The Energy Transition of the Transition Economies : An Empirical Analysis
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 c...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2013/03/17458288/energy-transition-transition-economies-empirical-analysis http://hdl.handle.net/10986/13189 |
| Summary: | 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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