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Economic Crises and Energy Use: An Input-Output Analysis of Catalonia’s 2008–2014 Financial Crisis

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  • Jaume Freire González
  • Oliver Canosa

Abstract

The impact of economic crises on an economy’s energy consumption, considering its sectorial interactions, remains an unexplored area. For this article, we investigated the structural sectorial relationships in energy terms before, during, and after Catalonia’s 2008– 2014 financial crisis, using environmentally extended input-output analysis. We used three input-output tables from 2005, 2011, and 2014, for which we constructed and employed five vectors representing sectorial energy consumption (‘natural gas’, ‘coal’, ‘petroleum’, ‘electricity’, and ‘biomass and waste’) for 41 economic sectors. We studied the evolution of backward and forward linkage coefficients in terms of energy, as well as key sectors over this period. Our findings reveal that most sectors, particularly energy-intensive ones, experienced a reduction in both backward and forward linkages. However, the relative importance of sectors in the Catalan economy remained relatively stable, indicating a certain level of persistence in this indicator throughout the period, despite the economic crisis.

Suggested Citation

  • Jaume Freire González & Oliver Canosa, 2023. "Economic Crises and Energy Use: An Input-Output Analysis of Catalonia’s 2008–2014 Financial Crisis," Working Papers 1405, Barcelona School of Economics.
    • Handle: RePEc:bge:wpaper:1405
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    More about this item

    Keywords

    financial crisis; energy use; environmentally extended input-output analysis; Key sectors; economic structure;
    All these keywords.

    JEL classification:

    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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