Umeå University's logo

umu.sePublications
Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
If electricity is the new oil, what effects will an electricity price shock have on the Swedish economy?: A dynamic stochastic general equilibrium model
Umeå University, Faculty of Social Sciences, Umeå School of Business and Economics (USBE), Economics.
2024 (English)Independent thesis Advanced level (degree of Master (Two Years)), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

This paper investigates the macroeconomic effects of a domestic electricity price shock in Sweden, a country undergoing a rapid green energy transition. Using a dynamic stochastic general equilibrium (DSGE) model, the paper analyzes the impact of electricity price volatility under three scenarios: a Baseline scenario, a Low Import - High Demand scenario, and a High Import - High Demand scenario. The results indicate that while output in the non-energy sector remains pretty much unaffected, the domestic electricity sector experiences significant expansion in production and capital investment. Conversely, the non-energy sector sees reductions in electricity input and capital, and both domestic and foreign electricity consumption as well as non-energy consumption experiences sharp declines immediately after the shock. By offering a comprehensive analysis of the economic consequences of an electricity price shock in Sweden, this paper contributes valuable insights to the field of energy economics.

Place, publisher, year, edition, pages
2024.
National Category
Economics
Identifiers
URN: urn:nbn:se:umu:diva-235954OAI: oai:DiVA.org:umu-235954DiVA, id: diva2:1941189
Available from: 2025-03-10 Created: 2025-02-27 Last updated: 2025-03-10Bibliographically approved

Open Access in DiVA

fulltext(1945 kB)31 downloads
File information
File name FULLTEXT01.pdfFile size 1945 kBChecksum SHA-512
57b7062de311baa3a6be07aa92983a2a71a20e82c7fa54ba95b34cf4776166164ed274c1349c31a75f17409ee1838adc255c247600abc7c4ec327c263522c606
Type fulltextMimetype application/pdf

By organisation
Economics
Economics

Search outside of DiVA

GoogleGoogle Scholar
Total: 31 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

urn-nbn

Altmetric score

urn-nbn
Total: 239 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf