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Institutional Determinants Of Assessing Energy Efficiency Gaps In The National Economy

Journal: SocioEconomic Challenges (SEC) (Vol.4, No. 1)

Publication Date:

Authors : ;

Page : 122-128

Keywords : energy balance; renewables; energy gap; corruption; governance;

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The article examines approaches to the analysis of the factors that influence the energy efficiency gap in the national economy. In the study, the energy gap is defined as the difference between capacity and current energy production in the country. In order to study the main trends in the development of the theory of energy efficiency and energy conservation, a bibliometric analysis was carried out (using VOSViewer v.1.6.10 toolkit), the object of which was 1428 scientific articles in publications indexed by the Scopus scientometric database. Note that in 2019, scientists published 1.5 times more work on this issue compared to 2005. The results of the bibliometry analysis revealed five clusters of scientists who have investigated the problems of linking institutional determinants to the country's lack of electricity. The research hypothesis is to test the impact of institutional determinants on the energy gap in the national economy. To assess the institutional determinants, the author proposes to use the following indicators of public administration effectiveness: “rule of law”, “government efficiency”, “political stability and the absence of violence/terrorism”, “quality of regulatory activity” and “fight against corruption”. The source of the statistical information collection was the Worldwide Governance Indicator's global international research reports and Eurostat data. A methodological toolkit for the study is the Pedroni cointegration test and the least squares method. In the framework of the study, the calculations were made using EViews 11. The EU and Ukraine became the object of the study, 2009-2018 being the analysis period. The results confirmed the statistically significant impact of institutional determinants on the energy efficiency gap in the national economy. Thus, increasing government effectiveness and political stability by 1 mind. units leads to a reduction in the energy efficiency gap of 0.47 and 0.54 dm. units in accordance. It has been empirically proven that improving the quality of regulatory activity and improving the rule of law in Ukraine is one mind. units causes energy efficiency gains of 0.34 and 0.41 dm. units in accordance. The results of the study can be used by state and local authorities to improve energy efficiency and energy efficiency in the country.

Last modified: 2020-04-07 01:27:17