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LMD1 decomposition of the changes in the industrial energy consumption in the Czech Republic

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HAJKO Vladimír

Rok publikování 2013
Druh Článek ve sborníku
Konference Mathematical Methods in Economics 2013
Fakulta / Pracoviště MU

Ekonomicko-správní fakulta

Citace
www https://mme2013.vspj.cz/about-conference/conference-proceedings
Obor Ekonomie
Klíčová slova LMD1; Energy; Energy consumption; Industry
Popis This article applies logarithmic mean Divisia index decomposition method to analyze the changes in the energy consumption of the industrial sector in the Czech Republic, EU-27, EU-15 and EU-12 during the period of 1997 to 2009. The results indicate several differences between the EU-12 and EU-15 countries. The major differences are: the magnitude of the activity effect; how influential was the period of the recession for the energy consumption in the respective groups; the amount of reduction in the energy consumption and the development of the energy intensity effect in the period of crisis.
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