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The effect of energy prices on energy intensity improvement – the case of the chemical industry in the V4 countries

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  • Agnieszka Pach-Gurgul
  • Sławomir Śmiech
  • Marta Ulbrych

Abstract

The main objective of this study is to analyse the effect of energy prices on energy intensity in the chemical industry in the V4 countries during the period 1995–2016. For this purpose, based on a panel regression model, the relationships among variables of interest are assessed. The empirical results show the adverse effect of energy prices (electricity, gas and oil) on the energy intensity. Other variables analysed (employment, gross fixed capital formation and greenhouse gases emission) negatively impact energy intensity as well.

Suggested Citation

  • Agnieszka Pach-Gurgul & Sławomir Śmiech & Marta Ulbrych, 2021. "The effect of energy prices on energy intensity improvement – the case of the chemical industry in the V4 countries," Post-Communist Economies, Taylor & Francis Journals, vol. 33(5), pages 566-580, July.
    • Handle: RePEc:taf:pocoec:v:33:y:2021:i:5:p:566-580
    DOI: 10.1080/14631377.2020.1793605
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    Cited by:

    1. Agnes Horvath & Adrienn Takacsne Papp & L szl Molnar & Katalin Liptak & Zoltan Musinszki & Klara Szucsne Markovics, 2023. "Climate and Energy Issues of Energy-Intensive Sectors," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 25(64), pages 813-813, August.

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