Modelling Energy - Economy Interactions: The Far East Experience
The article presents the evolution of models and model complexes used to study the relationship between economy and energy sector; the authors characterize models that describe these relationships in exogenous form (optimization and simulation models) and endogenous form (integrated econometric and...
| Main Authors: | , |
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| Format: | Article |
| Language: | Russian |
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Economic Research Institute of the Far East Branch of the Russian Academy of Sciences
2015-03-01
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| Series: | Prostranstvennaâ Èkonomika |
| Subjects: | |
| Online Access: | http://spatial-economics.com/eng/images/spatial-econimics/1_2015/SE.2015.1.062-090.Zakharchenko.pdf |
| _version_ | 1818690795479236608 |
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| author | Natalia Gennadyevna Zakharchenko Olga Valeryevna Dyomina |
| author_facet | Natalia Gennadyevna Zakharchenko Olga Valeryevna Dyomina |
| author_sort | Natalia Gennadyevna Zakharchenko |
| collection | DOAJ |
| description | The article presents the evolution of models and model complexes used to study the relationship between economy and energy sector; the authors characterize models that describe these relationships in exogenous form (optimization and simulation models) and endogenous form (integrated econometric and input-output models and models of economic interactions (general equilibrium models)). The researchers also develop a model of economic interactions of the Far East with a detailed energy sector and propose a series of experimental calculations based on this model. The paper includes estimation of intervals sustainability of regional macro-indicators to changes in energy and fuel prices; the authors find that the dynamics of GRP and income are more sensitive to changes in hydrocarbon prices than to changes in prices of electricity and coal. It is shown that in existing technologies the reduction in the price of coal relative to natural gas leads to lower economic growth in the region. It is established that the substitution of imported oil for that produced in the region leads to the downturn in the region’s economy, whereas in the case of coal it produces growth |
| first_indexed | 2024-12-17T12:31:41Z |
| format | Article |
| id | doaj.art-c4f1d13f5b7b479ba9883e5ff6b5891a |
| institution | Directory Open Access Journal |
| issn | 1815-9834 2587-5957 |
| language | Russian |
| last_indexed | 2024-12-17T12:31:41Z |
| publishDate | 2015-03-01 |
| publisher | Economic Research Institute of the Far East Branch of the Russian Academy of Sciences |
| record_format | Article |
| series | Prostranstvennaâ Èkonomika |
| spelling | doaj.art-c4f1d13f5b7b479ba9883e5ff6b5891a2022-12-21T21:48:31ZrusEconomic Research Institute of the Far East Branch of the Russian Academy of SciencesProstranstvennaâ Èkonomika1815-98342587-59572015-03-011629010.14530/se.2015.1.062-090Modelling Energy - Economy Interactions: The Far East ExperienceNatalia Gennadyevna Zakharchenko0Olga Valeryevna Dyomina1Economic Research Institute FEB RASEconomic Research Institute FEB RASThe article presents the evolution of models and model complexes used to study the relationship between economy and energy sector; the authors characterize models that describe these relationships in exogenous form (optimization and simulation models) and endogenous form (integrated econometric and input-output models and models of economic interactions (general equilibrium models)). The researchers also develop a model of economic interactions of the Far East with a detailed energy sector and propose a series of experimental calculations based on this model. The paper includes estimation of intervals sustainability of regional macro-indicators to changes in energy and fuel prices; the authors find that the dynamics of GRP and income are more sensitive to changes in hydrocarbon prices than to changes in prices of electricity and coal. It is shown that in existing technologies the reduction in the price of coal relative to natural gas leads to lower economic growth in the region. It is established that the substitution of imported oil for that produced in the region leads to the downturn in the region’s economy, whereas in the case of coal it produces growthhttp://spatial-economics.com/eng/images/spatial-econimics/1_2015/SE.2015.1.062-090.Zakharchenko.pdfmodel of economic interactions (general equilibrium model)regional economyfuel and energy complexstructural linkagesfuel and energy balancethe Far East |
| spellingShingle | Natalia Gennadyevna Zakharchenko Olga Valeryevna Dyomina Modelling Energy - Economy Interactions: The Far East Experience Prostranstvennaâ Èkonomika model of economic interactions (general equilibrium model) regional economy fuel and energy complex structural linkages fuel and energy balance the Far East |
| title | Modelling Energy - Economy Interactions: The Far East Experience |
| title_full | Modelling Energy - Economy Interactions: The Far East Experience |
| title_fullStr | Modelling Energy - Economy Interactions: The Far East Experience |
| title_full_unstemmed | Modelling Energy - Economy Interactions: The Far East Experience |
| title_short | Modelling Energy - Economy Interactions: The Far East Experience |
| title_sort | modelling energy economy interactions the far east experience |
| topic | model of economic interactions (general equilibrium model) regional economy fuel and energy complex structural linkages fuel and energy balance the Far East |
| url | http://spatial-economics.com/eng/images/spatial-econimics/1_2015/SE.2015.1.062-090.Zakharchenko.pdf |
| work_keys_str_mv | AT nataliagennadyevnazakharchenko modellingenergyeconomyinteractionsthefareastexperience AT olgavaleryevnadyomina modellingenergyeconomyinteractionsthefareastexperience |