Energy security cost as an externality — increased gas import price and economy of Ukraine

In this research, the tolerability of the economy of Ukraine for the increase of the gas import price is investigated. The relationship between the economic growth and im-ported gas price is analyzed, and it was found that the gas consumption of the food and other smaller industries was growing whil...

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Main Authors: Y. Matsuki, P. Bidyuk, G. Kalnytskyi, E. Gavrish
Format: Article
Language:Ukrainian
Published: Igor Sikorsky Kyiv Polytechnic Institute 2012-12-01
Series:Sistemnì Doslìdženâ ta Informacìjnì Tehnologìï
Online Access:http://journal.iasa.kpi.ua/article/view/60443
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author Y. Matsuki
P. Bidyuk
G. Kalnytskyi
E. Gavrish
author_facet Y. Matsuki
P. Bidyuk
G. Kalnytskyi
E. Gavrish
author_sort Y. Matsuki
collection DOAJ
description In this research, the tolerability of the economy of Ukraine for the increase of the gas import price is investigated. The relationship between the economic growth and im-ported gas price is analyzed, and it was found that the gas consumption of the food and other smaller industries was growing while the gas price was increasing; although, the larger industries such as chemical and manufacturing industries reduced the gas consumption. It was also found that Ukraine may hold a capability to lower the gas import price to the de-gree comparable to the current price. For the analysis, the national statistics of every month from 2002 through 2008 was used with the least squares model and the ARMA model for time-series forecasting. The data contains the GDP, the imported gas price and volume, the PPIs for the food industry, the chemical industry, the manufacturers and the energy industry, as well as the gas volumes consumed by the industries of low price band, other than the manufacturers and the chemical industries.
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spelling doaj.art-3e83481a2a5841e58439426ee202fb512022-12-22T04:29:23ZukrIgor Sikorsky Kyiv Polytechnic InstituteSistemnì Doslìdženâ ta Informacìjnì Tehnologìï1681-60482308-88932012-12-014Energy security cost as an externality — increased gas import price and economy of UkraineY. MatsukiP. BidyukG. KalnytskyiE. GavrishIn this research, the tolerability of the economy of Ukraine for the increase of the gas import price is investigated. The relationship between the economic growth and im-ported gas price is analyzed, and it was found that the gas consumption of the food and other smaller industries was growing while the gas price was increasing; although, the larger industries such as chemical and manufacturing industries reduced the gas consumption. It was also found that Ukraine may hold a capability to lower the gas import price to the de-gree comparable to the current price. For the analysis, the national statistics of every month from 2002 through 2008 was used with the least squares model and the ARMA model for time-series forecasting. The data contains the GDP, the imported gas price and volume, the PPIs for the food industry, the chemical industry, the manufacturers and the energy industry, as well as the gas volumes consumed by the industries of low price band, other than the manufacturers and the chemical industries.http://journal.iasa.kpi.ua/article/view/60443
spellingShingle Y. Matsuki
P. Bidyuk
G. Kalnytskyi
E. Gavrish
Energy security cost as an externality — increased gas import price and economy of Ukraine
Sistemnì Doslìdženâ ta Informacìjnì Tehnologìï
title Energy security cost as an externality — increased gas import price and economy of Ukraine
title_full Energy security cost as an externality — increased gas import price and economy of Ukraine
title_fullStr Energy security cost as an externality — increased gas import price and economy of Ukraine
title_full_unstemmed Energy security cost as an externality — increased gas import price and economy of Ukraine
title_short Energy security cost as an externality — increased gas import price and economy of Ukraine
title_sort energy security cost as an externality increased gas import price and economy of ukraine
url http://journal.iasa.kpi.ua/article/view/60443
work_keys_str_mv AT ymatsuki energysecuritycostasanexternalityincreasedgasimportpriceandeconomyofukraine
AT pbidyuk energysecuritycostasanexternalityincreasedgasimportpriceandeconomyofukraine
AT gkalnytskyi energysecuritycostasanexternalityincreasedgasimportpriceandeconomyofukraine
AT egavrish energysecuritycostasanexternalityincreasedgasimportpriceandeconomyofukraine