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Impact of Energy Prices on Industrial Sector Development and Export: Lithuania in the Context of Baltic States

descriptionPublicationkeyboard_double_arrow_right Article , Journal 01 Jan 2014Publisher:Elsevier BVJournal:Procedia - Social and Behavioral Sciences, volume 110, pages 461-469 (issn: 1877-0428,

Authors: Korsakienė, Renata; Tvaronavičienė, Manuela; Smaliukienė, Rasa;

doi: 10.1016/j.sbspro.2013.12.890

Impact of Energy Prices on Industrial Sector Development and Export: Lithuania in the Context of Baltic States

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Abstract

AbstractThe sustainable development of a country depends on rates of economic growth. Economic growth, in its turn, is related to use of energy in terms its intensity and price. This paper aims to reveal if increasing prices of gas and electricity retard development of industrial sector of Lithuanian economy. A question, if international competitiveness of industry, measured by industrial export, remains unaffected in result of increase of energy resource prices is being raised. Energy intensity issues are not being tackled; during considered period energy intensity did not changed significantly. The object of research is industrial sector of Lithuanian economy. The method used is a correlation analysis, and the time span of data is 2000–2011. An economic interpretation of obtained results would lead to the conclusion that an increase of energy prices has not had significant malign impact on industrial sector development and export.

Related Organizations

Vilnius Gediminas Technical University
Lithuania
Vilnius Gediminas Technical University
Lithuania

Keywords

Baltic States, Lithuania, Eksportas. Importas / Export. Import, Lietuva (Lithuania), Latvija (Latvia), industrial sector, energy price, Estija (Estonia), exports

Impact byBIP!

	citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	8
	popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.	Average
	influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	Average
	impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.	Average