Decomposition Analysis of Energy Consumption in Thailand, 1990-2020

Atit Tippichai
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Atit Tippichai: Department of Architecture and Planning, School of Architecture, Art and Design, King Mongkut s Institute of Technology Ladkrabang, Bangkok, Thailand.

International Journal of Energy Economics and Policy, 2022, vol. 12, issue 4, 10-14

Abstract: Thailand is a net energy importer that has steadily increased the demand for energy over the past several decades. But there has not been a systematic analysis of the energy demand change factors. Therefore, a decomposition analysis was applied to determine the major factor causing the change in energy use during the years 1990-2020. The analysis covered a regional financial crisis known in Thailand as the Tom Yum Kung crisis in 1997-1998 and a global pandemic COVID-19 in 2020 onwards. The analysis results showed that the value-added of economic sectors is the most important factor with requiring more energy, while energy intensity is the second most important factor in reducing energy consumption. Therefore, increasing the value-added of productions and enhancing the energy efficiency more stringent will lead to a decoupling of energy consumption against GDP and a sooner peak demand of energy in Thailand.

Keywords: decomposition analysis; energy consumption; economic structure; value-added; energy intensity; Thailand (search for similar items in EconPapers)
JEL-codes: C41 O14 P28 P51 Q43 (search for similar items in EconPapers)
Date: 2022
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