Resumen de Factors Influencing Changes In Aggregate Energy Consumption. An European Cross-Country Analysis

Paula Fernández González, Manuel Landajo Álvarez, María José Presno Casquero

• A number of previous papers have proposed index-based methods to decompose the change of an aggregate indicator into a series of predefined factors. These approaches range from classical techniques, including Laspeyres/Paasche index-based weighting schemes, to more refined proposals. In this paper we outline and apply a refined method (so-called LMDI), which is exhaustive and uses logarithmic mean weighting. The LMDI framework is then used to decompose the variation of aggregate energy consumption in the EU-27 countries. The decomposition is carried out into three factors, namely, activity, structural and intensity.