Changes in Energy Consumption, Economic Growth and Aspirations for Energy Independence: Sectoral Analysis of Uses of Natural Gas in Ukrainian Economy

Olexandr Yemelyanov, Anastasiya Symak, Tetyana Petrushka, Olena Zahoretska, Myroslava Kusiy, Roman Lesyk and Lilia Lesyk
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Olexandr Yemelyanov: Department of Business Economics and Investment, Institute of Economics and Management, Lviv Polytechnic National University, 5 Metropolian Andrey str., Building 4, 79005 Lviv, Ukraine
Anastasiya Symak: Department of Business Economics and Investment, Institute of Economics and Management, Lviv Polytechnic National University, 5 Metropolian Andrey str., Building 4, 79005 Lviv, Ukraine
Tetyana Petrushka: Department of Business Economics and Investment, Institute of Economics and Management, Lviv Polytechnic National University, 5 Metropolian Andrey str., Building 4, 79005 Lviv, Ukraine
Olena Zahoretska: Department of Business Economics and Investment, Institute of Economics and Management, Lviv Polytechnic National University, 5 Metropolian Andrey str., Building 4, 79005 Lviv, Ukraine
Myroslava Kusiy: Department of Applied Mathematics and Mechanics, Institute of Civil Defense, Lviv State University of Life Safety, 35, Kleparivska St., 79007 Lviv, Ukraine
Roman Lesyk: Danylo Halytsky Lviv National Medical University, Department of Pharmaceutical, Organic and Bioorganic Chemistry, Pekarska 69, 79010 Lviv-10, Ukraine
Lilia Lesyk: Department of Business Economics and Investment, Institute of Economics and Management, Lviv Polytechnic National University, 5 Metropolian Andrey str., Building 4, 79005 Lviv, Ukraine

Energies, 2019, vol. 12, issue 24, 1-34

Abstract: The main objective of the research is to assess the ability of the Ukrainian economy and its individual industries to ensure, in the conditions of economic growth, a stable reduction of natural gas consumption and, consequently, to reduce dependence on its imports. Six types of relationships were identified between the change in sectoral added value and the change in the consumption of certain energy resources, in particular natural gas. The conditions are established under which the growth of sectoral added value is accompanied by a decrease in the consumption of certain energy resources. The index of sectoral efficiency of the use of certain energy resources was proposed and a model of the decomposition of the growth rate of this indicator was constructed. Quantitative indicators of measuring economic barriers on the way to introduction of energy-saving technologies are presented. Conditions under which economic growth is accompanied by a decrease in the level of dependence of the economy on imports of energy resources are modeled. The dynamics of natural gas consumption by sectors of the Ukrainian economy is analyzed. It is proved that reduction of natural gas consumption due to increased energy efficiency occurs mainly in industries with an average value of share of the cost of purchasing this energy in the total operating expenses. An estimation is undertaken of the possibility of achieving independence of the Ukrainian economy from the import of natural gas in different scenarios of changing main parameters that determine the probability of such an achievement.

Keywords: economic growth; energy consumption; energy independence; natural gas; energy saving (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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