Finance and Credit

Abstracting and Indexing

Referativny Zhurnal VINITI RAS
LCCN Permalink
Google Scholar

Online available



Cyberleninka (12 month OA embargo)

Assessing the efficiency of budgetary and extrabudgetary funding of regional programs and projects on energy saving

Vol. 25, Iss. 4, APRIL 2019

Received: 20 February 2019

Received in revised form: 6 March 2019

Accepted: 20 March 2019

Available online: 26 April 2019

Subject Heading: FISCAL SYSTEM

JEL Classification: O44, Q01

Pages: 857–872

Ratner S.V. V.A. Trapeznikov Institute of Control Sciences of Russian Academy of Sciences, Moscow, Russian Federation

Zadorozhnyaya L.E. Kuban State University (KubSU), Krasnodar, Russian Federation

ORCID id: not available

Subject This article assesses the efficiency of budget and extrabudgetary financing of regional programs and projects on energy saving.
Objectives The article aims to develop a methodology for assessing the effectiveness of regional energy management systems and instruments financed from budgetary and extrabudgetary sources, based on strict quantitative approaches.
Methods For the study, we used the methods of statistical analysis (the means equality test, non-parametric correlation analysis, and non-parametric Mann–Whitney U test and Kruskall–Wallis test), and comparative and bibliography analyses.
Results On the basis of statistical analysis of financial mechanisms, the article reveals a negative correlation between extrabudgetary sources of financing and relative energy intensity of GRP only. The article shows that the majority of energy saving and energy efficiency measures has not yielded the desired result, and the budget annual allocations are not effectively spent.
Conclusions The article concludes that there are serious problems in the methods and forms of implementation of administrative, technical and financial measures to improve the energy efficiency of the regions. The implementation of these measures should also be thoroughly analyzed and monitored in view of the absence of long-term positive effects. It is necessary to eliminate cost barriers to energy saving technology introduction.

Keywords: energy intensity, energy management, energy efficiency, regional program, financing


  1. Bashmakov I.A. [What happens to the energy intensity of Russia's GDP?]. Ekologicheskii vestnik Rossii = Environmental Bulletin of Russia, 2018, no. 7, pp. 18–29. URL: Link (In Russ.)
  2. Ratner S.V. [The issues of practical implementation of State economic policy in the field of energy efficiency]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2013, vol. 12, iss. 29, pp. 21–28. (In Russ.)
  3. Bogachkova L.Yu., Khurshudyan Sh.G. [The dynamics of electricity consumption by Russian regions depending on the types of their energy-economic development (for the period from 2005 to 2014)]. Modeli, sistemy, seti v ekonomike, tekhnike, prirode i obshchestve = Models, Systems, Networks in the Economy, Technology, Nature and Society, 2017, no. 4, pp. 4–16. URL: Link (In Russ.)
  4. Ratner S.V., Iosifova L.V. [Assessment of the effectiveness of regional energy conservation programs: The Krasnodar Krai case study]. Regional'naya ekonomika: teoriya i praktika = Regional Economics: Theory and Practice, 2013, vol. 11, iss. 35, pp. 43–49. URL: Link (In Russ.)
  5. Bogachkova L.Yu., Zaitseva E.E., Usacheva N.Yu., Khurshudyan Sh.G. [Tools of support of decision-making in the sphere of management of power economic development of the region: new approaches]. Regional'naya ekonomika. Yug Rossii = Regional Economy. South of Russia, 2017, no. 1, pp. 190–199. (In Russ.) URL: Link
  6. Lehmann E.L. Nonparametrics: Statistical Methods Based on Ranks. Springer, 2006, 464 p.
  7. Sedash T.N. [Public-private partnerships as a mechanism for financing energy conservation and energy efficiency projects]. Upravlencheskie nauki v sovremennom mire = Managerial Sciences in the Modern World, 2016, vol. 1, pp. 244–247. (In Russ.)
  8. Bushuev V.V. [State program "Energy Efficiency and Energy Development"]. Energeticheskaya politika = Energy Policy, 2014, no. 1, pp. 3–22. (In Russ.)
  9. Bashmakov I.A. [Who, where and how much spends on improving energy efficiency? An analysis of foreign experience and the recommendations for Russia]. Akademiya Energetiki = Academy of Energy, 2014, no. 1, pp. 68–81. URL: Link (In Russ.)
  10. Sergeev I.B., Mineeva A.S. [Government stimulation of the industrial energy efficiency improvement: analysis of international practices]. Gornyi informatsionno-analiticheskii byulleten' = Mining Information and Analytical Bulletin, 2015, no. S40, pp. 61–74. URL: Link (In Russ.)
  11. Aronov I.Z. [Energy efficiency: should we turn out electric light?]. Menedzhment innovatsii = Management of Innovations, 2014, no. 1, pp. 4–14. (In Russ.)
  12. Yakhontova E.S. [Labor productivity, energy saving and organizational culture]. Upravlenie korporativnoi kul'turoi, 2017, no. 1, pp. 20–25. (In Russ.)
  13. Lyalin A.M., Pfaifer N.V. [Introduction of energy management system in an organization on the basis of ISO 50001]. Vestnik Universiteta (Gosudarstvennyi universitet upravleniya), 2014, no. 14, pp. 234–242. URL: Link (In Russ.)
  14. Iosifov V.V. [Future development of the Russian markets of energy efficiency technologies for mass consumption]. Daidzhest-finansy = Digest Finance, 2017, vol. 22, iss. 1, pp. 19–32. (In Russ.) URL: Link
  15. Kovalev O.A. [Payback of industrial heat pumps]. Santekhnika, otoplenie, konditsionirovanie, 2016, no. 3, pp. 40–41. (In Russ.)
  16. Weber L. Some Reflections on Barriers to the Efficient Use of Energy. Energy Policy, 1997, vol. 25, iss. 10, pp. 833–835. URL: Link00084-0
  17. Blumstein C., Krieg B., Schipper L., York C. Overcoming Social and Institutional Barriers to Energy Conservation. Energy, 1980, vol. 5, iss. 4, pp. 355–371. URL: Link90036-5
  18. DeCanio S.J. Barriers within Firms to Energy-efficient Investments. Energy Policy, 1993, vol. 21, iss. 9, pp. 906–914. URL: Link90178-I
  19. Stern P.C., Aronson E. Energy Use: The Human Dimension. New York, W.H. Freeman, 1984, 237 p.
  20. Sorrell S., Schleich J., Scott S. et al. Reducing Barriers to Energy Efficiency in Public and Private Organizations. Brighton, Energy Research Centre – Science and Technology Policy Research (SPRU), University of Sussex, 2000.

View all articles of issue


ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

Journal current issue

Vol. 25, Iss. 11
November 2019