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Modeling the Interdependence of the Economy and Power Industry Based on Multiplicative Two-Factor Functions


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Abstract

The paper has studied the change in the electric intensity of the Russian economy over the past 25 years. Equations have been constructed that correlate the electricity consumption with GDP (GVA for key economic sectors) and investment volume. The influence of structural changes and power consumption in particular sectors, as well as the modernization of the key economic sectors on the dynamics of the Russian economy electric intensity, has been identified.

About the authors

P. V. Druzhinin

Institute of Economics, Karelian Research Center of the Russian Academy of Sciences

Author for correspondence.
Email: pdruzhinin@mail.ru
Russian Federation, Petrozavodsk, 185030

A. P. Shcherbak

Institute of Economics, Karelian Research Center of the Russian Academy of Sciences

Email: pdruzhinin@mail.ru
Russian Federation, Petrozavodsk, 185030

S. V. Tishkov

Institute of Economics, Karelian Research Center of the Russian Academy of Sciences

Email: pdruzhinin@mail.ru
Russian Federation, Petrozavodsk, 185030

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