Preview

Information and Innovations

Advanced search

The Impact of the Energy Crisis on the Economy and on the Standard of Living of the Population of the Republic of Moldova

https://doi.org/10.31432/1994-2443-2022-17-1-6-18

Abstract

The economy of the Republic of Moldova, which suffered two misfortunes a year before the global energy crisis: drought and the coronavirus pandemic, is struggling to cope with the problems provoked by the energy crisis. The subject of this study is the energy crisis, its premises, and its consequences. The purpose of the research is to develop proposals for improving the efficiency of management in the energy sector, and the main tasks are to identify the prerequisites and causes of the energy crisis, to assess the impact of the crisis on the economy of the Republic of Moldova and on the standard of living of the population. In this study, methods such as statistical-economic, abstract-logical, and economic-mathematical were used, and the EViews program was applied to evaluate correlation dependencies. The main results obtained are the identification of the consequences of the energy crisis for the national economy and for the population, as well as proposals for improving the efficiency of energy sector management.

About the Author

T. G. Gutium
National Institute for Economic Research (NIER)
Moldova, Republic of

PhD Economics, Leading Scientific Researcher

Kishinev,  Ion Creanga str., 45



References

1. Berahab Rim. The Energy Crisis of 2021 and its Implications for Africa // Policy Brief, 2022. № 06. P. 1-11.

2. Gilbert Alex, Bazilian Morgan D., and Gross Samantha. The emerging global natural gas market and the energy crisis of 2021-2022. Brookings publication. December 2021 // URL: https://www.brookings.edu/wp-content/uploads/2021/12/FP_20211214_global_ energy_crisis_gilbert_bazilian_gross.pdf.

3. World Bank, Commodity Price Data (The Pink Sheet) // URL: https://www.worldbank.org/en/research/commoditymarkets.

4. World Bank, GDP growth (annual %) // URL: https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=EU.

5. Xizer Patrik. Razvitie gazovy’x xabov i ix rol’ v formirovanii benchmarkov dlya fizicheskix kontraktov na postavku prirodnogo gaza. E’nergeticheskij centr Moskovskoj shkoly’ upravleniya Skolkovo, 2017 // URL: https://sk.skolkovo.ru/storage/file_storage/1e4ade53-9508-4cd0-9a88-72675af85ff6/research01.pdf.

6. Gutium, T. Criza energetică: cauzele și impactul asupra bunăstării populației / Securitatea energetică și linii electrice dirijate [Energy crisis: causes and impact on the well-being of the population / Energy Security and Controlled Power Transmissions]. Chisinau: CEP USM: Institutul de energetica, 2021, vol. 12, nr. 27. P. 48-53.

7. Aggregated Gas Storage Inventory // URL: https://agsi.gie.eu/#/historical/eu.

8. Wholesale Gas Price Survey. 2021 Key Findings Summary // URL: https://www.igu.org/wp-content/uploads/2021/07/IGU_WPR2021_Summary-2.pdf.

9. Statistical Review of World Energy 2021 // URL: https://www.bp.com/content/dam/bp/business-sites/en/global/corporate/pdfs/energy-economics/ statistical-review/bp-stats-review-2021-full-report.pdf.

10. Gutium, T. Gas Pricing Mechanisms: Overview, Comparative Analysis and Recommendations // 2021 International Conference on Electromechanical and Energy Systems (SIELMEN). 2021. P. 045-050. DOI: 10.1109/ SIELMEN53755.2021.9600393.

11. Energy // URL: https://statistica.gov. md/category.php?l=en&idc=128.

12. Population incomes and expenditures in 2021 // URL: https://statistica.gov.md/newsview.php?l=en&id=7344&idc=168


Review

For citations:


Gutium T.G. The Impact of the Energy Crisis on the Economy and on the Standard of Living of the Population of the Republic of Moldova. Information and Innovations. 2022;17(1):6-18. (In Russ.) https://doi.org/10.31432/1994-2443-2022-17-1-6-18

Views: 3406


Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.


ISSN 1994-2443 (Print)
ISSN 2949-2157 (Online)