Economic growth and energy consumption in 12 European countries: a panel data approach

Rafał Kasperowicz

Abstract

The paper investigates the relationships between energy consumption and economic growth for 12 European countries over 13 years using data for the sample period of 2000 to 2012. Understanding the relationships of energy consumption in relation to the economy is very important task to ensure a stable economic development. The hypothesis of the study says that there is a positive relationship between energy use and economic growth. The estimation of GDP equation indicated that that the energy consumption is positive related to the economic growth. The evaluated regression model includes growth rates of Energy Consumption and growth rates of Gross Fixed Capital in real prices. The analysis let to state that in the analyzed countries energy consumption is not neutral to economic growth. Furthermore, the applied modeling pointed the individual growth rate effect of GDP for every country, that was not captured by the estimated model.
Author Rafał Kasperowicz (WZ / KM)
Rafał Kasperowicz,,
- Department of Microeconomics
Journal seriesJournal of International Studies, ISSN 2071-8330, e-ISSN 2306-3483, (B 11 pkt)
Issue year2014
Vol7
No3
Pages112-123
Publication size in sheets0.55
Keywords in Englishenergy consumption, economic growth, EU
ASJC Classification2002 Economics and Econometrics; 3312 Sociology and Political Science
DOIDOI:10.14254/2071-8330.2014/7-3/10
URL https://www.jois.eu/files/Vol_7_2_Rafal_Kasperowicz.pdf
Languageen angielski
Score (nominal)11
Score sourcejournalList
ScoreMinisterial score = 8.0, 16-12-2019, ArticleFromJournal
Ministerial score (2013-2016) = 11.0, 16-12-2019, ArticleFromJournal
Publication indicators Scopus SNIP (Source Normalised Impact per Paper): 2014 = 0.327
Citation count*23 (2020-06-17)
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* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.
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