Market-related reforms and increased energy efficiency in transition countries: empirical evidence

Nepal, Rabindra, Jamasb, Tooraj and Tisdell, Clement Allan (2014) Market-related reforms and increased energy efficiency in transition countries: empirical evidence. Applied Economics, 46 33: 4125-4136. doi:10.1080/00036846.2014.952894


Author Nepal, Rabindra
Jamasb, Tooraj
Tisdell, Clement Allan
Title Market-related reforms and increased energy efficiency in transition countries: empirical evidence
Journal name Applied Economics   Check publisher's open access policy
ISSN 0003-6846
1466-4283
Publication date 2014-08-26
Year available 2014
Sub-type Article (original research)
DOI 10.1080/00036846.2014.952894
Volume 46
Issue 33
Start page 4125
End page 4136
Total pages 12
Place of publication Abingdon, Oxon, United Kingdom
Publisher Routledge
Language eng
Abstract Energy efficiency improvement is a desirable response to growing climate change and security of energy supply concerns. This article studies the impacts of a varied set of macro-level market-oriented reforms as well as structural change on economy-wide measure of energy efficiency across a group of the transition countries. These countries experienced a rapid marketization process, which, since the early 1990s, transformed their economies from central planning towards market-driven models. We use a bias-corrected fixed-effect analysis technique to estimate this effect for the period 1990 to 2010. The results suggest that reforms aimed at market liberalization, financial sector and most infrastructure industries drove energy efficiency improvements. We find significant differences in improvements in energy efficiency between transitional Central European and Baltic States, South East Europe ones and the Commonwealth of Independent States. The reasons for these differences are also discussed.
Keyword Market reforms
Energy efficiency
Transition countries
Institutions
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ
Additional Notes Published online 26 August 2014

Document type: Journal Article
Sub-type: Article (original research)
Collections: Official 2015 Collection
School of Economics Publications
 
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Created: Thu, 28 Aug 2014, 23:55:13 EST by Emeritus Professor Clement Tisdell on behalf of School of Economics