Former Soviet Union countries and the European Union: Overcoming the Energy Efficiency Gap

Authors

  • Ольга Анатольевна Подкорытова St. Petersburg State University, 7–9, Universitetskaya nab., St. Petersburg, 199034, Russian Federation https://orcid.org/0000-0003-0823-6440
  • Юлия Владимировна Раскина European University in St. Petersburg, 6/1A, Gagarinskaya ul., St. Petersburg, 191187, Russian Federation https://orcid.org/0000-0002-4663-9008

Abstract

In this paper, we analyzed the FSU countries for energy intensity during 1995–2010. We figured out 3 clubs in GDP per capita. Two countries (Turkmenistan and Kyrgyzstan) have demonstrated divergence and were excluded from further analysis. We found evidence of β-convergence in income for every club pooled with EU13, wherein the convergence rate is higher for countries with a low level of development. We investigated the rate of convergence in energy intensity of GDP and identified factors that affect it. The convergence based on its own tendency to the average level EU13 energy intensity exists in almost all FSU countries. The convergence based on per capita GDP tendency to the average level of EU13 exists in almost all countries. In several countries one or both of these factors do not affect the speed of convergence. We provide possible explanations for this behaviour. Empirical results to a certain extent support the hypothesis that energy intensity of GDP in resource-rich countries declines more slowly than in the entire sample. Refs 23. Figs 3. Tables 3.

Keywords:

Club convergence, convergence, energy intensity, transitional economies, former USSR

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Author Biographies

Ольга Анатольевна Подкорытова, St. Petersburg State University, 7–9, Universitetskaya nab., St. Petersburg, 199034, Russian Federation

Candidate of Physical and Mathematical Sciences

Юлия Владимировна Раскина, European University in St. Petersburg, 6/1A, Gagarinskaya ul., St. Petersburg, 191187, Russian Federation

lecturer

References

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Translation of references in Russian into English

Вестник Санкт-Петербургского университета. Серия 5. Экономика. 2014. Вып. 2

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Published

2014-06-30

How to Cite

Подкорытова, О. А., & Раскина, Ю. В. (2014). Former Soviet Union countries and the European Union: Overcoming the Energy Efficiency Gap. St Petersburg University Journal of Economic Studies, (2), 106–121. Retrieved from https://economicsjournal.spbu.ru/article/view/1792

Issue

No. 2 (2014)

Section

Mathematical models in economics

License

Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.

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