Fuel consumption in Ukraine: Evidence from vector error correction model

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dc.contributor.authorOliskevych, Marianna
dc.contributor.authorBeregova, Galyna
dc.contributor.authorTokarchuk, Viktor
dc.date.accessioned2019-06-06T13:52:24Z
dc.date.available2019-06-06T13:52:24Z
dc.date.issued2018
dc.description.abstractThis paper aims to investigate the problems of energy market in Ukrainian economy. The empirical research of various energy sources in Ukraine showed the existence of significant relationships between coal, gas, diesel fuel, gasoline and oil consumption. We estimated the vector error correction model that combined evaluation of long-term interrelations between different fuels indexes and the dynamic description of their short-term behaviour. The modelling showed that in the long-run there were two equilibrium relationships that determined the dynamics of fuel consumption in Ukraine. We estimated the adjustment speeds and described the correlation between short-run changes in fuel usage and deviations from long-run equilibrium. The gas consumption was the most valuable kind of energy that had a great impact on functioning of Ukrainian energy market and the whole economy. The diversification of energy consumption types can give an opportunity to improve the economic situation.en_US
dc.identifier.citationOliskevych M. Fuel consumption in Ukraine: Evidence from vector error correction model [electronic resource] / Oliskevych M., Beregova G., Tokarchuk V. // International Journal of Energy Economics and Policy. - 2018. - Vol. 8, Issue 5. - P. 58-63.en_US
dc.identifier.issn2146-4553
dc.identifier.urihttps://ekmair.ukma.edu.ua/handle/123456789/15859
dc.language.isoenen_US
dc.relation.sourceInternational Journal of Energy Economics and Policy. - 2018. - Vol. 8, Issue 5en_US
dc.statuspublished earlieren_US
dc.subjectEnergy Marketen_US
dc.subjectFuel Consumptionen_US
dc.subjectVector Autoregressive Modelen_US
dc.subjectarticleen_US
dc.titleFuel consumption in Ukraine: Evidence from vector error correction modelen_US
dc.typeArticleen_US
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