Analyzing of economic growth based on electricity consumption from different sources

Goran Maksimović, Valentina Milosavljević, Bratislav Ćirković, Božidar Milošević, Srđan Jović and Meysam Alizamir

Physica A: Statistical Mechanics and its Applications, 2017, vol. 484, issue C, 37-40

Abstract: Economic growth could be influenced by different factors. In this study was analyzed the economic growth based on the electricity consumption form different sources. As economic growth indicator gross domestic product (GDP) was used. ANFIS (adaptive neuro fuzzy inference system) methodology was applied to determine the most important factors from the given set for the GDP growth prediction. Six inputs were used: electricity production from coal, hydroelectric, natural gas, nuclear, oil and renewable sources. Results shown that the electricity consumption from renewable sources has the highest impact on the economic or GDP growth prediction.

Keywords: ANFIS; Gross domestic product; Electrical energy (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:484:y:2017:i:c:p:37-40

DOI: 10.1016/j.physa.2017.04.174

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