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Energy Consumption and GDP in Market and Transitional Economies

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Author Info
Ageeva Svetlana ()
Suslov Nikita ()
Abstract

A cross-country analysis of factors affecting the levels of the energy intensity of production in the countries with both the market and the transitional economies is provided. Climatic conditions, variables of institutional environment, production structure variations and evaluations of unofficial economy shares are involved into consideration. These variables turned out to be significant when explaining the differences of energy intensity. We construct regressions for both the values of absolute levels and their time change indices involving 1993, 1995, 1996 and 2000 statistics. We show that the quality of institutional environment directly affects the process of energy consumers' adjustment to energy price changes: the higher is the institutions' quality the more effective are the measures aimed at the energy conservation. The samples used include up to 117 economies.

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Paper provided by EERC Research Network, Russia and CIS in its series EERC Working Paper Series with number 05-05e.

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Date of creation: 01 Apr 2005
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Handle: RePEc:eer:wpalle:05-05e

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Related research
Keywords: Russia; energy intensity; institutions; prices; unofficial economy;

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Find related papers by JEL classification:
C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
E26 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Informal Economy; Underground Economy
O13 - Economic Development, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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    Other versions:
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    Other versions:
  5. Kaufmann, Daniel & Kraay, Aart & Zoido-Lobaton, Pablo, 1999. "Governance matters," Policy Research Working Paper Series 2196, The World Bank. [Downloadable!]
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    Other versions:
  7. Krueger, Gary & Ciolko, Marek, 1998. "A Note on Initial Conditions and Liberalization during Transition," Journal of Comparative Economics, Elsevier, vol. 26(4), pages 718-734, December. [Downloadable!] (restricted)
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  10. Anil Markandya & Suzette Pedroso & Dalia Streimikiene, 2004. "Energy Efficiency in Transition Economies: Is There Convergence Towards the EU Average?," Working Papers 2004.89, Fondazione Eni Enrico Mattei. [Downloadable!]
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  13. A. Chong & C. Calderón, 2000. "Causality and Feedback Between Institutional Measures and Economic Growth," Economics and Politics, Blackwell Publishing, vol. 12(1), pages 69-81, 03. [Downloadable!] (restricted)
  14. de Melo, Martha & Denizer, Cevdet & Gelb, Alan & Tenev, Stoyan, 1997. "Circumstance and choice : the role of initial conditions and policies in transition economies," Policy Research Working Paper Series 1866, The World Bank. [Downloadable!]
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  18. Friedrich Schneider & Dominik H. Enste, 2000. "Shadow Economies: Size, Causes, and Consequences," Journal of Economic Literature, American Economic Association, vol. 38(1), pages 77-114, March. [Downloadable!] (restricted)
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