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Defining, measuring and ranking energy vulnerability

Andrea Gatto () and Francesco Busato ()
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Francesco Busato: University of Naples “Parthenope”, Postal: Department of Economic and Legal Studies (DISEG), Via Generale Parisi 13, Palazzo Pacanowski, Napoli, Italy

CREATES Research Papers from Department of Economics and Business Economics, Aarhus University

Abstract: Vulnerability is reaching an increasing attention from both academia, international community and industry, being detected as a pillar of the development agenda. If the formal definition of overall vulnerability and resilience is still flawed in the economic literature, the measurement and mainstreaming of outlying characteristics and sound policies for energy vulnerability results almost uncovered, often overlapping with other energy issues. Energy vulnerability also results poorly enforced by regulatory, governmental, and legislative systems. After reviewing and furnishing a univocal ambient merging the multiple interpretations on such concepts, this work: i) defines energy vulnerability; ii) builds a composite indicator to measure energy vulnerability; and iii) analyzes and ranks OECD and non-OECD countries in terms of energy vulnerability. The regulatory framework, SDGs and the development agenda are examined, selected indicators from the WB’s WDI are analyzed. The indicator is weighted by a multivariate analysis and its robustness is checked through different techniques.

Keywords: energy vulnerability; composite indicators; PCA (search for similar items in EconPapers)
JEL-codes: C38 C43 O13 Q48 (search for similar items in EconPapers)
Pages: 13
Date: 2019-01-24
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