Economic growth and energy consumption: a comparison of comparative analysis of V4 and “old” EU countries

Rafał Kasperowicz , Dalia Streimikiene

Abstract

Our paper uses the panel data approach to investigate the relationship between energy consumption and economic growth for V4 countries and for the 14 EU “old” Member States from 1995 to 2012. We defi ne the diff erences between the estimated results for these t wo groups of countries. We assume that there is a positive relationship between energy use and economic growth. Our results reveal that in the countries in question energy consumption is not neutral to economic growth. Th e estimation of GDP equation indicates that that energy consumption is positively related to economic growth. Energy consumption is a pro-growth variable which means that the increase in energy consumption causes the increase of economic growth. Moreover, the energy consumption in relation to GDP growth in the V4 countries seems to be more effi cient than in the “old” EU countries. Furthermore, our results point at the individual growth rate eff ect of GDP for every country that was not captured by the estimated model.
Author Rafał Kasperowicz (WZ / KM)
Rafał Kasperowicz,,
- Department of Microeconomics
, Dalia Streimikiene
Dalia Streimikiene,,
-
Journal seriesJournal of International Studies, ISSN 2071-8330, e-ISSN 2306-3483, (B 11 pkt)
Issue year2016
Vol9
No2
Pages181-194
Publication size in sheets0.65
Keywords in Englishenergy consumption, economic growth, panel data analysis, V4 countries, European Union
ASJC Classification2002 Economics and Econometrics; 3312 Sociology and Political Science
DOIDOI:10.14254/2071-8330.2016/9-2/14
URL http://www.jois.eu/files/JIS_Vol9_No2_Kasperowicz_Streimikien%C4%97.pdf
Languageen angielski
Score (nominal)11
Score sourcejournalList
ScoreMinisterial score = 11.0, 17-12-2019, ArticleFromJournal
Ministerial score (2013-2016) = 11.0, 17-12-2019, ArticleFromJournal
Publication indicators Scopus SNIP (Source Normalised Impact per Paper): 2016 = 0.497
Citation count*
Cite
Share Share

Get link to the record


* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.
Back
Confirmation
Are you sure?