A Supply and Use Model for Estimating the Contribution of Costs to Energy Prices
This paper develops a supply and uses a model to estimate the direct and indirect contribution of costs to the formation of energy prices. The model is implemented into the Greek economy based on data from the supply and use tables. The findings of the analysis indicate that the main component of en...
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| Format: | Article |
| Language: | English |
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MDPI AG
2022-09-01
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| Series: | Energies |
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| Online Access: | https://www.mdpi.com/1996-1073/15/19/6878 |
| _version_ | 1797479714343878656 |
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| author | Nikolaos Rodousakis George Soklis Theodore Tsekeris |
| author_facet | Nikolaos Rodousakis George Soklis Theodore Tsekeris |
| author_sort | Nikolaos Rodousakis |
| collection | DOAJ |
| description | This paper develops a supply and uses a model to estimate the direct and indirect contribution of costs to the formation of energy prices. The model is implemented into the Greek economy based on data from the supply and use tables. The findings of the analysis indicate that the main component of energy prices are profits, mainly distributed to the energy sector itself, and imports, which mostly concern Mining and quarrying products and Coke and refined petroleum products imported from non-EU countries. As far as the contribution of the energy sector to the price formation of the other industries of the Greek economy is concerned, it is found that the energy sector mainly contributes to the price formation of industrial sectors. The results imply that the containment of energy prices should be principally based on an income policy that would limit excessive profits within the energy sector and an import substitution policy towards the exploitation of domestic mining and quarrying products as well as coke and refined petroleum products. |
| first_indexed | 2024-03-09T21:49:45Z |
| format | Article |
| id | doaj.art-5457457131ed426d9a5e3f74cb05424e |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-03-09T21:49:45Z |
| publishDate | 2022-09-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-5457457131ed426d9a5e3f74cb05424e2023-11-23T20:09:20ZengMDPI AGEnergies1996-10732022-09-011519687810.3390/en15196878A Supply and Use Model for Estimating the Contribution of Costs to Energy PricesNikolaos Rodousakis0George Soklis1Theodore Tsekeris2Centre of Planning and Economic Research, 106 72 Athens, GreeceDepartment of Public Administration, Panteion University, 176 71 Athens, GreeceCentre of Planning and Economic Research, 106 72 Athens, GreeceThis paper develops a supply and uses a model to estimate the direct and indirect contribution of costs to the formation of energy prices. The model is implemented into the Greek economy based on data from the supply and use tables. The findings of the analysis indicate that the main component of energy prices are profits, mainly distributed to the energy sector itself, and imports, which mostly concern Mining and quarrying products and Coke and refined petroleum products imported from non-EU countries. As far as the contribution of the energy sector to the price formation of the other industries of the Greek economy is concerned, it is found that the energy sector mainly contributes to the price formation of industrial sectors. The results imply that the containment of energy prices should be principally based on an income policy that would limit excessive profits within the energy sector and an import substitution policy towards the exploitation of domestic mining and quarrying products as well as coke and refined petroleum products.https://www.mdpi.com/1996-1073/15/19/6878energy pricesinput-output analysissupply and use tables |
| spellingShingle | Nikolaos Rodousakis George Soklis Theodore Tsekeris A Supply and Use Model for Estimating the Contribution of Costs to Energy Prices Energies energy prices input-output analysis supply and use tables |
| title | A Supply and Use Model for Estimating the Contribution of Costs to Energy Prices |
| title_full | A Supply and Use Model for Estimating the Contribution of Costs to Energy Prices |
| title_fullStr | A Supply and Use Model for Estimating the Contribution of Costs to Energy Prices |
| title_full_unstemmed | A Supply and Use Model for Estimating the Contribution of Costs to Energy Prices |
| title_short | A Supply and Use Model for Estimating the Contribution of Costs to Energy Prices |
| title_sort | supply and use model for estimating the contribution of costs to energy prices |
| topic | energy prices input-output analysis supply and use tables |
| url | https://www.mdpi.com/1996-1073/15/19/6878 |
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