Effects of natural gas supply on macro-economics: comparative analysis

Energy is the main inputs of products and services. Energy has strategic role at the micro- and macro-economic scales in the countries. Compared with other fossil energy sources, the natural gas has been the most growing one. This fact suggests that understanding the effects of natural gas utilisati...

Full description

Saved in:
Bibliographic Details
Published inInternational journal of ambient energy Vol. 42; no. 5; pp. 483 - 490
Main Authors Roumi, Soheil, Yousefi, Hossein, Aslani, Alireza, Bekhrad, Kaveh
Format Journal Article
LanguageEnglish
Published Taylor & Francis 04.04.2021
Subjects
elasticity
energy supply
Macro-economics
natural gas
regression
Online AccessGet full text

Cover

More Information
Summary:Energy is the main inputs of products and services. Energy has strategic role at the micro- and macro-economic scales in the countries. Compared with other fossil energy sources, the natural gas has been the most growing one. This fact suggests that understanding the effects of natural gas utilisation on the economical situation of different countries is an important subject among researchers and policymakers. This research is conducted to analyse the effect of natural gas supply in the economics of five developed, emerging, and developing countries (US, Brazil, Germany and Iran). The countries were selected based on the importance of natural gas in their energy supply. The results show that countries with natural gas sources (Iran and the US) are more gas dependent. The reason for high natural gas dependency in Iran is due to the lack of effective energy legislation. In other countries (Germany, Brazil and Turkey), the level of development is highly related to the natural gas consumption. To sum up, decent natural gas consumption in beneficial sectors can improve countries economic development.
ISSN:0143-0750
2162-8246
DOI:10.1080/01430750.2018.1525582