Market-Related Reforms and Increased Energy Efficiency in Transition Countries: Empirical Evidence

Nepal, R.; Jamasb, T.; Tisdell, C.A.

doi:10.1080/00036846.2014.952894

Market-Related Reforms and Increased Energy Efficiency in Transition Countries: Empirical Evidence

Nepal, R.; Jamasb, T.; Tisdell, C.A.

Authors

R. Nepal

T. Jamasb

C.A. Tisdell

Abstract

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.

Citation

Nepal, R., Jamasb, T., & Tisdell, C. (2014). Market-Related Reforms and Increased Energy Efficiency in Transition Countries: Empirical Evidence. Applied Economics, 46(33), 4125-4136. https://doi.org/10.1080/00036846.2014.952894

Journal Article Type	Article
Publication Date	Aug 26, 2014
Deposit Date	Aug 28, 2014
Publicly Available Date	Feb 26, 2016
Journal	Applied Economics
Print ISSN	0003-6846
Electronic ISSN	1466-4283
Publisher	Taylor and Francis Group
Peer Reviewed	Peer Reviewed
Volume	46
Issue	33
Pages	4125-4136
DOI	https://doi.org/10.1080/00036846.2014.952894
Keywords	Market reforms, Energy efficiency, Transition countries, Institutions.
Public URL	https://durham-repository.worktribe.com/output/1446280

Files

Accepted Journal Article (871 Kb)
PDF

Copyright Statement
This is an Accepted Manuscript of an article published by Taylor & Francis Group in Applied Economics on 26/08/2014, available online at: http://www.tandfonline.com/10.1080/00036846.2014.952894.