Energy Dependence and Economic Growth
Abstract
European economies’ dependence on imported energy supply is one of the main problems of the region
within the last 50 years. European Commission along with the World Bank
emphasizes the importance of the diversification of the energy sources to renewable energy through the Climate Policies. This paper focuses on the possible solution of
energy supply dependence of the region through the use of energy
productively. Energy is one of the leading inputs in production and
essential for the economic growth. The attempt in this paper is to
examine how much of use of energy efficiently in production would effect
this relationship. Standardized General Methods of Movements method is used for econometric analysis for the 1990-2015 period for 49 European and Commonwealth countries.
Findings in this study suggests that, when controlled for productivity
being an importer does not affect the economic performance of these
countries. Further, energy productivity by itself significantly improves the economic performance.
Keywords
Kaynakça
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Ayrıntılar
Birincil Dil
İngilizce
Konular
İşletme
Bölüm
Araştırma Makalesi
Yazarlar
Yayımlanma Tarihi
3 Haziran 2018
Gönderilme Tarihi
31 Mayıs 2018
Kabul Tarihi
6 Haziran 2018
Yayımlandığı Sayı
Yıl 2018 Cilt: 2 Sayı: 1