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

Yıl 2012, Cilt: 2 Sayı: 4, 348 - 356, 01.12.2012

Nicholas Apergis Dan Danuletiu

Öz

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.

Anahtar Kelimeler

Energy consumption Growth Cointegration tests Granger-causality

Yıl 2012, Cilt: 2 Sayı: 4, 348 - 356, 01.12.2012

Nicholas Apergis Dan Danuletiu

Öz

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Ayrıntılar

Diğer ID JA83VC79MH
Bölüm Araştırma Makalesi
Yazarlar

Nicholas Apergis Bu kişi benim

Dan Danuletiu Bu kişi benim

Yayımlanma Tarihi 1 Aralık 2012
Yayımlandığı Sayı Yıl 2012 Cilt: 2 Sayı: 4

Kaynak Göster

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. Aralık 2012;2(4):348-356.
Chicago Apergis, Nicholas, ve Dan Danuletiu. “Energy Consumption and Growth in Romania: Evidence from a Panel Error Correction Model”. International Journal of Energy Economics and Policy 2, sy. 4 (Aralık 2012): 348-56.
EndNote Apergis N, Danuletiu D (01 Aralık 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 ve D. Danuletiu, “Energy Consumption and Growth in Romania: Evidence from a Panel Error Correction Model”, IJEEP, c. 2, sy. 4, ss. 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 (Aralık 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 ve Dan Danuletiu. “Energy Consumption and Growth in Romania: Evidence from a Panel Error Correction Model”. International Journal of Energy Economics and Policy, c. 2, sy. 4, 2012, ss. 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.