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...
Main Authors: | , |
---|---|
Format: | Article |
Language: | English |
Published: |
EconJournals
2012-12-01
|
Series: | International Journal of Energy Economics and Policy |
Subjects: | |
Online Access: | https://dergipark.org.tr/tr/pub/ijeeep/issue/31902/350697?publisher=http-www-cag-edu-tr-ilhan-ozturk |
id |
doaj-b7b09e2988724b3ca85b5885babf2f75 |
---|---|
record_format |
Article |
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 |
_version_ |
1724508096138575872 |