The Paradox of Energy Consumption Decrease in the Transition Period towards a Digital Society

Pelău, Corina; Acatrinei, Carmen

doi:10.3390/en12081428

Cited by 24 publications

(16 citation statements)

References 42 publications

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“…Moreover-and this should be particularly emphasized-the analysis of conditions in this respect is one of the basic elements necessary in the strategic planning process, including in the development of policies. This applies to every sector of the economy, including those that fulfill critical functions, such as the arms industry, banking, telecommunications or energy [32][33][34]. Within the energy sector, for example, the transformation of this market is indicated, taking into account its digitization.…”

Section: Introductionmentioning

confidence: 99%

Developing Digital Economy and Society in the Light of the Issue of Digital Convergence of the Markets in the European Union Countries

et al. 2021

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The main objective of the paper is to present the development of digital economy and society in the Countries of the European Union in the light of the digital convergence of these markets. The analysis was based on the data on the Digital Economy and Society Index (DESI) from 2015 and 2020. Empirical studies have been conducted in two stages. First, basic measures of time series dynamics were used to determine the dynamics of changes in index values. On the other hand, in order to classify countries in terms of similarity of value and structure of the DESI, a cluster analysis was used as one of the basic methods of the so-called unsupervised statistical grouping. The studies presented confirm that the levels of indicators and the dynamics of changes in their value at the level of the synthetic DESI indicator, and in the five underlying areas of analysis, vary despite the fact that almost all are pro-growth, including for isolated clusters of EU-28 countries. When analyzing the DESI synthetic index and its components, it was concluded that there is generally an increase in convergence between the EU-28 countries in terms of the level of development of the digital economy and society, as well as in four components: Connectivity, Human Capital, Use of Internet Services and Digital Public Services. The Integration of Digital Technology area was the only one where increasing polarization of results was observed. The added value of the paper is to fill the research gap in research on the digital convergence of markets in the Countries of the European Union.

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Section: Introductionmentioning

confidence: 99%

Developing Digital Economy and Society in the Light of the Issue of Digital Convergence of the Markets in the European Union Countries

et al. 2021

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“…So, on the one hand, their behavior is assessed as an obstacle to effective interaction, on the other hand, as a resource that must be used [16]. Further, C. Pelau and C. Acatrinei, having examined the effects of digitalization on household energy consumption, conclude that an increase in the number of consumers determines lower energy consumption in the digital economy [17].…”

Section: Methodsmentioning

confidence: 99%

Factors of sustainable development of energy technologies in the formation of digital economy

et al. 2020

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Efficiency in the use of energy resources is a priority for the “smart cities” trajectory of sustainable development. This is an essential condition for improving the economic, social and environmental well-being of citizens in general. The importance of life systems orientation to the consumer as an effective user is emphasized. The factors of sustainable development of technologies were identified: updating and modernization of fixed assets in the fuel and energy complex and other sectors of the economy, social and industrial infrastructure on a new technological and energy-efficient basis; provision of forecasting, full accounting and regulation of energy resources consumption, as well as reduction of their losses. The directions of increasing the energy systems efficiency in various sectors are generalized. The necessity of developing human resources through digital skills training was emphasized.

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“…In addition, many researchers [39][40][41][42] consider that, in analyzing the impact of the renewable energy systems on economic growth, the indicators of RESs should be taken together with other control factors in determining the econometric models, when using panel time data. These control factors are, when the analysis is done at the state level, macroeconomic indicators.…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

Analyzing the Impact of the Renewable Energy Sources on Economic Growth at the EU Level Using an ARDL Model

Bușu

2020

Mathematics

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Energy is one of the most important drivers of economic growth, but as the population is increasing, in normal circumstances, in all countries of the world, there is a demand for energy produced from conventional resources. Increasing prices of conventional energy and the negative impact on the environment are two of the main reasons for switching to renewable energy sources (RESs). The aim of the paper is to quantify the impact of the RESs, by type, on the sustainable economic growth at the European Union (EU) level. The research was performed for all 28 EU member states, for a time frame from 2004 to 2017, through a panel autoregressive distributed lag (ARDL) approach and causality analysis. Furthermore, Hausman test was performed on the regression model. By estimating the panel data regression model with random effects, we reveal through our results that RESs, namely wind, solar, biomass, geothermal, and hydropower energy, have a positive influence on economic growth at EU level. Moreover, biomass has the highest impact on economic growth among all RES. In fact, a 1% increase in biomass primary production would impact the economic growth by 0.15%. Based on econometric analysis, our findings suggest that public policies at the EU level should be focused on investment in RESs.

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The Paradox of Energy Consumption Decrease in the Transition Period towards a Digital Society

Cited by 24 publications

References 42 publications

Developing Digital Economy and Society in the Light of the Issue of Digital Convergence of the Markets in the European Union Countries

Developing Digital Economy and Society in the Light of the Issue of Digital Convergence of the Markets in the European Union Countries

Factors of sustainable development of energy technologies in the formation of digital economy

Analyzing the Impact of the Renewable Energy Sources on Economic Growth at the EU Level Using an ARDL Model

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