LAPSE:2023.13672
Published Article

LAPSE:2023.13672
Assessment of the Economic Efficiency of Energy Development in the Industrial Sector of the European Union Area Countries
March 1, 2023
Abstract
The European Union’s Green Deal emphasises the importance of improving the efficiency of the energy sector in its countries, which is why the issues involved are relevant in both scientific and practical terms. The article sets out the hypothesis that conveying the state of the economic efficiency of energy development by grades does not reflect the real situation. Instead of ranks, it is proposed to form homogeneous groups of some countries based on non-linear data normalisation instead of today’s universally used linearisation. Grouping the euro area countries in the European Union on the basis of the value of the cost-effectiveness indicator for the energy development of their industrial sector confirmed the appropriateness of the proposed method-ology. In this way, three groups of countries were formed according to the level of cost-effectiveness achieved. The proposed methodology for grouping countries is universal and can be used for international comparisons of any kind.
The European Union’s Green Deal emphasises the importance of improving the efficiency of the energy sector in its countries, which is why the issues involved are relevant in both scientific and practical terms. The article sets out the hypothesis that conveying the state of the economic efficiency of energy development by grades does not reflect the real situation. Instead of ranks, it is proposed to form homogeneous groups of some countries based on non-linear data normalisation instead of today’s universally used linearisation. Grouping the euro area countries in the European Union on the basis of the value of the cost-effectiveness indicator for the energy development of their industrial sector confirmed the appropriateness of the proposed method-ology. In this way, three groups of countries were formed according to the level of cost-effectiveness achieved. The proposed methodology for grouping countries is universal and can be used for international comparisons of any kind.
Record ID
Keywords
clustering, economic efficiency, energy development, industrial sector
Subject
Suggested Citation
Ginevičius R, Trishch R, Bilan Y, Lis M, Pencik J. Assessment of the Economic Efficiency of Energy Development in the Industrial Sector of the European Union Area Countries. (2023). LAPSE:2023.13672
Author Affiliations
Ginevičius R: Faculty of Engineering Management, Bialystok University of Technology, 15-351 Bialystok, Poland
Trishch R: Faculty of Systems Control of Aircraft, National Aerospace University, 61-000 Kharkov, Ukraine
Bilan Y: Faculty of Management, Rzeszow University of Technology, 35-959 Rzeszow, Poland [ORCID]
Lis M: Faculty of Applied Sciences, WSB University, 41-300 Dąbrowa Górnicza, Poland [ORCID]
Pencik J: Faculty of Civil Engineering, Institute of Building Structures, Brno University of Technology, 601-90 Brno, Czech Republic [ORCID]
Trishch R: Faculty of Systems Control of Aircraft, National Aerospace University, 61-000 Kharkov, Ukraine
Bilan Y: Faculty of Management, Rzeszow University of Technology, 35-959 Rzeszow, Poland [ORCID]
Lis M: Faculty of Applied Sciences, WSB University, 41-300 Dąbrowa Górnicza, Poland [ORCID]
Pencik J: Faculty of Civil Engineering, Institute of Building Structures, Brno University of Technology, 601-90 Brno, Czech Republic [ORCID]
Journal Name
Energies
Volume
15
Issue
9
First Page
3322
Year
2022
Publication Date
2022-05-02
ISSN
1996-1073
Version Comments
Original Submission
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PII: en15093322, Publication Type: Journal Article
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LAPSE:2023.13672
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https://doi.org/10.3390/en15093322
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[v1] (Original Submission)
Mar 1, 2023
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