Economic Growth and Energy Development: Determining the Interaction

DOI

10.2991/iscfec-18.2019.148How to use a DOI?

Keywords

energy development; economic growth; fuel and energy resources; renewable energy; energy intensity; knowledge; research and development expenditure

Abstract

The article reviews current trends in global energy sector for the last ten years, illustrating energy contribution to economic and social development and highlighting gains and losses from energy commercialization for producers and users. The interaction between economic growth and energy market movements as well as advanced achievements in energy sector is examined on a number of countries. For testing it empirically, a linear regression model was simulated to determine the correlation between the gross output and energy sector indicators. By applying World Bank data two models for Germany and the Russian Federation were developed. The possibility of thermodynamics theory application to advance technologies of fuel and energy resources utilization is considered. Consequently, the system of corresponding knowledge as to the rational and efficient energy use for assuring the security of energy supply is to be generated. Energy security is viewed as a keystone of global sustainability.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Y. Khomenko
AU  - O. Shumaieva
AU  - B. Chegodaev
PY  - 2019/01
DA  - 2019/01
TI  - Economic Growth and Energy Development: Determining the Interaction
BT  - Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2018)
PB  - Atlantis Press
SP  - 647
EP  - 650
SN  - 2352-5428
UR  - https://doi.org/10.2991/iscfec-18.2019.148
DO  - 10.2991/iscfec-18.2019.148
ID  - Khomenko2019/01
ER  -