Macroeconomic impacts of natural gas introduction in Greece

Caloghirou, YD; Mourelatos, AG; Roboli, A

dc.contributor.author	Caloghirou, YD	en
dc.contributor.author	Mourelatos, AG	en
dc.contributor.author	Roboli, A	en
dc.date.accessioned	2014-03-01T01:12:03Z
dc.date.available	2014-03-01T01:12:03Z
dc.date.issued	1996	en
dc.identifier.issn	0360-5442	en
dc.identifier.uri	https://dspace.lib.ntua.gr/xmlui/handle/123456789/11933
dc.subject	Energy System	en
dc.subject	Gross Domestic Product	en
dc.subject	Input Output Analysis	en
dc.subject	Natural Gas	en
dc.subject	Value Added	en
dc.subject	Input Output	en
dc.subject.classification	Thermodynamics	en
dc.subject.classification	Energy & Fuels	en
dc.title	Macroeconomic impacts of natural gas introduction in Greece	en
heal.type	journalArticle	en
heal.identifier.primary	10.1016/0360-5442(96)00036-9	en
heal.identifier.secondary	http://dx.doi.org/10.1016/0360-5442(96)00036-9	en
heal.language	English	en
heal.publicationDate	1996	en
heal.abstract	Input-output analysis has been applied to assess macroeconomic impacts of investment expenditures required for introduction of natural gas (NG) into the Greek energy system. The final demand vector was assembled from figures estimated in a prefeasibility study. A 12 x 12 input-output table was used to calculate relative changes in gross domestic product (GDP) for the entire economy, sectoral production and value-added, employment, and wages. We show that construction of the national gas grid will significantly affect all five macroeconomic indicators during a period of eight years. Taking into account direct and indirect impacts, GDP will rise by 2.0% whereas employment and wages will increase by 1.6%. If imports are fully replaced by local produce, GDP will rise by 3.0% whereas employment and wages will increase by 2.4 and 2.3%, respectively. The relative change of production for five specified sectors is greater than 24% during the period 1993-2000. Copyright (C) 1996 Elsevier Science Ltd.	en
heal.publisher	PERGAMON-ELSEVIER SCIENCE LTD	en
heal.journalName	ENERGY	en
dc.identifier.doi	10.1016/0360-5442(96)00036-9	en
dc.identifier.isi	ISI:A1996VD95400009	en
dc.identifier.volume	21	en
dc.identifier.issue	10	en
dc.identifier.spage	899	en
dc.identifier.epage	909	en