Economic sustainability of energy systems and prices in the EU

Economic sustainability of energy system and energy prices in the European Union (EU) constitutes an important issue that includes many multidimensional perspectives and calls for non-trivial solutions. Our paper tackles these issues in a critical manner attempting to analyse the interdependence bet...

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Bibliographic Details
Published in:Entrepreneurship and Sustainability Issues 2017-06, Vol.4 (4), p.591-600
Main Authors: Strielkowski, Wadim, Lisin, Evgeny, Astachova, Elena
Format: Article
Language:English
Subjects:
Economic growth
Energy prices
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Summary:Economic sustainability of energy system and energy prices in the European Union (EU) constitutes an important issue that includes many multidimensional perspectives and calls for non-trivial solutions. Our paper tackles these issues in a critical manner attempting to analyse the interdependence between the economic growth and the energy prices. We employ an empirical analysis of energy prices and economic growth in the European Union (EU-28 Member States) and make conclusions based on the results of this analysis. Our conclusions can be used by the relevant stakeholders and policy-makers who are responsible for the regulation of energy systems or setting up the energy tariffs and the prices of energy.
ISSN:2345-0282
2345-0282
DOI:10.9770/jesi.2017.4.4(14)