The Energy Transition of the Transition Economies [electronic resource] : An Empirical Analysis / Fan Zhang
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TextPublication details: Washington, D.C., The World Bank, 2013Description: 1 online resource (24 p.)Subject(s): Climate Change Economics | Energy | Energy and Environment | Energy Demand | Energy Production and Transportation | Energy Productivity Convergence | Environment and Energy Efficiency | Index Decomposition | Manufacturing Energy Intensity | Trade | Eastern Europe and Central AsiaAdditional physical formats: Zhang, Fan: The Energy Transition of the Transition Economies:.Online resources: Click here to access online Abstract: The aggregate manufacturing energy intensity of 28 countries in Eastern Europe and Central Asia had declined by 35 percent during 1998-2008. This study reveals strong evidence of convergence: less efficient countries improved more rapidly and the cross-country variance in energy productivity narrowed over time. An index decomposition analysis indicates that energy intensities declined largely because of more efficient energy use rather than shifts from energy intensive to less intensive manufacturing activities. Income growth and energy price increases were the main drivers of the convergence. They dominated the impact of trade, which led to specialization in energy intensive industries.
The aggregate manufacturing energy intensity of 28 countries in Eastern Europe and Central Asia had declined by 35 percent during 1998-2008. This study reveals strong evidence of convergence: less efficient countries improved more rapidly and the cross-country variance in energy productivity narrowed over time. An index decomposition analysis indicates that energy intensities declined largely because of more efficient energy use rather than shifts from energy intensive to less intensive manufacturing activities. Income growth and energy price increases were the main drivers of the convergence. They dominated the impact of trade, which led to specialization in energy intensive industries.
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