Publication:
Nonresidential Demand for Energy and Technical Inefficiency in Southeastern Europe: Evidence from Firm-Level Data

Simple item page
dc.contributor.authorIimi, Atsushi
dc.date.accessioned2012-03-30T07:34:55Z
dc.date.available2012-03-30T07:34:55Z
dc.date.issued2010
dc.description.abstractRecent volatility in international energy prices has revealed Southeastern Europe as one of the most vulnerable regions to such external shocks. Under the current global economic downturn, in addition, the region's energy-intensive industries are faced with the challenge of weakening demand for their outputs. This paper casts light on the relation between the price and demand for energy. Based on firm-level data, it shows that the price elasticity of industrial energy demand is about -0.4 on average. There are a number of data issues in interpreting the results correctly, but Albania and Macedonia are systematically found to have a relatively elastic demand for energy on the order of -0.7 to -0.8. In these countries, therefore, price adjustments would be one of the effective policy options to balance demand with supply during the period of energy crisis. In other countries, the demand response would be much weaker; pricing cannot be the only solution. Other policy measures, such as facilitation of firm energy efficiency and improvements in the quality of infrastructure services, may be required.en
dc.identifier.citationEastern European Economics
dc.identifier.issn00128775
dc.identifier.urihttps://hdl.handle.net/10986/5864
dc.language.isoEN
dc.relation.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.rights.holderWorld Bank
dc.subjectEnergy: Demand and Supply Q410
dc.subjectEnergy and the Macroeconomy Q430
dc.titleNonresidential Demand for Energy and Technical Inefficiency in Southeastern Europe: Evidence from Firm-Level Dataen
dc.title.alternativeEastern European Economicsen
dc.typeJournal Articleen
dc.typeArticle de journalfr
dc.typeArtículo de revistaes
dspace.entity.typePublication
okr.doctypeJournal Article
okr.externalcontentExternal Content
okr.identifier.externaldocumentum939
okr.journal.nbpages76-104
okr.language.supporteden
okr.peerreviewAcademic Peer Review
okr.region.countryAlbania
okr.region.countryNorth Macedonia
okr.relation.associatedurlhttp://www.mesharpe.com/mall/results1.asp?ACR=EEE
okr.relation.associatedurlhttp://search.ebscohost.com/login.aspx?direct=true&db=eoh&AN=1132073&site=ehost-live
okr.volume48
relation.isAuthorOfPublicationeeef1beb-b651-587f-bb16-a47ff170a096
relation.isAuthorOfPublication.latestForDiscoveryeeef1beb-b651-587f-bb16-a47ff170a096
Files
Collections
Journal articles published externally