The Economic and Social Impact of Increasing Electricity Prices: Estimates, Analysis and Predictions

Stelian Stancu, Alexandru Isaic-Maniu, Constanţa-Nicoleta Bodea (), Mihai Sabin Muscalu and Andreea Gabriela Capbun
Additional contact information
Stelian Stancu: Bucharest University of Economic Studies
Alexandru Isaic-Maniu: Centre for Industry and Services Economics, ‘Costin C. Kiritescu’ National Institute for Economic Research, Romanian Academy
Constanţa-Nicoleta Bodea: Bucharest University of Economic Studies
Mihai Sabin Muscalu: Centre for Industry and Services Economics, ‘Costin C. Kiritescu’ National Institute for Economic Research, Romanian Academy
Andreea Gabriela Capbun: Bucharest University of Economic Studies

Chapter Chapter 10 in Crisis after the Crisis: Economic Development in the New Normal, 2023, pp 135-144 from Springer

Abstract: Abstract The current global energy crisis highlights the need to continue investigating the impact of energy prices on the budget of different types of consumers, by using appropriate modeling methods to substantiate the economic policies. The paper presents a research conducted by the authors, based on a case study structured in two parts: the first part aims to capture the dependencies between the electricity market, on the one hand, and the industry and construction sectors, on the other hand, but also the impact felt by the final consumer in relation to changes in the electricity market. The second part of the study aims to complete the conclusions obtained in the first part of the case study with the analysis of the indicators with monthly frequency to compare between energy price levels in different European Union (EU) countries and Romania, and to quantify the relations between imports, exports, net exports, supply, respectively the total production of electricity and the price of a kilowatt-hour of electricity. Finally, the authors characterise how changes in electricity prices might influence the following macroeconomic aggregates: gross added value at economy level and different economic sectors, gross domestic product, population consumption, government consumption, investment, trade balance.

Keywords: Electricity; Price; Economic impact; Social impact; Population consumption (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-031-30996-0_10

Ordering information: This item can be ordered from
http://www.springer.com/9783031309960

DOI: 10.1007/978-3-031-30996-0_10

Access Statistics for this chapter

More chapters in Springer Proceedings in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().