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Gross Domestic Product Energy Intensity Level as a Criterion for Evaluating the Energy Security of National Economy

Author

Listed:
  • Nadiia Pysar

    (Igor Sikorsky Kyiv Polytechnic Institute, Kyiv, Ukraine)

  • Dergachova Viktoria

    (Igor Sikorsky Kyiv Polytechnic Institute, Kyiv, Ukraine)

  • Olena Vynogradova

    (State University of Telecommunications, Kyiv, Ukraine)

  • Olga Guseva

    (Department of Enterprise Economics and Social Technologies, State University of Telecommunications, Ukraine.)

Abstract

The study deals with the dynamics of the actual Ukrainian gross domestic product (GDP), the level of its energy intensity as a criterion of evaluating the energy security of the national economy. The level of consuming fuel and energy resources in Ukraine for the last seven years was evaluated. The author built a correlation model of dependency of the actual Ukrainian GDP on total fuel consumption volume by Ukrainian industry, industrial production volume, degree of wear of fixed production assets, number of enterprises using advanced production technologies. National economic losses due to non-efficient use of fuel and energy resources were calculated on the basis of the correlation model. The pace of GDP increase was also calculated. The model of functional dependency of national economy energy efficiency on the level of actual Ukrainian GDP energy intensity and transfer from separate values to determinants was made by index method.

Suggested Citation

  • Nadiia Pysar & Dergachova Viktoria & Olena Vynogradova & Olga Guseva, 2020. "Gross Domestic Product Energy Intensity Level as a Criterion for Evaluating the Energy Security of National Economy," International Journal of Energy Economics and Policy, Econjournals, vol. 10(4), pages 424-429.
    • Handle: RePEc:eco:journ2:2020-04-53
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    References listed on IDEAS

    as
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    2. Apriani Soepardi & Pratikto Pratikto & Purnomo Budi Santoso & Ishardita Pambudi Tama & Patrik Thollander, 2018. "Linking of Barriers to Energy Efficiency Improvement in Indonesia’s Steel Industry," Energies, MDPI, vol. 11(1), pages 1-22, January.
    3. Esen, Ömer & Bayrak, Metin, 2017. "Does More Energy Consumption Support Economic Growth in Net Energy-Importing Countries?," Journal of Economics, Finance and Administrative Science, Universidad ESAN, vol. 22(42), pages 75-98.
    4. Nadiia Pysar, 2019. "Assessment of the Region s Energy Security Level in the Process of Formation of the Common European Energy Space," International Journal of Energy Economics and Policy, Econjournals, vol. 9(4), pages 149-157.
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    Cited by:

    1. Suyono Thamrin & Rita Ambarwati & Syaiful Hidayat, 2020. "The Strategies of West Java s Regional Energy Management To Support National Energy Security," International Journal of Energy Economics and Policy, Econjournals, vol. 10(6), pages 376-382.

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    More about this item

    Keywords

    GDP; correlation model; energy intensity; energy efficiency; economic losses; fuel and energy resources; strategy.;
    All these keywords.

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

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