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The Impact of the Covid-19 Crisis on the Manifestation of the Rebound Effect in Energy Consumption

Author

Listed:
  • Gheorghe ZAMAN

    (Institute of National Economy – Romanian Academy)

  • Giani GRÄ‚DINARU

    (The Bucharest University of Economic Studies, Institute of National Economy – Romanian Academy)

  • Iulia NEAGOE

    (The Bucharest University of Economic Studies)

Abstract

In order to reduce total energy consumption, energy intensity should decrease at a rate higher than the rate of economic growth. This result could be achieved if global energy intensity is reduced or if global economic growth is reduced. The COVID-19 health crisis has a strong impact on global economic growth. The purpose of the article is to analyse the impact of the COVID-19 crisis on the manifestation of the rebound effect in energy consumption. As aresult, the emergence of the pandemic has negatively affected energy consumption, if we refer to the development of the economy, but it can also be seen as a positive effect when it comes to pollution caused by energy processes.

Suggested Citation

  • Gheorghe ZAMAN & Giani GRÄ‚DINARU & Iulia NEAGOE, 2020. "The Impact of the Covid-19 Crisis on the Manifestation of the Rebound Effect in Energy Consumption," Romanian Journal of Economics, Institute of National Economy, vol. 50(1(59)), pages 29-46, June.
    • Handle: RePEc:ine:journl:v:50:y:2020:i:59:p:29-46
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    References listed on IDEAS

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    1. Timothy F. Bresnahan & Robert J. Gordon, 1996. "The Economics of New Goods," NBER Books, National Bureau of Economic Research, Inc, number bres96-1.
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    Cited by:

    1. Maria Csutora & Gabor Harangozo & Cecilia Szigeti, 2022. "Sustainable Business Models—Crisis and Rebound Based on Hungarian Research Experience," Resources, MDPI, vol. 11(12), pages 1-13, November.
    2. Adrian Neacșa & Mirela Panait & Jianu Daniel Mureșan & Marian Catalin Voica & Otilia Manta, 2022. "The Energy Transition between Desideratum and Challenge: Are Cogeneration and Trigeneration the Best Solution?," IJERPH, MDPI, vol. 19(5), pages 1-22, March.
    3. Panait, Mirela & Apostu, Simona Andreea & Vasile, Valentina & Vasile, Razvan, 2022. "Is energy efficiency a robust driver for the new normal development model? A Granger causality analysis," Energy Policy, Elsevier, vol. 169(C).
    4. Simona Andreea Apostu & Mirela Panait & Daniel Balsalobre-Lorente & Diogo Ferraz & Irina Gabriela Rădulescu, 2022. "Energy Transition in Non-Euro Countries from Central and Eastern Europe: Evidence from Panel Vector Error Correction Model," Energies, MDPI, vol. 15(23), pages 1-21, December.

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    More about this item

    Keywords

    COVID-19 crisis; rebound effect; energy consumption;
    All these keywords.

    JEL classification:

    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment

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