Modeling the dynamics of the domestic economy energy intensity in terms of the ongoing sanctions pressure from Western countries

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Journal paper

Russian Journal of Entrepreneurship *
Volume 17, Number 22 (November 2016)
* Этот журнал не выпускается в Первом экономическом издательстве

Please, cite as:
Melnik A.N., Anisimova T.Yu. Modelirovanie dinamiki energoemkosti otechestvennoy ekonomiki v usloviyakh prodolzhayushchegosya sanktsionnogo davleniya so storony zapadnyh stran // Rossiyskoe predprinimatelstvo. – 2016. – Tom 17. – № 22. – S. 3159–3170. – doi: 10.18334/rp.17.22.37086.

Abstract:
The author has studied the influence of various factors on the energy intensity of gross domestic product in the context of the ongoing sanctions pressure from Western countries, which allowed to identify the factors that have a decisive influence on its value. Based on the performed calculations, it has been revealed that the activization of innovative activity of industrial enterprises as a result of an increase in funding R&D activities and growth in household final consumption of electricity have the strongest influence on the improvement of energy efficiency of the domestic economy. Modeling the dynamics of the energy intensity of gross domestic product in different scenarios of the ongoing sanctions pressure on Russia from Western countries has enabled to evaluate the impact of a possible change in the situation in the economy from the perspective of its energy efficiency.

Keywords: modeling, scenario approach, energy intensity of gross domestic product, the sanctions pressure from the Western countries

JEL-classification: F51, O30, Q47

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