ORIGINAL PAPER
Fiscal stimuli to improve energy efficiency under the economic recovery policy: an empirical approach of Ukraine
 
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1
Department of Finance named after Victor Fedosov, Kyiv National Economic University named after Vadym Hetman, Ukraine
 
2
Guest Scientist, University of Bremen, Germany
 
3
Faculty of Finance of the Department of Finance named after Victor Fedosov, Kyiv National Economic University named after Vadym Hetman, Ukraine
 
 
Submission date: 2023-03-20
 
 
Final revision date: 2023-05-23
 
 
Acceptance date: 2023-05-23
 
 
Publication date: 2023-09-19
 
 
Corresponding author
Anastasiia Hryhorenko   

Department of Finance named after Victor Fedosov, Kyiv National Economic University named after Vadym Hetman, Ukraine
 
 
Polityka Energetyczna – Energy Policy Journal 2023;26(3):5–26
 
KEYWORDS
TOPICS
ABSTRACT
The world economy is constantly faced with crises that cause a significant negative impact. Each crisis poses new challenges to the economy and, on the one hand, inhibits economic growth, and on the other hand, can become a powerful stimulus for the development and rethinking of fundamental approaches to its construction. Conducting an analysis and establishing relationships between the economic situation and the state of the energy sector make it possible not only to predict the future but also to develop specific steps to prevent crises or reduce their negative impact. At the same time, establishing and evaluating the relationship between key economic and energy indicators, the main one of which is definitely the energy intensity of GDP, will provide an opportunity to understand how improving energy security will affect the economic situation in the country. The generalization of Ukraine’s experience in rebuilding and recovering the economy after the biggest crisis creates a basis for further research in the field of energy management, crisis management, economics, and the construction of investment policy. The reconstruction of Ukraine after the war has the potential to become the most significant stimulus for development and economic growth. During the crisis, it is very important to pay attention to the country’s energy security. In particular, it is necessary to ensure the diversification of energy resources, taking into account their rising cost. Energy markets are currently experiencing extreme volatility caused by geopolitical tensions, which requires additional attention in the development and implementation of strategic guidelines for sustainable economic recovery in Ukraine.
METADATA IN OTHER LANGUAGES:
Polish
Bodźce fiskalne do poprawy efektywności energetycznej w ramach polityki ożywienia gospodarczego: podejście empiryczne Ukrainy
efektywność energetyczna, energochłonność, PKB, bezpieczeństwo energetyczne, kryzys finansowy
Gospodarka światowa nieustannie boryka się z kryzysami, które negatywnie na nią wpływają. Każdy kryzys stawia przed nią nowe wyzwania i z jednej strony hamuje jej wzrost, z drugiej może stać się potężnym bodźcem do rozwoju i przemyślenia fundamentalnych podejść do jej budowy. Przeprowadzenie analizy i ustalenie zależności między sytuacją gospodarczą a stanem sektora energetycznego pozwala nie tylko przewidywać przyszłość, ale także opracować konkretne działania zapobiegające kryzysom lub zmniejszające ich negatywne skutki. Jednocześnie ustalenie i ocena relacji między kluczowymi wskaźnikami ekonomicznymi i energetycznymi, z których głównym jest zdecydowanie energochłonność PKB, pomoże zrozumieć, w jaki sposób poprawa bezpieczeństwa energetycznego wpłynie na sytuację gospodarczą kraju. Uogólnienie doświadczeń Ukrainy w odbudowie gospodarki po największym kryzysie stwarza podstawę do dalszych badań w zakresie zarządzania energią, zarządzania kryzysowego, ekonomii oraz budowy polityki inwestycyjnej. Odbudowa Ukrainy po wojnie ma potencjał, by stać się najważniejszym bodźcem rozwoju i wzrostu gospodarczego tego kraju. W czasie kryzysu bardzo ważne jest zwrócenie uwagi na bezpieczeństwo energetyczne. W szczególności konieczne jest zapewnienie dywersyfikacji źródeł energii przy uwzględnieniu ich rosnących kosztów. Rynki energii doświadczają obecnie skrajnej niestabilności spowodowanej napięciami geopolitycznymi, co wymaga dodatkowej uwagi przy opracowywaniu i wdrażaniu strategicznych wytycznych dla trwałego ożywienia gospodarczego na Ukrainie.
 
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