Energy Consumption and Growth in Romania: Evidence from a Panel Error Correction Model

This study examines the relationship between energy consumption and economic growth for the economy of Romania over the period 2000-2011 within a multivariate framework. A cointegration and error correction model is employed to infer the causal relationship. Cointegration test reveals a long-run equ...

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Bibliographic Details
Main Authors:	Nicholas Apergis, Dan Danuletiu
Format:	Article
Language:	English
Published:	EconJournals 2012-12-01
Series:	International Journal of Energy Economics and Policy
Subjects:	energy consumption growth cointegration tests granger-causality
Online Access:	https://dergipark.org.tr/tr/pub/ijeeep/issue/31902/350697?publisher=http-www-cag-edu-tr-ilhan-ozturk

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spelling	doaj-b7b09e2988724b3ca85b5885babf2f752020-11-25T03:46:04ZengEconJournalsInternational Journal of Energy Economics and Policy2146-45532012-12-01243483561032Energy Consumption and Growth in Romania: Evidence from a Panel Error Correction ModelNicholas ApergisDan DanuletiuThis study examines the relationship between energy consumption and economic growth for the economy of Romania over the period 2000-2011 within a multivariate framework. A cointegration and error correction model is employed to infer the causal relationship. Cointegration test reveals a long-run equilibrium relationship between real GDP, energy consumption, the labor force, and real gross fixed capital formation with the respective coefficients positive and statistically significant. The Granger-causality results indicate both short-run and long-run causality from energy consumption to economic growth which supports the growth hypothesis.https://dergipark.org.tr/tr/pub/ijeeep/issue/31902/350697?publisher=http-www-cag-edu-tr-ilhan-ozturkenergy consumption growth cointegration tests granger-causality
collection	DOAJ
language	English
format	Article
sources	DOAJ
author	Nicholas Apergis Dan Danuletiu
spellingShingle	Nicholas Apergis Dan Danuletiu Energy Consumption and Growth in Romania: Evidence from a Panel Error Correction Model International Journal of Energy Economics and Policy energy consumption growth cointegration tests granger-causality
author_facet	Nicholas Apergis Dan Danuletiu
author_sort	Nicholas Apergis
title	Energy Consumption and Growth in Romania: Evidence from a Panel Error Correction Model
title_short	Energy Consumption and Growth in Romania: Evidence from a Panel Error Correction Model
title_full	Energy Consumption and Growth in Romania: Evidence from a Panel Error Correction Model
title_fullStr	Energy Consumption and Growth in Romania: Evidence from a Panel Error Correction Model
title_full_unstemmed	Energy Consumption and Growth in Romania: Evidence from a Panel Error Correction Model
title_sort	energy consumption and growth in romania: evidence from a panel error correction model
publisher	EconJournals
series	International Journal of Energy Economics and Policy
issn	2146-4553
publishDate	2012-12-01
description	This study examines the relationship between energy consumption and economic growth for the economy of Romania over the period 2000-2011 within a multivariate framework. A cointegration and error correction model is employed to infer the causal relationship. Cointegration test reveals a long-run equilibrium relationship between real GDP, energy consumption, the labor force, and real gross fixed capital formation with the respective coefficients positive and statistically significant. The Granger-causality results indicate both short-run and long-run causality from energy consumption to economic growth which supports the growth hypothesis.
topic	energy consumption growth cointegration tests granger-causality
url	https://dergipark.org.tr/tr/pub/ijeeep/issue/31902/350697?publisher=http-www-cag-edu-tr-ilhan-ozturk
work_keys_str_mv	AT nicholasapergis energyconsumptionandgrowthinromaniaevidencefromapanelerrorcorrectionmodel AT dandanuletiu energyconsumptionandgrowthinromaniaevidencefromapanelerrorcorrectionmodel
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Energy Consumption and Growth in Romania: Evidence from a Panel Error Correction Model

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