An evaluation of gross inland energy consumption of six Central European countries

Authors

  • Dr. Róbert Magda Department of Microeconomics, Institute of Economics, Law and Methodology, Faculty of Economics and Social Sciences, Szent Istvan University, Hungary
  • Dr. Norbert Bozsik Department in Management, Faculty of Economics and Social Sciences, Eszterhazy Karoly University, Hungary
  • Dr. Natanya Meyer North-West University

DOI:

https://doi.org/10.15549/jeecar.v6i2.291

Keywords:

Central European countries, Correlation matrix, Energy consumption, Sankey diagram.

Abstract

The study provides a comprehensive overview of the current structure and utilization of energy production of six Central European countries (Poland, Czech Republic, Slovakia, Bulgaria, Hungary and Romania) focusing on the dependence on energy imports. The purpose of the article was to analyse the gross inland energy consumption of these six countries and to examine the relationship between renewable energy and non-renewable energy sources. A comparative time series analysis method using data from 2010 to 2016 was utilized.  In addition, partial correlation analysis under control variables to determine whether the relationship calculated in the correlation matrix exists or not was applied. Results indicated that in the European Union, the renewables have mainly replaced nuclear energy. A combination of renewables and natural gas replaced the coal in Poland, Czech Republic, Slovakia and Bulgaria. Findings were inconclusive to prove this in Hungary and Romania. The energy production structure of the six Central European countries varies due to the differences in natural endowments. However, the results showed that the renewables mainly replaced coal.

Author Biographies

Dr. Róbert Magda , Department of Microeconomics, Institute of Economics, Law and Methodology, Faculty of Economics and Social Sciences, Szent Istvan University, Hungary

Dr. habil. Róbert Magda is an associate professor, at Szent István University, Faculty of Economics and Social Sciences, Institute of Economics, Law and Methodology and an extra ordinary professor at School of Management Sciences Faculty of Economic and Management Sciences, North-West University, South Africa He has a PhD Economic Science and a Habilitated Doctorate in Management and Business Administration. During his research activities he have gained insight into several fields of research, which include but are not limited to the following: the examination of land as a natural and economic resource; the economic potentials of rural areas; limited resources and sustainability.

Dr. Norbert Bozsik , Department in Management, Faculty of Economics and Social Sciences, Eszterhazy Karoly University, Hungary

Dr. Norbert Bozsik is a college professor at Eszterházy Károly University, Faculty of Economics and Social Sciences, Department of Management. He has a Phd Management and Business Administration from Szent István University. During his research activities he focused on several fields of research, which are the following: analysis of the European food trade, analysis of energy consumption of Visegrad countries, efficiency of agricultural production, labour productivity in the Hungarian food industry. In these research areas he published a series of publications with his colleagues and students, both in domestic and international periodicals, journals and books.

Dr. Natanya Meyer, North-West University

Dr Natanya Meyer is a senior lecturer at North West University (South Africa) in the Faculty of Economic and Management Sciences. She completed her B. Com and Honours degrees in Economics and Risk Management and thereafter her Master’s degree in Development and Management and PhD in Entrepreneurship. Her research focuses on entrepreneurial and economic related topics with a focus on females, youth and the enabling environment. She is a reviewer, editorial board and scientific committee member for several national and international journals and has collaboration links with various Asian and east European universities.

 

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Published

2019-11-30

How to Cite

MAGDA, R., Bozsik , N. ., & Meyer, N. (2019). An evaluation of gross inland energy consumption of six Central European countries. Journal of Eastern European and Central Asian Research (JEECAR), 6(2), 270–281. https://doi.org/10.15549/jeecar.v6i2.291

Issue

Vol. 6 No. 2 (2019): Journal of Eastern European and Central Asian Research

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