IDEAS home Printed from https://ideas.repec.org/a/eee/energy/v21y1996i10p899-909.html
   My bibliography  Save this article

Macroeconomic impacts of natural gas introduction in Greece

Author

Listed:
  • Caloghirou, Y.D.
  • Mourelatos, A.G.
  • Roboli, A.

Abstract

Input-output analysis has been applied to assess macroeconomic impacts of investment expenditures required for introduction of natural gas (NG) into the Greek energy system. The final demand vector was assembled from figures estimated in a prefeasibility study. A 12 × 12 input-output table was used to calculate relative changes in gross domestic product (GDP) for the entire economy, sectoral production and value-added, employment, and wages. We show that construction of the national gas grid will significantly affect all five macroeconomic indicators during a period of eight years. Taking into account direct and indirect impacts, GDP will rise by 2.0% whereas employment and wages will increase by 1.6%. If imports are fully replaced by local produce, GDP will rise by 3.0% whereas employment and wages will increase by 2.4 and 2.3%, respectively. The relative change of production for five specified sectors is greater than 24% during the period 1993–2000.

Suggested Citation

  • Caloghirou, Y.D. & Mourelatos, A.G. & Roboli, A., 1996. "Macroeconomic impacts of natural gas introduction in Greece," Energy, Elsevier, vol. 21(10), pages 899-909.
    • Handle: RePEc:eee:energy:v:21:y:1996:i:10:p:899-909
    DOI: 10.1016/0360-5442(96)00036-9
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/0360544296000369
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/0360-5442(96)00036-9?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kaldellis, J.K. & Kavadias, K.A. & Spyropoulos, G., 2005. "Investigating the real situation of Greek solar water heating market," Renewable and Sustainable Energy Reviews, Elsevier, vol. 9(5), pages 499-520, October.
    2. Shrestha, Ram M. & Marpaung, Charles O.P., 2006. "Integrated resource planning in the power sector and economy-wide changes in environmental emissions," Energy Policy, Elsevier, vol. 34(18), pages 3801-3811, December.
    3. Batzias, F.A. & Sidiras, D.K. & Spyrou, E.K., 2005. "Evaluating livestock manures for biogas production: a GIS based method," Renewable Energy, Elsevier, vol. 30(8), pages 1161-1176.
    4. Brkic, Dejan, 2009. "Serbian gas sector in the spotlight of oil and gas agreement with Russia," Energy Policy, Elsevier, vol. 37(5), pages 1925-1938, May.
    5. Subash Dhar & Charles Marpaung, 2015. "Technology priorities for transport in Asia: assessment of economy-wide CO 2 emissions reduction for Lebanon," Climatic Change, Springer, vol. 131(3), pages 451-464, August.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:energy:v:21:y:1996:i:10:p:899-909. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/energy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.