors, as well as the modernization of the key economic sectors on the dynamics of the Russian economy electric intensity, has been identified.

Suggested Citation

  • P. V. Druzhinin & A. P. Shcherbak & S. V. Tishkov, 2018. "Modeling the Interdependence of the Economy and Power Industry Based on Multiplicative Two-Factor Functions," Studies on Russian Economic Development, Springer, vol. 29(3), pages 280-287, May.
    • Handle: RePEc:spr:sorede:v:29:y:2018:i:3:d:10.1134_s1075700718030036
    DOI: 10.1134/S1075700718030036
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    References listed on IDEAS

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