Mutual influence of energy efficiency and innovation activity in the industrial sector of the economy

Authors

DOI:

https://doi.org/10.15587/1729-4061.2024.299654

Keywords:

energy efficiency, innovation activity, industrial enterprises, strategic management, correlation analysis

Abstract

The object of the study is energy efficiency and innovation activity of industrial enterprises.

The literature review has shown that the problem of the nature of mutual influence of energy efficiency and innovation activity of the enterprise remains unresolved. The following problem was investigated: existence and nature of dependence of energy efficiency and innovation activity of industrial enterprises. This problem is solved in this study based on the construction of trend lines on the average annual dynamics of changes in energy efficiency, the share of intangible assets and the share of R&D results of large industrial enterprises for 2018–2022. The following results were obtained:

– indicators of the share of intangible assets and R&D results directly affect the energy efficiency indicator;

– the indicator of energy efficiency does not affect the indicator of the share of intangible assets, while it has a direct impact on the indicator of R&D results.

These results explain the priority of the indicator "share of R&D results" in innovation activity for the energy efficiency of enterprises, as it is based on real production. The features of the obtained results consist in the application of comparable correlation analysis coefficients, confirming the existence of a direct relationship between these parameters. The paper provides recommendations on the use of the obtained results at the level of strategic management of an industrial enterprise.

The practical significance of this study is the possibility of applying the findings and recommendations to improve the energy efficiency of industrial enterprises in their innovative development in the scope and conditions corresponding to the developing economy

Author Biographies

Khanbibi Nursapina, Higher School Economics and Audit

Master of Economic Sciences, Senior Lecturer

Tursynzada Kuangaliyeva, Astana IT University

Candidate of Economic Sciences, Associate Professor, Head of School

School of Creative Industry

Aizhan Uryngaliyeva, Zhangir Khan University

Master of Economic Sciences, Senior Lecturer

Higher School of Economics and Audit

Nurkhat Ibadildin, Astana IT University

Candidate of Technical Sciences, Associate Professor, Head of School

School of Creative Industry

Serik Serikbayev, Al-Farabi Kazakh National University

Candidate of Economic Sciences, Senior Lecturer

Department of Business Technology

Ainagul Tulegenova, West Kazakhstan Innovation and Technology University

Master of Economic Sciences, Senior Lecturer

Department of Finance and Economics

Zhaxat Kenzhin, Academy of Physical Education and Mass Sports

PhD Doctor, Associate Professor

Department of Social Humanities

References

  1. Schumpeter, J., Backhaus, U. (2003). The Theory of Economic Development. The European Heritage in Economics and the Social Sciences, 61–116. https://doi.org/10.1007/0-306-48082-4_3
  2. Energy efficiency - targets, directive and rules. European Commission. Available at: https://energy.ec.europa.eu/topics/energy-efficiency/energy-efficiency-targets-directive-and-rules_en
  3. World Bank Group. Enerdata. Available at: https://energystats.enerdata.net/total-energy/world-energy-intensity-gdp-data.html
  4. Strategy documents. European Commission. Available at: https://commission.europa.eu/strategy-documents_en
  5. Varo, A., Jiglau, G., Grossmann, K., Guyet, R. (2022). Addressing energy poverty through technological and governance innovation. Energy, Sustainability and Society, 12 (1). https://doi.org/10.1186/s13705-022-00377-x
  6. Akbari, M., Khodayari, M., Khaleghi, A., Danesh, M., Padash, H. (2020). Technological innovation research in the last six decades: a bibliometric analysis. European Journal of Innovation Management, 24 (5), 1806–1831. https://doi.org/10.1108/ejim-05-2020-0166
  7. Ulybyshev, D., Petrenko, Y., Zhailauov, E., Kenzhebekov, N., Shevyakova, A. (2020). Evaluation of innovative susceptibility of economic subjects in the economy of Kazakhstan. The Economy: Strategy and Practice, 15 (2), 187–201. https://doi.org/10.51176/jesp/issue_2_t16
  8. Syrotynska, N. M. (2015). Ekonomichne otsiniuvannia innovatsiy mashynobudivnykh pidpryiemstv. Lvіv. Available at: https://lpnu.ua/sites/default/files/2020/dissertation/1393/arefsyrotynska.pdf
  9. Islam, M. M., Hossain, M. M. (Eds.) (2020). Science and Technology Innovation for a Sustainable Economy. Springer International Publishing. https://doi.org/10.1007/978-3-030-47166-8
  10. Abbas, J., Balsalobre-Lorente, D., Amjid, M. A., Al-Sulaiti, K., Al-Sulaiti, I., Aldereai, O. (2024). Financial innovation and digitalization promote business growth: The interplay of green technology innovation, product market competition and firm performance. Innovation and Green Development, 3 (1), 100111. https://doi.org/10.1016/j.igd.2023.100111
  11. Chaudhary, S., Kaur, P., Ferraris, A., Bresciani, S., Dhir, A. (2024). Connecting entrepreneurial ecosystem and innovation. Grasping at straws or hitting a home run? Technovation, 130, 102942. https://doi.org/10.1016/j.technovation.2023.102942
  12. The Measurement of Scientific and Technological Activities. Available at: https://www.oecd-ilibrary.org/science-and-technology/oslo-manual_9789264013100-en
  13. Iram, R., Zhang, J., Erdogan, S., Abbas, Q., Mohsin, M. (2019). Economics of energy and environmental efficiency: evidence from OECD countries. Environmental Science and Pollution Research, 27 (4), 3858–3870. https://doi.org/10.1007/s11356-019-07020-x
  14. Muhammad, S., Pan, Y., Agha, M. H., Umar, M., Chen, S. (2022). Industrial structure, energy intensity and environmental efficiency across developed and developing economies: The intermediary role of primary, secondary and tertiary industry. Energy, 247, 123576. https://doi.org/10.1016/j.energy.2022.123576
  15. Sun, H., Edziah, B. K., Kporsu, A. K., Sarkodie, S. A., Taghizadeh-Hesary, F. (2021). Energy efficiency: The role of technological innovation and knowledge spillover. Technological Forecasting and Social Change, 167, 120659. https://doi.org/10.1016/j.techfore.2021.120659
  16. Chichulina, K. (Eds.) (2020). Economics energy efficiency: problems of nowadays and of the future. RS Global S. z O.O. https://doi.org/10.31435/rsglobal/018
  17. BAT reference documents. Available at: https://eippcb.jrc.ec.europa.eu/reference
  18. Salonitis, K. (Ed.) (2020). Energy Efficiency of Manufacturing Processes and Systems. MDPI. https://doi.org/10.3390/books978-3-03936-510-4
  19. Aimagambetov, E. B., Gelmanova, Z. S., Ossik, Yu. I. (2015). Energy management. Karaganda: KarSU, 140. Available at: http://elib.kstu.kz/lib/document/IBIS/F5FC1AD2-4D14-4A16-87C6-76D08037F49B/
  20. Bytsiura, L. O. (2021). Formuvannia stratehii enerhoefektyvnosti na pidpryiemstvi. Ternopіl', 200. Available at: http://dspace.wunu.edu.ua/bitstream/316497/41779/1/aref-butscyra-na-sait.pdf
  21. Sadykov, N. O. (2021). Instrumenty povysheniya energoeffektivnosti promyshlennyh predpriyatiy. Internauka, 16 (2), 63–65.
  22. Balandin, V. S., Davydov, I. N. (2023). Energosberegayushchie tehnologii v razreze promyshlennogo predpriyatiya. Trudy Mezhdunarodnoy nauchno-prakticheskoy konferentsii «XV Saginovskie chteniya. Integratsiya obrazovaniya, nauki i proizvodstva». Karaganda: KarTU, 445–446. Available at: http://elib.kstu.kz/lib/document/TEMAT/C9B7E8F5-9AF2-45FC-8E5C-344189B4C82D/
  23. Abdrahmanov, E., Smirnov, D. (2022). Comprehensive energy saving on food industry enterprises. KazATC Bulletin, 123 (4), 416–425. https://doi.org/10.52167/1609-1817-2022-123-4-416-425
  24. Karduri, R. K. R., Ananth, C. (2023). Energy Efficiency in Industrial Sectors: Future Directions. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.4637816
  25. Tarakbayeva, R. Ye. (2020). Technological innovations aimed at nature conservation. Bulletin of "Turan" University, 1, 214–218. Available at: https://vestnik.turan-edu.kz/jour/article/view/1099/987
  26. Perebyynis, V., Rogoza, M., Bezruk, D., Vitriuk, N. (2023). Economic and Managerial Aspects of Energy Efficiency of Economic Entities in Territorial Communities. Herald of the Economic Sciences of Ukraine, 1 (44), 3–12. https://doi.org/10.37405/1729-7206.2023.1(44).3-12
  27. Energy Efficiency Indicators: Fundamentals on Statistics. IEA. Available at: https://www.iea.org/reports/energy-efficiency-indicators-fundamentals-on-statistics
  28. Taques, F. H., López, M. G., Basso, L. F., Areal, N. (2021). Indicators used to measure service innovation and manufacturing innovation. Journal of Innovation & Knowledge, 6 (1), 11–26. https://doi.org/10.1016/j.jik.2019.12.001
  29. Ibyzhаnova, A., Rustenova, E., Sultanova, Z., Talapbayeva, G., Yerniyazova, Z. (2023). Evaluation of the effectiveness of government support for technology entrepreneurship. Eastern-European Journal of Enterprise Technologies, 5 (13 (125)), 36–46. https://doi.org/10.15587/1729-4061.2023.286390
Mutual influence of energy efficiency and innovation activity in the industrial sector of the economy

Downloads

Published

2024-04-30

How to Cite

Nursapina, K., Kuangaliyeva, T., Uryngaliyeva, A., Ibadildin, N., Serikbayev, S., Tulegenova, A., & Kenzhin, Z. (2024). Mutual influence of energy efficiency and innovation activity in the industrial sector of the economy. Eastern-European Journal of Enterprise Technologies, 2(13 (128), 6–14. https://doi.org/10.15587/1729-4061.2024.299654

Issue

Vol. 2 No. 13 (128) (2024): Transfer of technologies: industry, energy, nanotechnology

Section

Transfer of technologies: industry, energy, nanotechnology

License

Copyright (c) 2024 Khanbibi Nursapina, Tursynzada Kuangaliyeva, Aizhan Uryngaliyeva, Nurkhat Ibadildin, Serik Serikbayev, Ainagul Tulegenova, Zhaxat Kenzhin

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

The consolidation and conditions for the transfer of copyright (identification of authorship) is carried out in the License Agreement. In particular, the authors reserve the right to the authorship of their manuscript and transfer the first publication of this work to the journal under the terms of the Creative Commons CC BY license. At the same time, they have the right to conclude on their own additional agreements concerning the non-exclusive distribution of the work in the form in which it was published by this journal, but provided that the link to the first publication of the article in this journal is preserved.

A license agreement is a document in which the author warrants that he/she owns all copyright for the work (manuscript, article, etc.).
The authors, signing the License Agreement with TECHNOLOGY CENTER PC, have all rights to the further use of their work, provided that they link to our edition in which the work was published.
According to the terms of the License Agreement, the Publisher TECHNOLOGY CENTER PC does not take away your copyrights and receives permission from the authors to use and dissemination of the publication through the world's scientific resources (own electronic resources, scientometric databases, repositories, libraries, etc.).
In the absence of a signed License Agreement or in the absence of this agreement of identifiers allowing to identify the identity of the author, the editors have no right to work with the manuscript.
It is important to remember that there is another type of agreement between authors and publishers – when copyright is transferred from the authors to the publisher. In this case, the authors lose ownership of their work and may not use it in any way.