Department of Economics and Business Economics

Defining, measuring and ranking energy vulnerability

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  • rp19_01

    Final published version, 641 KB, PDF-document

    Andrea Gatto, ItalyFrancesco Busato, Italy
Vulnerability is reaching an increasing attention from both academia, international community and industry, being detected as a pillar of the development agenda. If the formal definition of overall vulnerability and resilience is still flawed in the economic literature, the measurement and mainstreaming of outlying characteristics and sound policies for energy vulnerability results almost uncovered, often overlapping with other energy issues. Energy vulnerability also results poorly enforced by regulatory, governmental, and legislative systems. After reviewing and furnishing a univocal ambient merging the multiple interpretations on such concepts, this work: i) defines energy vulnerability; ii) builds a composite indicator to measure energy vulnerability; and iii) analyzes and ranks OECD and non-OECD countries in terms of energy vulnerability. The regulatory framework, SDGs and the development agenda are examined, selected indicators from the WB’s WDI are analyzed. The indicator is weighted by a multivariate analysis and its robustness is checked through different techniques.
Original languageEnglish
Place of publicationAarhus
PublisherInstitut for Økonomi, Aarhus Universitet
Number of pages13
Publication statusPublished - 28 Jan 2019
SeriesCREATES Research Papers
Number2019-01

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