Abstract
The article examines approaches to the analysis of factors that influence the difference between capacity and current energy production in the country, that is, the gap in energy efficiency in the economy. To investigate the main trends in the theory of energy efficiency and energy conservation, a bibliometric analysis was carried out (using VOSViewer v.1.6.10 toolkit), the object of which was 1428 scientific articles in publications indexed by the Scopus scientometric database. The analysis showed that in 2019, scientists published 1.5 times more work on the subject than in 2005, and revealed five clusters of scientists who investigated the problems of the connection between institutional determinants and lack of electricity in the country. The research hypothesis is to test the impact of institutional determinants on the energy efficiency gap in the economy. For the assessment of institutional determinants, such indicators of public administration effectiveness as: “rule of law”, “government efficiency”, “political stability and the absence of violence/terrorism”, “quality of regulatory activity” and “anti-corruption” have been used. The source of statistical information is the Worldwide Governance Indicator Global Eurojustice Reports and Eurostat data, the Pedroni co-integration test, and the least-squares method, the calculations were made using EViews 11. Objects of study are EU and Ukraine, the period for analysis – 2009-2018. The findings confirmed the statistically significant impact of institutional determinants on the energy efficiency gap in the economy: increasing government efficiency and political stability by 1 mind. units lead to a reduction in the energy efficiency gap of 0.47 and 0.54 dm. units in accordance. It has been empirically proven that improving the quality of regulatory activity and improving the rule of law in Ukraine is one mind. units cause energy efficiency gains of 0.34 and 0.41 dm. units in accordance. The results of the study can be used by state and local authorities to improve the country’s energy efficiency and energy efficiency systems. Keywords: energy balance, renewable energy sources, energy gap, corruption, quality of public administration, political stability, government efficiency, energy efficiency, energy conservation, institutional determinants.
Highlights
The ongoing trends of economic development provoke the overconsumption of energy recourses
The range of the scientific directions proved by the findings from the bibliometric analysis
The results allowed identifying the five clusters of the scientific schools as follows: The findings allow identifying five clusters of scientific directions: energy efficiency, energy policy, sustainable development, government policy, economic growth and energy efficiency. Such range of the clusters proved that not a lot of scientists analysed the impact of institutional parameters on the energy efficiency gap
Summary
The ongoing trends of economic development provoke the overconsumption of energy recourses. Such tendency lead to decreasing of the country’s energy balance and security. The high level of competitiveness at the world market contribute the relevant reactions from the governments to implement capable instruments to increase the country's competitiveness. The refocusing of the world community on green development justify the increase of the country's energy efficiency by the extending of green innovations and technologies
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