LMD1 decomposition of the changes in the industrial energy consumption in the Czech Republic
| Authors | |
|---|---|
| Year of publication | 2013 |
| Type | Article in Proceedings |
| Conference | Mathematical Methods in Economics 2013 |
| MU Faculty or unit | |
| Citation | |
| Web | https://mme2013.vspj.cz/about-conference/conference-proceedings |
| Field | Economy |
| Keywords | LMD1; Energy; Energy consumption; Industry |
| Description | This article applies logarithmic mean Divisia index decomposition method to analyze the changes in the energy consumption of the industrial sector in the Czech Republic, EU-27, EU-15 and EU-12 during the period of 1997 to 2009. The results indicate several differences between the EU-12 and EU-15 countries. The major differences are: the magnitude of the activity effect; how influential was the period of the recession for the energy consumption in the respective groups; the amount of reduction in the energy consumption and the development of the energy intensity effect in the period of crisis. |
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