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The dynamics of energy production: a composite index

Emmanouil Karakostas
Published: 15 August 2022

Abstract: Energy is a sector of production of considerable interest. Today's era is particularly dependent on energy. Both continuous technological upgrading and the increase in living standards require ever-greater energy security. Many countries in the world are formulating their policies in order to secure energy resources. Energy security is one of the most important objectives of any country in the international economic system. All countries are trying to secure energy resources whether they are endowed or through trade. However, the main issue that arises is the production of energy. Energy production has a direct and indirect impact on a country's economy. It is therefore essential to properly investigate those factors that determine energy production. What are those factors determining energy production? There are many factors that can determine energy production. This study will attempt to set an analytical framework that can analyze the factors that determine energy production. The methodology applied is the construction of a composite index (CI).
Keywords: secure energy / factors that determine / determine energy production / security / countries / energy resources

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