by
Iorgulescu Polimeni, Raluca
and Polimeni, John M.
Published in Romanian Journal of Economic Forecasting,
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International agencies and national governments base their energy strategies on gross domestic product (GDP) growth rates and energy intensity goals. Given the complexity of the transition process from a command economy to an open-market economy in Central and Eastern Europe, this paper argues that the use of energy intensity as an objective for the energy policy is overly simplified and suggests that a more accurate governance tool is the combined analysis of economic labor productivity and exosomatic metabolic rates as defined in the Multi-Scale Integrated Assessment of Societal Metabolism approach. The cases of structural change in Bulgaria, Poland, Hungary, and Romania are used to investigate the aforementioned claim.
Keywords:
energy, Jevons’ paradox, transitional economies, societal metabolism, MSIASM, Romania
JEL Classification:
O13, P28, Q4, N7