Determinants of energy intensity in the European Union: A panel data analysis
Abstract
The aim of this article is to analyse the energy intensity in EU-28 member states for the period 1990-2012, establish its determinants, and estimate the size and statistical significance of the effect of each determinant on energy intensity. In order to achieve this, a panel data approach was designed for EU-28 member states. The estimated model showed that energy prices, energy taxes and GDP (gross domestic product) per capita have a negative influence on energy intensity, while the growth of gross inland consumption and final energy consumption per capita positively affect energy intensity. The biggest impact on energy intensity was estimated for the price of electricity, indicating that the level and structure of this determinant should be considered and used as a valuable energy policy tool for improving energy efficiency. This policy conclusion is also supported by the fact that Denmark, Germany and Italy have the highest share of energy taxes in the structure of the final electri...city price, and at the same time the lowest energy intensity.
Keywords:
Gross domestic product / European Union / Energy taxes / Energy prices / Energy intensity / Energy consumptionSource:
Energy, 2015, 92, 547-555Publisher:
- PERGAMON-ELSEVIER SCIENCE LTD, OXFORD
Funding / projects:
- European integrations and social and economic changes in Serbian economy on the way to the EU (RS-MESTD-Integrated and Interdisciplinary Research (IIR or III)-47009)
- Challenges and Prospects of Structural Changes in Serbia: Strategic Directions for Economic Development and Harmonization with EU Requirements (RS-MESTD-Basic Research (BR or ON)-179015)
DOI: 10.1016/j.energy.2015.07.011
ISSN: 0360-5442
WoS: 000367409300028
Scopus: 2-s2.0-84938153822
Collections
Institution/Community
Fakultet zaštite životne sredineTY - JOUR AU - Filipović, Sanja AU - Verbić, Miroslav AU - Radovanović, Mirjana PY - 2015 UR - https://redun.educons.edu.rs/handle/123456789/259 AB - The aim of this article is to analyse the energy intensity in EU-28 member states for the period 1990-2012, establish its determinants, and estimate the size and statistical significance of the effect of each determinant on energy intensity. In order to achieve this, a panel data approach was designed for EU-28 member states. The estimated model showed that energy prices, energy taxes and GDP (gross domestic product) per capita have a negative influence on energy intensity, while the growth of gross inland consumption and final energy consumption per capita positively affect energy intensity. The biggest impact on energy intensity was estimated for the price of electricity, indicating that the level and structure of this determinant should be considered and used as a valuable energy policy tool for improving energy efficiency. This policy conclusion is also supported by the fact that Denmark, Germany and Italy have the highest share of energy taxes in the structure of the final electricity price, and at the same time the lowest energy intensity. PB - PERGAMON-ELSEVIER SCIENCE LTD, OXFORD T2 - Energy T1 - Determinants of energy intensity in the European Union: A panel data analysis EP - 555 SP - 547 VL - 92 DO - 10.1016/j.energy.2015.07.011 UR - conv_859 ER -
@article{ author = "Filipović, Sanja and Verbić, Miroslav and Radovanović, Mirjana", year = "2015", abstract = "The aim of this article is to analyse the energy intensity in EU-28 member states for the period 1990-2012, establish its determinants, and estimate the size and statistical significance of the effect of each determinant on energy intensity. In order to achieve this, a panel data approach was designed for EU-28 member states. The estimated model showed that energy prices, energy taxes and GDP (gross domestic product) per capita have a negative influence on energy intensity, while the growth of gross inland consumption and final energy consumption per capita positively affect energy intensity. The biggest impact on energy intensity was estimated for the price of electricity, indicating that the level and structure of this determinant should be considered and used as a valuable energy policy tool for improving energy efficiency. This policy conclusion is also supported by the fact that Denmark, Germany and Italy have the highest share of energy taxes in the structure of the final electricity price, and at the same time the lowest energy intensity.", publisher = "PERGAMON-ELSEVIER SCIENCE LTD, OXFORD", journal = "Energy", title = "Determinants of energy intensity in the European Union: A panel data analysis", pages = "555-547", volume = "92", doi = "10.1016/j.energy.2015.07.011", url = "conv_859" }
Filipović, S., Verbić, M.,& Radovanović, M.. (2015). Determinants of energy intensity in the European Union: A panel data analysis. in Energy PERGAMON-ELSEVIER SCIENCE LTD, OXFORD., 92, 547-555. https://doi.org/10.1016/j.energy.2015.07.011 conv_859
Filipović S, Verbić M, Radovanović M. Determinants of energy intensity in the European Union: A panel data analysis. in Energy. 2015;92:547-555. doi:10.1016/j.energy.2015.07.011 conv_859 .
Filipović, Sanja, Verbić, Miroslav, Radovanović, Mirjana, "Determinants of energy intensity in the European Union: A panel data analysis" in Energy, 92 (2015):547-555, https://doi.org/10.1016/j.energy.2015.07.011 ., conv_859 .
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