Energy efficiency as a determinant of the country's energy security and competitiveness of the national economy

U. Pys'menna V. Lier

Economy and Forecasting, 2009, issue 1, 35-52

Abstract: The authors consider the global tendencies in energy provision and dynamics of energy prices. They analyze energy efficiency as a factor decreasing the vulnerability of the economic sectors to changes in the conjuncture of the energy markets, in particular, to the in-crease in gas prices. The shares of gas cost in the structure of commercial production are analyzed as well as the possibilities to mitigate the negative impact of the increase in gas prices on the sectors' competitiveness. The authors establish that some economic sectors, despite the negative forecasts, have been fairly resistant to the appreciation of energy materials, mainly thanks to the implementation of energy-saving measures and favorable conjuncture on their outlets.

Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:eip:journl:y:2009:i:1:p:35-52

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