Economic Price Level Research Articles

PRO-INFLATIONARY SIGNIFICANCE OF ENERGY COMMODITY AND ELECTRICITY PRICES

Aim: The main aim of this article is to evaluate the influence of electricity prices on the overall economic price level. Methods: The research methodology was carefully designed to encompass various analytical tools, including the graphical representation of data, basic statistical analyses, the computation of the Pearson correlation coefficient with consideration of time lags, and the application of the Granger causality test. Re­sults: The outcomes of the study revealed a significant inefficiency within the market mechanism. Contrary to expectations, the anticipated correlation between electricity prices and inflation (PPI and CPI) indices was found to be statistically insignificant. However, among the examined relationships, a strong and noteworthy connection emerged between coal prices and the PPI inflation index, particularly with a distinct two-month lag in this correlation. Conclusions: Drawing conclusions from the analysis, it became evident that while energy commodity prices, such as coal, do not directly translate into electricity prices and subsequently influ­ence inflation, coal prices do emerge as a significant predictor of inflation. This observation suggests a gap in the intermediate stage of the production cycle, shedding light on a pronounced market inefficiency. The significance of these findings extends beyond the narrow scope of the energy sector. They provide a broader perspective on pricing relationships in the economy, highlighting the limited impact of the market price of electricity on shaping the overall price level. This nuanced understanding constitutes a noteworthy and valuable contribution to the field of economic research, emphasizing the multifaceted dynamics that underlie pricing mechanisms in a complex economic system.

Research on the Impact of Reducing Industrial and Commercial Electricity Price on Henan's Overall Price Level——Based on Social Accounting Matrix

In order to reduce the operating costs of enterprises and optimize the business environment, China implemented the policy of reducing the general industrial and commercial electricity price by 10% in 2018 and 2019. This study uses the social accounting matrix to evaluate the effect of policy implementation on the price level of Henan Province. Through price transmission, we analyze the impact of industrial and commercial electricity price changes on production price and consumer price fluctuation of other sectors. The results show that the adjustment of general industrial and commercial electricity price has limited effect on the overall economic price level of Henan Province. The impact of electricity price adjustment on urban consumer price index is higher than that of rural consumer price index.

Energy in Eastern Europe — introduction The case of Poland, Hungary and Czechoslovakia

Enormous changes are taking place in Eastern Europe as it restructures politically and economically. The energy sector is not immune from these changes — indeed given its relative size in, and the energy intensity of, their economies, success in the energy sector is vital. This is reinforced by traditional dependence on Soviet imports which are now priced at world levels. Change is occurring at many levels within the energy sector — the break up of monolithic monopolies, a new relationship between government and industry, more commercially oriented trading relationships, moves towards economic price levels, the rationalization of capacity and in some cases privatization. These articles survey developments by focusing on Czechoslovakia, Hungary and Poland.

ECG/LAB: A MERGER OF TWO SYSTEMS ON A MINI‐MIDI COMPUTER COMPLEX

Two major computerized systems, ECG and Clinical Chemistry, have been meshed on an 1BM‐1800/System/7 tandem combination. The System/7 computer serves as (1) an analog‐to‐digital device acquiring both ECG data from 3‐channel data acquisition carts over telephone lines, and laboratory data from autoanalyzers over direct cabling; and (2) a communications concentrator controlling a network of interactive video display units and printers in both the Clinical Chemistry and the ECG Laboratories via asynchronous and synchronous multiplexers. An operating system has been written for the System/7 which handles all I/O from external devices and communicates to the 1BM‐1800 over a direct memory access channel at the rate of 105 words per second. The meshing of the systems has a synergistic effect which makes the system extremely powerful at an economic price level.