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


Alexander N. Melnik, Tatiana Yu. Anisimova
(about the authors)

Melnik Alexander N. – Doctor of Science, Economics, Professor, Head of the Chair of Innovations and Investments (Kazan (Volga) Federal University)

Anisimova Tatiana Yu. – Candidate of Science, Economics, Associate Professor; Associate Professor of the Chair of Innovations and Investments (Kazan (Volga) Federal University)

Published in:
Russian Journal of Entrepreneurship
– Volume 17, Number 22 (November 2016)

JEL classification: F51, O30, Q47

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


Citation:
Alexander N. Melnik, Tatiana Yu. Anisimova (2016). Modeling the dynamics of the domestic economy energy intensity in terms of the ongoing sanctions pressure from Western countries. Russian Journal of Entrepreneurship, 17(22), 3159–3170. doi: 10.18334/rp.17.22.37086


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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.







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