Evaluation of the Adaptability of the Ukrainian Economy to Changes in Prices for Energy Carriers and to Energy Market Risks
| Autor: | Roman Lesyk, Olexandr Yemelyanov, Tetyana Petrushka, Lilia Lesyk, Anastasiya Symak |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2018 |
| Předmět: |
Control and Optimization
020209 energy Ukrainian media_common.quotation_subject Energy Engineering and Power Technology 02 engineering and technology lcsh:Technology Adaptability Profit (economics) price changes energy saving 0202 electrical engineering electronic engineering information engineering Economics Energy market Electrical and Electronic Engineering Engineering (miscellaneous) energy carriers media_common Energy carrier Renewable Energy Sustainability and the Environment lcsh:T Economic sector prices for energy resources adaptability language.human_language Economy energy markets language risks Energy (miscellaneous) |
| Zdroj: | Energies, Vol 11, Iss 12, p 3529 (2018) Energies Volume 11 Issue 12 |
| ISSN: | 1996-1073 |
| Popis: | The methodological framework for assessing adaptability of the economy to changes in energy prices and risks to energy markets was developed. The study proposes indicators for assessing the level of adaptability of the economic sectors to changes in prices for energy carriers and to risks of energy markets. The model of decomposition of adaptability level of the economy sectors to changes in energy prices has been developed. The theoretical and empirical analysis of the influence of energy prices on adaptability level of enterprises and households is carried out. Based on the empirical analysis, it was found that adaptability level of the sectors of Ukrainian economy significantly differs both in the years of the investigated period and in sectors of the economy. At the same time, most indicators of the level of adaptability vary from 0.4 to 0.7. Consequently, the actual decline in the profit of enterprises was 40&ndash 70% lower than the potentially possible decrease in the profit of these enterprises due to the prices rising for energy carriers. Moreover sectors which are less vulnerable to the growth of prices show higher adaptability level.The possibility of using the obtained results in developing a state energy saving strategy is substantiated. |
| Databáze: | OpenAIRE |
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