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

Nicholas Apergis; Dan Danuletiu

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

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

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

Abstract

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Details

Other ID	JA83VC79MH
Journal Section	Research Article
Authors	Nicholas Apergis This is me Dan Danuletiu This is me
Publication Date	December 1, 2012
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.
AMA	Apergis N, Danuletiu D. Energy Consumption and Growth in Romania: Evidence from a Panel Error Correction Model. IJEEP. December 2012;2(4):348-356.
Chicago	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 2, no. 4 (December 2012): 348-56.
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	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, 2012.
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 2012), 348-356.
JAMA	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, 2012, pp. 348-56.
Vancouver	Apergis N, Danuletiu D. Energy Consumption and Growth in Romania: Evidence from a Panel Error Correction Model. IJEEP. 2012;2(4):348-56.