University of Tasmania
Browse

File(s) under permanent embargo

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

journal contribution
posted on 2023-05-19, 23:25 authored by Nepal, R, Jamasb, T, Tisdell, CA
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.

History

Publication title

Applied Economics

Volume

46

Issue

33

Pagination

4125-4136

ISSN

0003-6846

Department/School

TSBE

Publisher

Routledge Taylor & Francis Ltd

Place of publication

4 Park Square, Milton Park, Abingdon, England, Oxfordshire, Ox14 4Rn

Rights statement

Copyright 2014 Taylor & Francis

Repository Status

  • Restricted

Socio-economic Objectives

Market-based mechanisms; Climate change mitigation strategies

Usage metrics

    University Of Tasmania

    Exports

    RefWorks
    BibTeX
    Ref. manager
    Endnote
    DataCite
    NLM
    DC