A NOVEL APPROACH TO CHARACTERIZING THE RELATIONSHIP BETWEEN ECONOMIC GROWTH AND ENERGY CONSUMPTION

2021 ◽  
Vol 2021 (12) ◽  
pp. 57-70
Author(s):  
Danylo CHEREVATSKYI ◽  
◽  
Roman SMIRNOV ◽  
Keyword(s):  
Energy Consumption ◽  
Economic Performance ◽  
Wide Spectrum ◽  
Primary Energy ◽  
Original Method ◽  
Energy Resources ◽  
Economic Space ◽  
Novel Approach ◽  
National Economies ◽  
The Relationship

At the macroeconomic level, the consumption of primary energy resources is a deterministic factor of economic development, which justifies the relevance and importance of introducing an appropriate mathematical model. Using the tools of data-driven dynamical systems and Hamiltonian mechanics, we determine the relationship between energy costs and the distance traveled by a particular national economy in the economic space. The basis for the calculations is the time series describing the evolution of a cumulative GDP, recalculated according to the original method from monetary units to linear geometric dimensions, and energy resources consumed over a fixed period of time. The relevance of the mathematic relationships so obtained is verified by comparing the model predictions with the empirical data produced by four national economies, namely those of Canada, Poland, Russia, and Ukraine. In all of the four cases the model demonstrated a nearly perfect fit to the actual data. The approach via approximation the evolutions of economic performance and energy consumption by parabolas proposed in the article lies the groundwork for developing a general theory that may be employed to analyze economic performance of a wide spectrum of national economies and world regions.

scholarly journals Quality of Life Dependence on Energy Consumption: Intercountry Variations

2020 ◽  
pp. 144-157 ◽  
Author(s):  
D.Yu. CHEREVATSKYI
Keyword(s):  
Quality Of Life ◽  
Cluster Analysis ◽  
Sustainable Development ◽  
Energy Consumption ◽  
High Energy ◽  
Primary Energy ◽  
Energy Resources ◽  
Healthy Life ◽  
National Economies

The unity and struggle of opposites in the context of quality of life determines the use of primary energy resources, whether fossil or alternative sources, which is related to the state of the environment. An effective policy for the sustainable development of mankind requires the consumption of large amounts of energy to make life dignified, and the strict limitation of the consumption of energy to protect the environment. Th e purpose of the article is to determine the dependence of the quality of life of the population on the consumption of primary energy resources in national economies. Th e novelty of the research lies in the comparison of the quality of life of the population in national economies with the consumption of primary energy resources; application of the indicator of lost years of healthy life as a measure of the quality of life of the population; introduction of concepts of density of lost years of healthy life and ecological density (the ratio of the national value of Footprint to the energy resources consumption). Research methods. Th e work is based on the use of the Global Disease Burden project methodology; comparative research, mathematical statistics (regression and cluster analysis); mathematical modelling. Th e uneven specific consumption of energy resources in national economies of different types is proved based on cluster analysis results, it is found that industrial countries consume more energy than countries with warm climates, but less than developed countries, high energy consumption reduces the number of lost years of active life, but greatly increases the size of ecological Footprint. Th e phenomenon of peninsulas in quality of life is demonstrated, the density of lost years of healthy life and ecological density in national economies in relation to primary energy consumption is analyzed, the significant non-linearity of dependencies is proved, and it is shown that meeting the requirements of sustainable development is impossible without deteriorating the quality of life of countries with population that consumes a lot of energy, but under the conditions of exponential characteristics of the development deterioration is unlikely to be catastrophic.

Power System for Beautiful China

2021 ◽  
Vol 144 ◽  
pp. 14-21
Author(s):  
Vladimir P. Polevanov ◽  
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Natural Gas ◽  
Power System ◽  
Renewable Energy Sources ◽  
Primary Energy ◽  
Energy Resources ◽  
Energy Sources ◽  
Primary Energy Consumption ◽  
Leading Position

The growth in primary energy consumption in 2019 by 1.3% was provided by renewable energy sources and natural gas, which together provided 75% of the increase. China in the period 2010–2020 held a leading position in the growth of demand for energy resources, but according to forecasts, India will join it in the current decade.

scholarly journals Environmental and socioeconomic assessment of textile products consumption in Brazil - relationships with international trade

2021 ◽  
pp. 29-43
Author(s):  
Alessandra Giacomin ◽  
Sergio Almeida Pacca
Keyword(s):  
International Trade ◽  
Energy Consumption ◽  
Textile Industry ◽  
World Economy ◽  
Primary Energy ◽  
Environmental Aspects ◽  
The World ◽  
Indirect Impacts ◽  
The Relationship ◽  
Textile Products

Textile products drive a significant portion of the world economy, providing jobs, and being present in every aspect of our lives in all countries around the world. However, in its production, issues related to environmental and social pressures emerge. Taking into consideration the growing concern related to environmental and social impacts, it is necessary to address the issue of emissions generated indirectly by the sectors that supply the textile industry. This work has carried out an environmental and socioeconomic assessment of the consumption of textile products in Brazil, considering the relationship with international trade. The methodology used was the Multi-Regional Input-Output (MRIO) analysis, and the database used was Exiobase 3, for the year 2011. It was possible to conclude that most of the indirect impacts related to the textile industry are domestically generated. In the category of climate change and primary energy consumption, the sector that stood out was natural gas, with 51% of CO2 emissions and 33% of energy consumption. The largest share of indirect jobs is generated in the commercial sector with 34%, and the largest number of indirect employees are male with medium skill level, which represents 33%, followed by workers from the vulnerable class (self-employed) with 27%. Based on this analysis, it was possible to identify the greatest limitations related to socio-environmental aspects and the possible solutions to be adopted for this sector.

scholarly journals The nexus of tourism spending with economic performance: A panel data analysis for the Eurozone area

2021 ◽  
Vol 25 (1) ◽  
pp. 53-62
Author(s):  
Ageliki Anagnostou ◽  
George Ekonomou ◽  
Dimitris Kallioras
Keyword(s):  
Data Analysis ◽  
Panel Data ◽  
Economic Performance ◽  
Panel Data Analysis ◽  
Centrifugal Forces ◽  
Economic Space ◽  
Analysis Techniques ◽  
Long Run ◽  
The Relationship ◽  
Long Run Equilibrium

The paper investigates the nexus of tourism spending (i.e. leisure and business tourism spending) with economic performance (i.e. GDP and employment) for the Eurozone countries, during the period 2000-2018, employing sophisticated panel data analysis techniques. The issue is salient, given that within the Eurozone economic space the abolition of border impediments has released dynamics and brought into surface a new mix of opportunities, threats and challenges that has been changing the balance between centripetal and centrifugal forces. The findings of the paper identify the long-run equilibrium and confirm the bi-directional relationships among the variables considered, thus contributing to the discussion on the relationship between tourism and economic performance.

scholarly journals The Relationship between Primary Energy Consumption and Real Gross Domestic Product: Evidence from Major Asian Countries

2020 ◽  
Vol 12 (6) ◽  
pp. 2568 ◽  
Author(s):  
Wen-Chi Liu
Keyword(s):  
Energy Consumption ◽  
South Korea ◽  
Gross Domestic Product ◽  
Causal Relationship ◽  
Primary Energy ◽  
Primary Energy Consumption ◽  
Real Gross Domestic Product ◽  
Real Gdp ◽  
The Relationship ◽  
Growth Hypothesis

This study examines the relationship between primary energy consumption (PEC) and real gross domestic product (real GDP) in the top four major energy consumers in Asia, namely, China, India, Japan, and South Korea. The study period is from 1982–2018, covering 37 years of data after the second oil crisis (1979–1981). Bootstrap panel Granger causality method is applied to examine the causal relationship between PEC and real GDP. This method is capable of controlling cross-sectional dimension and cross-country heterogeneity. In addition, few studies investigate the relevance of real GDP to energy consumption, although real GDP adjusted by inflation provides an accurate picture of a country’s economic situation. Our results contribute to existing literature in the field of PEC and real GDP. Through rigorous empirical research, we derive the main conclusion as follows. The real GDP and PEC of the top four energy consumers in Asia seem to be affected by the burst of the speculative Internet bubble from 2000–2001. Therefore, this study divides the research period into three periods: 1982–2018, 1982–2001, and 2002–2018. During the 1982–2018 period, an independent causal relationship is observed between real GDP and PEC for all four countries, thus supporting the neutrality hypothesis. During the 1982–2001 period, a unidirectional causal relationship running from PEC to real GDP is observed, thus supporting the energy growth hypothesis. Moreover, the coefficient is significantly negative in India; that is, PEC constrains economic development. Thus, the Indian government should reform its energy efficiency and consumption technologies to reduce energy waste. During the 2002–2018 period, an independent causal relationship is observed between real GDP and energy consumption for all four countries, thus supporting the neutrality hypothesis. This study then changes real GDP into nominal GDP and finds a unidirectional causal relationship running from PEC to nominal GDP in South Korea, thus supporting the growth hypothesis. A unidirectional causal relationship is also observed running from nominal GDP to PEC in India, thus supporting the energy conservation hypothesis. As mentioned above, we find that the relationship between PEC and real GDP adjusted by the GDP deflator is weaker than that between PEC and nominal GDP. Nominal GDP strengthens its relationship with PEC through the effect of prices for all the goods and services produced in an economy.

scholarly journals Is the globalization influencing the primary energy consumption? The case of Latin America and Caribbean countries

2017 ◽  
Vol 12 (33) ◽  
pp. 57-67
Author(s):  
Matheus Koengkan
Keyword(s):  
Latin America ◽  
Energy Consumption ◽  
Positive Impact ◽  
Primary Energy ◽  
Primary Energy Consumption ◽  
Long Run ◽  
Negative Effect ◽  
Auto Regressive ◽  
Latin America And Caribbean ◽  
The Relationship

This article investigates the relationship between globalization and primary energy consumption in twelve Latin America and Caribbean countries from 1991 to 2012 using the auto-regressive distributive lag (ARDL) methodology. The elasticities results showed that increase of 1% on index globalization exerts a positive impact of 0.4449 % above the primary energy consumption. The variables gross domestic product (GDP) and dioxide carbon emissions (CO2) exert a positive impact in short and long-run, as well as the variable capital account openness has a negative effect in long-run.

scholarly journals Public Health, Quality of Life and Energy Consumption in Ukraine’s Regions

2019 ◽  
pp. 63-66
Author(s):  
Danylo Chertvatskyi
Keyword(s):  
Public Health ◽  
Quality Of Life ◽  
Energy Consumption ◽  
Primary Energy ◽  
Energy Resources ◽  
The Third ◽  
Health Quality ◽  
Health Quality Of Life ◽  
Regional Product

With the methods of mathematical analysis for five indicators, including the specific consumption of primary energy resources, the specific output of the gross regional product, the years of potential life lost due to premature death, the share of industry in fuel consumption, the number of people, the regions of Ukraine were divided into five clusters. The indicator of the lost years of potential life is used as a criterion for the quality of life: the lower its value, the higher the level of quality of life. The volume of gross regional product is proposed to be calculated in Big Macs, by analogy with the method proposed by ‘The Economist’ magazine to recalculate national indicators for purchasing power parity. It was established that the regions included in the third cluster, Dnipropetrovsk and Donetsk, with the largest primary energy consumption per person, and seven regions from the second cluster, characterized by relatively low energy consumption, have a statistically insignificant difference in the number of years of potential life lost, the largest in the sample. The revealed feature can be explained by the fact that regions from the second cluster do not consume enough primary energy resources, while regions from the third cluster are under negative environmental impact and, moreover, are forced to spend an overwhelming amount of energy resources to maintain a powerful industrial sector. So, in 2011, the economic activity of the Dnipropetrovsk region led to the formation of 62% of waste from the national volume, the share of the Donetsk region was 14%. The share of industry in the consumption of fuel resources in the Donetsk region, according to statistics is 98%. The obtained results indicate a significant impact of energy consumption on indicators of public health and the quality of life of the population of the Ukrainian regions. The influence of the nomenclature of energy carriers, the quantity and composition of waste resulting from economic activity require a detailed study in the context of establishing the living standards of the population. Keywords public health, quality of life, energy consumption, regions, clusters.

scholarly journals The impact of energy consumption on quality of life in the world: methodological aspects of evaluation

2020 ◽  
Vol 184 (7-8) ◽  
pp. 29-37
Author(s):  
Olena Makarova ◽  
◽  
Tetiana Kalashnikova ◽  
Iryna Novak ◽  
◽  
...  
Keyword(s):  
Quality Of Life ◽  
Energy Consumption ◽  
Human Development ◽  
Primary Energy ◽  
Primary Energy Consumption ◽  
High Quality ◽  
The World ◽  
Low Levels ◽  
The Relationship

The high quality of life in the modern sense is directly related to energy consumption and associated with the provision of «clean» food products and environment, comfortable housing, public and private transport. Increasing the availability of energy for the developing countries allows their residents to live longer and more comfortably. At the same time, in the developed European countries with high quality of life, energy consumption is decreasing due to the implementation of energy efficiency and energy saving policies. The Human Development Index, the world’s best-known and most widely used integrated assessment of quality of life, does not include energy consumption indicators. The aim of our research is to study the relationship between energy consumption and quality of life, and prove the need to consider energy consumption indicators in order to improve the methodology framework for assessing quality of life. Using the method of cluster analysis, 77 countries of the world are grouped according to a set of indicators that characterize income, energy consumption, use of renewable energy sources, and CO2 emissions. As a result, the relationship between the level of human development, which is a universal characteristic of quality of life, and these indicators was identified and evaluated. It has been proved that the most prosperous countries in terms of quality of life and energy use are those in which relatively low indicators of primary energy consumption and CO2 emission are combined with high incomes and human development level. The progressive structure of energy consumption ensures the achievement of a higher quality of living, while high energy consumption is not a sufficient condition for this. Against the background of low levels of total primary energy consumption and GDP per capita, CO2 emissions, as well as a low share of renewable energy in total energy consumption, high quality of life is present mainly in the «new» EU member states, which provide it through rational energy consumption. The average level of human development is inherent in a group of countries of the former USSR (which includes Ukraine), as well as some countries in Latin America, the Middle East and Southeast Asia. At the same time, countries such as China and South Korea are reducing energy consumption owing to technological progress and have a positive dynamics of human development indicators. Instead, low levels of energy consumption in the former Soviet Union and Latin America are due to insufficient sustainability of economic and social development, human development in particular. The obtained results substantiate the need to improve the methodology for assessing the quality of life taking into consideration energy consumption indicators.

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