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The Impact of the Government Policy on the Energy Efficient Gap: The Evidence from Ukraine

Author

Listed:
  • Oleksii Lyulyov

    (Department of Marketing, Sumy State University, 40007 Sumy, Ukraine)

  • Tetyana Pimonenko

    (Department of Marketing, Sumy State University, 40007 Sumy, Ukraine)

  • Aleksy Kwilinski

    (The London Academy of Science and Business, 120 Baker Street, London W1U 6TU, UK)

  • Henryk Dzwigol

    (Department of Management and Logistics, Faculty of Organization and Management, Silesian University of Technology, 26-28 Roosevelt Street, 41-800 Zabrze, Poland)

  • Mariola Dzwigol-Barosz

    (Department of Management and Logistics, Faculty of Organization and Management, Silesian University of Technology, 26-28 Roosevelt Street, 41-800 Zabrze, Poland)

  • Vladyslav Pavlyk

    (Department of Marketing, Sumy State University, 40007 Sumy, Ukraine)

  • Piotr Barosz

    (Department of Management and Logistics, Faculty of Organization and Management, Silesian University of Technology, 26-28 Roosevelt Street, 41-800 Zabrze, Poland)

Abstract

This paper aims to check the impact of investment and institutional determinants on the energy efficiency gap. The findings of the bibliometric analysis confirmed the growth of research interests in identifying the core determinants of the energy efficiency gap. The central hypothesises are: the increasing quality of the institutions leads to an increase of green investments in the energy sector and the dual relationships between investment and institutional determinants lead to additional synergy effects, which allow boosting the decline of energy efficiency gaps of the national economy. For the analysis, the times series were collected from the World Data Bank, Eurostat, Bloomberg, for Ukraine for the period of 2002–2019. The following methods were used: the unit root test—for checking the stationarity of data—and the Johansen test and VEC-modelling—for the cointegration analysis. The findings prove that to reduce the energy efficiency gaps in Ukraine by 1% next year, it is necessary to increase green energy investments by 1.5% this year, and the political stability and public perception of corruption by 3% and 1%. The increase of the public perception of corruption by 1.47 points and of political stability by 2.38 points leads to maximising the recovery speed of the Ukrainian energy sector. Thus, while developing the policy to decrease the energy efficiency gaps, the Ukrainian government should consider the level of public perception of corruption and political stability.

Suggested Citation

  • Oleksii Lyulyov & Tetyana Pimonenko & Aleksy Kwilinski & Henryk Dzwigol & Mariola Dzwigol-Barosz & Vladyslav Pavlyk & Piotr Barosz, 2021. "The Impact of the Government Policy on the Energy Efficient Gap: The Evidence from Ukraine," Energies, MDPI, vol. 14(2), pages 1-13, January.
    • Handle: RePEc:gam:jeners:v:14:y:2021:i:2:p:373-:d:478558
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    References listed on IDEAS

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    Cited by:

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    4. Shrestha, Anil & Mustafa, Andy Ali & Htike, Myo Myo & You, Vithyea & Kakinaka, Makoto, 2022. "Evolution of energy mix in emerging countries: Modern renewable energy, traditional renewable energy, and non-renewable energy," Renewable Energy, Elsevier, vol. 199(C), pages 419-432.
    5. Aleksandra Kuzior & Alla Lobanova & Liudmyla Kalashnikova, 2021. "Green Energy in Ukraine: State, Public Demands, and Trends," Energies, MDPI, vol. 14(22), pages 1-14, November.
    6. NAVICKAS Mykolas & TIUTIUNYK Inna & VASYLIEVA Tetyana & SEDMÍKOVÁ Eliška, 2021. "Energy Consumption in Assessment of Shadow Economy," European Journal of Interdisciplinary Studies, Bucharest Economic Academy, issue 02, June.
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    10. Krzysztof Janasz & Norbert Obrycki & Joanna Wisniewska, 2022. "Modelling the Energy Sector in Ukraine with RES Development Scenarios," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 283-307.
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    15. Tetyana Vasylieva & Vladyslav Pavlyk & Yuriy Bilan & Grzegorz Mentel & Marcin Rabe, 2021. "Assessment of Energy Efficiency Gaps: The Case for Ukraine," Energies, MDPI, vol. 14(5), pages 1-14, March.
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    17. Radosław Miśkiewicz & Agnieszka Rzepka & Ryszard Borowiecki & Zbigniew Olesińki, 2021. "Energy Efficiency in the Industry 4.0 Era: Attributes of Teal Organisations," Energies, MDPI, vol. 14(20), pages 1-14, October.
    18. Marcela Taušová & Katarína Čulková & Dušan Kudelas & Ľubomíra Gabániová & Ján Koščo & Ibrahim Mehana, 2022. "Evaluation of Water Resources through Efficiency Index and Water Productivity in EU," Energies, MDPI, vol. 15(23), pages 1-11, December.
    19. Yurii Kharazishvili & Aleksy Kwilinski & Henryk Dzwigol & Viacheslav Liashenko, 2021. "Strategic European Integration Scenarios of Ukrainian and Polish Research, Education and Innovation Spaces," Virtual Economics, The London Academy of Science and Business, vol. 4(2), pages 7-40, April.

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