Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/168821
Authors: 
Lungu, Camelia I.
Dascalu, Cornelia
Caraini, Chirata
Balea, Erica C.
Year of Publication: 
2014
Citation: 
[Journal:] Amfiteatru Economic Journal [ISSN:] 2247-9104 [Volume:] 16 [Year:] 2014 [Issue:] 35 [Pages:] 187-200
Abstract: 
Energy is a major component of the economy, both as a sector in itself and as an input factor to all other economic activities. This sector is facing major challenges regarding increasing oil prices, severity of climate change or extremely complex implications of the global financial crisis. Organized as an empirical study, based on econometric analysis supported by a rigorous literature review, the paper studies possible correlations between the performance of electricity market, renewable resource consumption, consumers' behaviour, the influence of economic environment and economic development. It also aims to encourage a new and wider research framework regarding the implications of economic policies' use on consumers' perception. The results of the study indicate that the early stage of renewable energy use and the prospect of influencing the consumer behaviour in a way to increase the market performance, through the development of strategies oriented towards sustainable energy consumption, can have a positive impact on companies’ responsibility. It is concluded that consumers' empowerment stimulates competition, raises efficiency and rethinks companies' strategies for environment sustainability.
Subjects: 
consumers' empowerment
corporate responsibility
sustainable environment
market performance
renewable energy
econometric scenarios analysis
JEL: 
D12
M14
Q42
Q43
Q47
Q56
Creative Commons License: 
http://creativecommons.org/licenses/by/4.0/
Document Type: 
Article

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