FACTORS INFLUENCING CHANGES IN AGGREGATE ENERGY CONSUMPTION. AN EUROPEAN CROSS-COUNTRY ANALYSIS

P. Fernández-González, M. Landajo and M.J. Presno

Regional and Sectoral Economic Studies, 2013, vol. 13, issue 2, 18-30

Abstract: A number of previous papers have proposed index-based methods to decompose the change of an aggregate indicator into a series of predefined factors. These approaches range from classical techniques, including Laspeyres/Paasche index-based weighting schemes, to more refined proposals. In this paper we outline and apply a refined method (so-called LMDI), which is exhaustive and uses logarithmic mean weighting. The LMDI framework is then used to decompose the variation of aggregate energy consumption in the EU-27 countries. The decomposition is carried out into three factors, namely, activity, structural and intensity.

Date: 2013
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