ECONOMIC OF MINING
Original Paper
UDC 658.012.12:622.3.013 © N.P. Persteneva, Yu.A. Tokarev, O.A. Gorbunova, O.V. Kravchenko, 2022
ISSN 0041-5790 (Print) • ISSN 2412-8333 (Online) • Ugol’ – Russian Coal Journal, 2022, № 9, pp. 53-55
DOI: http://dx.doi.org/10.18796/0041-5790-2022-9-53-55
Title
MODELING OF INFLUENCE OF DIFFERENT ENERGY RESOURCES CONSUMPTION ON THE ECONOMIC DEVELOPMENT OF THE COUNTRY
Authors
Persteneva N.P.1, Tokarev Yu.A.1, Gorbunova O.A.2, Kravchenko O.V.2
1Samara State University of Economics, Samara, 443090, Russian Federation
2Samara State Technical University, Samara, 443100, Russian Federation
Authors Information
Persteneva N.P., PhD (Economic), Associate Professor Department of Statistics and Econometrics, e-mail: persteneva_np@mail.ru
Tokarev Yu.A.,PhD (Economic), Associate Professor Department of Statistics and Econometrics, e-mail: tokarev_ya@mail.ru
Gorbunova O.A., PhD (Economic), Associate Professor, Head of the Department of National and World Economy,e-mail: genuka76@mail.ru
Kravchenko O.V., PhD (Economic), Associate Professor Department of National and World Economy,e-mail: zav06@mail.ru
Abstract
The article is devoted to statistical modeling of the relationship between the consumption of the main types of fuel and energy resources and the state of the economy. The hypothesis of the study is that the degree of economic development depends on which type of energy resources dominates the country.
Gross domestic product per capita is chosen as an indicator of the state of the economy. Panel data modeling became the main research method. The study is based on statistical information for 95 countries over 10 years. As a result of the conducted research, it was concluded that the consumption of oil and petroleum products has a positive impact on the economic situation in the country. Other types of energy resources (coal, natural gas) do not have a statistically significant impact.
Keywords
Fuel and energy resources, Panel data, Panel regression, Gross domestic product.
References
1. Grigoriev L.M. & Kurdin A.A. Economic growth and energy demand. Economicheskij zhurnal vysshej shkoly economiki, 2013, Vol. 17, (3), pp. 390-406. (In Russ).
2. Kononov Yu.D., Galperova E.V., Kononov D.Yu. et al. Methods and models of predictive studies of the interrelations of energy and economics. Novosibirsk, Nauka Publ., 2009, 178 p. (In Russ).
3. Bogachkova L.Yu. Increasing energy efficiency as a driver of the global competitiveness of the national economy. Economika I upravlenie: teoriya I praktika, 2018, Vol. 4, (1), pp. 22-31. (In Russ).
4. Pirimbaev Zh.Zh., Ravanoglu G.A. & SulaimanovaB. Impact of energy on economic growth: assessment of the ARDL model for the economy of Kyrgyzstan. Reforma, 2020, (3), pp. 48-63. (In Russ).
5. Ren X., Tong Z.,Sun X. et al. Dynamic impacts of energy consumption on economic growth in China: Evidence from a non-parametric panel data model. Energy Economics, 2022, (107), 105855. [Electronic resource]. Available at: https://doi.org/10.1016/j.eneco.2022.105855 (accessed 15.08.2022)
6. Al-Mulali U. The Impact of Biofuel Energy Consumption on GDP Growth, CO2 Emission, Agricultural Crop Prices, and Agricultural Production. International Journal of Green Energy, 2015, Vol. 12, (11), pp. 1100-1106. [Electronic resource]. Available at: https://www.tandfonline.com/doi/abs/10.1080/15435075.2014.892878 (accessed 15.08.2022)
7. I?ik C. Natural gas consumption and economic growth in Turkey: a bound test approach. Energy Syst., 2010, (1), pp. 441–456. [Electronic resource]. Available at: https://doi.org/10.1007/s12667-010-0018-1 (accessed 15.08.2022).
8. Naser H. Analysing the long-run relationship among oil market, nuclear energy consumption, and economic growth: An evidence from emerging economies. Energy, 2015, (89), pp. 421-434. [Electronic resource]. Available at: https://doi.org/10.1016/j.energy.2015.05.115(accessed 15.08.2022).
9. Rehman A., Ma H., Ozturk I. et al. Another outlook to sector-level energy consumption in Pakistan from dominant energy sources and correlation with economic growth. Environ Sci. Pollut. Res., 2021, (28), pp. 33735–33750. [Electronic resource]. Available at: https://doi.org/10.1007/s11356-020-09245-7 (accessed 15.08.2022).
10. Tamba J.G., Nsouand?l? J.L., L?l? A.F. Gasoline consumption and economic growth: Evidence from Cameroon. Energy Sources, Part B: Economics, Planning, and Policy, 2017, (12), pp. 1007-1014. [Electronic resource]. Available at: https://www.scirp.org/reference/referencespapers.aspx?referenceid=2741100(accessed 15.08.2022).
11. Persteneva N.P. & Zaychikova N.A. Analyzing Oil Prices Impact on Russian Foreign Trade. Lecture Notes in Networks and Systems, 2021, (160), pp. 702-707.
12. Shutko L.G. & Samorodova L.L. The impact of the coal mining industry in Kuzbass on the health of the region's population. Ugol’,2021, (9), pp. 46-50.(In Russ). DOI: 10.18796/0041-5790-2021-9-46-50.
For citation
Persteneva N.P., Tokarev Yu.A., Gorbunova O.A. &Kravchenko O.V.Modeling of influence of different energy resources consumption on the economic development of the country.Ugol’, 2022, (9), pp. 53-55. (In Russ.). DOI: 10.18796/0041-5790-2022-9-53-55.
Paper info
Received August 10, 2022
Reviewed August15, 2022
Accepted August 25, 2022
