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ENERGY INTENSITY OF THE DANUBE REGION COUNTRIES - DECOUPLING ANALYSIS OF ENERGY CONSUMPTION AND ECONOMIC GROWTH

Jana Chovancová

First published: 2019-06-20https://doi.org/10.5593/sgem2019/5.3/s21.032View metrics

Abstract

The territory of the Danube Region represents one fifth of the European Union?s total area and is home to more than 100 million inhabitants. The Danube Region is characterized by a divergent group of 11 countries (9 of them are EU member states, 5 are non-EU countries) concerning the process of integration and the preconditions in geographic, economic, cultural and socio-demographic terms. In order to increase growth and strengthen cooperation at a macro-regional level, the European Union established the Danube Region Strategy with eleven priority areas, among them one focusing on energy. The aim of the paper is to perform quantitative evaluation on the relationship between economic development and energy consumption based on decoupling model theory. The paper focuses on the case of the Danube region countries in the period of 1994 ? 2014. Throughout 20 year period examined, the countries spread out into different forms of decoupling. The results of analysis suggest that in most observed partial variables occurs the absolute or relative decoupling of economic growth and energy consumption, what can be considered as positive trend. Though decoupling index convey a positive message, the Danube region countries will need to accelerate their implementation of new policies, while restructuring the ways how they meet their demand for energy.

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Title
ENERGY INTENSITY OF THE DANUBE REGION COUNTRIES - DECOUPLING ANALYSIS OF ENERGY CONSUMPTION AND ECONOMIC GROWTH
Authors
Jana Chovancová
Proceedings
SGEM International Multidisciplinary Scientific GeoConference EXPO Proceedings; 19th International Multidisciplinary Scientific GeoConference SGEM2019, Ecology, Economics, Education and Legislation
Publisher
STEF92 Technology
Year
2019
Pages
251-258
SWS Citekey
Chovancova201921251258
ISSN
1314-2704
ISBN
978-619-7408-86-7
Language
en
Publication type
Conference Paper
Keywords
Energy useGross Domestic ProductDecoupling indexDanube region
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