Analysis of Energy Capacity of the Russian Economy in the Regional Context

Yury Nikitovich Moseykin and Denis Leonidovich Paleev

European Research Studies Journal, 2019, vol. XXII, issue 4, 567-575

Abstract: Purpose: The purpose of this study is to consider options for adjusting primary reporting to clarify energy efficiency indicators. Design/Methodology/Approach: In particular, models based on the study of correlation of gross regional product with regional production factors are considered. This will make it possible to refine the actual output in the regional context. Findings: In comparison with the developed countries Russia essentially lags in the level of power consumption. For this reason, energy intensity is one of the priorities of the country's development. According to the data of Russian and international organizations, assessments of the state program of energy-saving implementation are very controversial, which does not allow making an objective conclusion about the achieved results. Practical Implications: For such assessments, methods of factor analysis of reasons for energy efficiency changes, which are difficult to implement in Russia, are widely used in the world. The reason for this is the low reliability of the initial data due to the peculiarities of obtaining them. As a result, there is an abnormal dispersion of data both throughout the country's economy and in the energy efficiency of regions. Originality/Value: A systematic analysis of the country’s energy efficiency problem also requires data from a regional perspective. It is here that the main difficulties are observed, caused by the impossibility of objectively linking production volumes to the actual location of energy resources used.

Keywords: Energy efficiency indicators; energy-saving; factor analysis. (search for similar items in EconPapers)
JEL-codes: J01 P18 P48 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:ers:journl:v:xxii:y:2019:i:4:p:567-575

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