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Analysis Of Energy Costs In Retail Trade

Author

Listed:
  • Radojko LUKIC

    (Faculty of Economics, University of Belgrade, Serbia)

Abstract

Energy costs are significant determinant of the performance of total economy, all sectors, including trade and individual enterprises. Due to that, they are lately more analyzed in the context of sustainable development and the impact on the performance of the economy, sectors and enterprises. The use of renewable energy is an important factor in energy costs reducing and increasing of profitability. Under the influence of specific factors it varies in individual economies (countries), sectors and companies. Having this as a starting point, our article specially investigates the problem of energy efficiency in trade sector. This is due to considerable economic impact of trade on total energy consumption in economy and especially service sector (share in gross domestic product and the number of employees). The research on many global retail companies find, and also confirmed in this study, that the increase of energy efficiency can significantly improve the profitability of the trade sector. This is particularly achieved with as increased use of renewable energy in total final energy consumption in the trade sector. JEL classification: Q40, Q44, Q32, Q57

Suggested Citation

  • Radojko LUKIC, 2016. "Analysis Of Energy Costs In Retail Trade," Management Research and Practice, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 8(4), pages 5-28, December.
    • Handle: RePEc:rom:mrpase:v:8:y:2016:i:4:p:5-28
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    References listed on IDEAS

    as
    1. Radojko LUKIC & Dragana Vojteski KLJENAK & Dragica JOVANCEVIC, 2014. "Retail Food Waste Management," Management Research and Practice, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 6(4), pages 23-39, December.
    2. Radojko LUKIC, 2015. "The Analysis of Profit per Employee in the Trade of Serbia," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 18(1), pages 5-16, June.
    3. Radojko LUKIC, 2012. "Sustainable Development of Retail in Serbia," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 13(4), pages 574-586, October.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    energy intensity; renewable energy; energy management; green energy; final energy consumption;
    All these keywords.

    JEL classification:

    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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