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Energy Consumption in Transitional Economies: Jevons' Paradox for Romania, Bulgaria, Hungary, and Poland (Part I)

Author

Listed:
  • Polimeni, John M

    (Assistant Professor of Economics, Department of Pharmacy Practice, Albany College of Pharmacy, 106 New Scotland Avenue, Albany, NY 12208, United States of America)

  • Iorgulescu Polimeni, Raluca

    (Assistant Professor of Economics, Department of Economics, Siena College, 515 Loudon Road, Loudonville, NY 12211, United States of America)

Abstract

In this paper, we argue that improved energy efficiency leads to increased consumption of energy for the transitional economies of Romania, Bulgaria, Poland, and Hungary. The concept that energy consumption increases with improved energy efficiency is known as Jevons’ Paradox. We will provide some evidence that Jevons’ Paradox may exist for the four study countries and discuss why this result may be occurring. Analysis of this kind is vital because it could enable policy-makers to develop national energy strategies that would account for the stages of economic development that their countries reached. For two of these countries, Romania and Bulgaria, the results provided in the paper have strong policy implications as these countries must meet European Union standards as they are admitted into the community.

Suggested Citation

  • Polimeni, John M & Iorgulescu Polimeni, Raluca, 2007. "Energy Consumption in Transitional Economies: Jevons' Paradox for Romania, Bulgaria, Hungary, and Poland (Part I)," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 4(3), pages 63-80, September.
    • Handle: RePEc:rjr:romjef:v:4:y:2007:i:3:p:63-80
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    References listed on IDEAS

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    Cited by:

    1. Luisanna Onnis & Patrizio Tirelli, 2010. "Challenging the popular wisdom. New estimates of the unobserved economy," Working Papers 184, University of Milano-Bicocca, Department of Economics, revised Apr 2010.

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    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • N7 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services

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