Economic Crises and Energy Use: An Input-Output Analysis of Catalonia’s 2008–2014 Financial Crisis

Jaume Freire-González and Oliver Canosa

No 1405, Working Papers from Barcelona School of Economics

Abstract: The impact of economic crises on an economy’s energy consumption, considering its sectorial interactions, remains an unexplored area. For this article, we investigated the structural sectorial relationships in energy terms before, during, and after Catalonia’s 2008– 2014 financial crisis, using environmentally extended input-output analysis. We used three input-output tables from 2005, 2011, and 2014, for which we constructed and employed five vectors representing sectorial energy consumption (‘natural gas’, ‘coal’, ‘petroleum’, ‘electricity’, and ‘biomass and waste’) for 41 economic sectors. We studied the evolution of backward and forward linkage coefficients in terms of energy, as well as key sectors over this period. Our findings reveal that most sectors, particularly energy-intensive ones, experienced a reduction in both backward and forward linkages. However, the relative importance of sectors in the Catalan economy remained relatively stable, indicating a certain level of persistence in this indicator throughout the period, despite the economic crisis.

Keywords: financial crisis; energy use; environmentally extended input-output analysis; Key sectors; economic structure (search for similar items in EconPapers)
JEL-codes: C67 Q43 (search for similar items in EconPapers)
Date: 2023-09
New Economics Papers: this item is included in nep-ene, nep-ger and nep-hme
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://bse.eu/sites/default/files/working_paper_pdfs/1405.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bge:wpaper:1405

Access Statistics for this paper

More papers in Working Papers from Barcelona School of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Bruno Guallar (bruno.guallar@bse.eu).