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

Year 2012, Volume: 2 Issue: 4, 348 - 356, 01.12.2012

Nicholas Apergis Dan Danuletiu

https://izlik.org/JA95NP73TR

Abstract

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.

Keywords

Energy consumption Growth Cointegration tests Granger-causality

Year 2012, Volume: 2 Issue: 4, 348 - 356, 01.12.2012

Nicholas Apergis Dan Danuletiu

https://izlik.org/JA95NP73TR

Abstract

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Details

Other ID JA83VC79MH
Authors

Nicholas Apergis This is me

Dan Danuletiu This is me

Publication Date December 1, 2012
IZ https://izlik.org/JA95NP73TR
Published in Issue Year 2012 Volume: 2 Issue: 4

Cite

APA Apergis, N., & Danuletiu, D. (2012). Energy Consumption and Growth in Romania: Evidence from a Panel Error Correction Model. International Journal of Energy Economics and Policy, 2(4), 348-356. https://izlik.org/JA95NP73TR
AMA 1.Apergis N, Danuletiu D. Energy Consumption and Growth in Romania: Evidence from a Panel Error Correction Model. IJEEP. 2012;2(4):348-356. https://izlik.org/JA95NP73TR
Chicago Apergis, Nicholas, and Dan Danuletiu. 2012. “Energy Consumption and Growth in Romania: Evidence from a Panel Error Correction Model”. International Journal of Energy Economics and Policy 2 (4): 348-56. https://izlik.org/JA95NP73TR.
EndNote Apergis N, Danuletiu D (December 1, 2012) Energy Consumption and Growth in Romania: Evidence from a Panel Error Correction Model. International Journal of Energy Economics and Policy 2 4 348–356.
IEEE [1]N. Apergis and D. Danuletiu, “Energy Consumption and Growth in Romania: Evidence from a Panel Error Correction Model”, IJEEP, vol. 2, no. 4, pp. 348–356, Dec. 2012, [Online]. Available: https://izlik.org/JA95NP73TR
ISNAD Apergis, Nicholas - Danuletiu, Dan. “Energy Consumption and Growth in Romania: Evidence from a Panel Error Correction Model”. International Journal of Energy Economics and Policy 2/4 (December 1, 2012): 348-356. https://izlik.org/JA95NP73TR.
JAMA 1.Apergis N, Danuletiu D. Energy Consumption and Growth in Romania: Evidence from a Panel Error Correction Model. IJEEP. 2012;2:348–356.
MLA Apergis, Nicholas, and Dan Danuletiu. “Energy Consumption and Growth in Romania: Evidence from a Panel Error Correction Model”. International Journal of Energy Economics and Policy, vol. 2, no. 4, Dec. 2012, pp. 348-56, https://izlik.org/JA95NP73TR.
Vancouver 1.Nicholas Apergis, Dan Danuletiu. Energy Consumption and Growth in Romania: Evidence from a Panel Error Correction Model. IJEEP [Internet]. 2012 Dec. 1;2(4):348-56. Available from: https://izlik.org/JA95NP73TR