Oil consumption and economic growth interdependence in small European countries
作者： Saš Žiković , Nela Vlahinic-Dizdarević
DOI: 10.1080/1331677X.2011.11517465
关键词:
摘要: The paper examines the existence and direction of causality between oil consumption economic growth in small European countries over period 1980–2007 for developed 1993-2007 transition countries. Our findings show that states can be divided into two groups. first group is characterized by running from real GDP to composed most a number In former case, consequence highly post-industrial society with strong tertiary sector. case economies related deindustrialization process depression resulted sharp industrial decline decreased demand. second growth, which state should employ additional resources subsidizing prices securing long term stable sources its economy. such reduction because different reasons (external shocks, increased taxes on derivatives, restrictive ecological laws regarding CO2 emission) could lead fall growth.
irb.hr
sci-hub.se 参考文章(29)
Randi Susan Ryterman, Stefka Slavova, Harry G. Broadman, Gallina Andronova Vincelette, Constantijn A. Claessens, Maria Vagliasindi, James Anderson, Building Market Institutions in South Eastern Europe: Comparative Prospects for Investment and Private Sector Development ,(2004)
I Kraft, A Kraft, ON THE RELATIONSHIP BETWEEN ENERGY AND GNP ENERGY AND DEVELOPMENT. ,vol. 3, pp. 401- 403 ,(1978)
Paul Edelstein, Lutz Kilian, Retail Energy Prices and Consumer Expenditures Social Science Research Network. ,(2007)
Søren Johansen, Katarina Juselius, MAXIMUM LIKELIHOOD ESTIMATION AND INFERENCE ON COINTEGRATION — WITH APPLICATIONS TO THE DEMAND FOR MONEY Oxford Bulletin of Economics and Statistics. ,vol. 52, pp. 169- 210 ,(2009) , 10.1111/J.1468-0084.1990.MP52002003.X
James G. MacKinnon, Alfred A. Haug, Leo Michelis, Numerical distribution functions of likelihood ratio tests for cointegration Journal of Applied Econometrics. ,vol. 14, pp. 563- 577 ,(1999) , 10.1002/(SICI)1099-1255(199909/10)14:5<563::AID-JAE530>3.0.CO;2-R
John Gever, Robert Kaufmann, David Skole, Charles Vörösmarty, Beyond oil: The threat to food and fuel in the coming decades ,(1986)
Alice Shiu, Pun-Lee Lam, Electricity consumption and economic growth in China Energy Policy. ,vol. 32, pp. 47- 54 ,(2004) , 10.1016/S0301-4215(02)00250-1
Abul M.M. Masih, Rumi Masih, Energy consumption, real income and temporal causality: results from a multi-country study based on cointegration and error-correction modelling techniques Energy Economics. ,vol. 18, pp. 165- 183 ,(1996) , 10.1016/0140-9883(96)00009-6
Jesus Gonzalo, Five alternative methods of estimating long-run equilibrium relationships Journal of Econometrics. ,vol. 60, pp. 203- 233 ,(1994) , 10.1016/0304-4076(94)90044-2
Khalifa H. Ghali, M.I.T. El-Sakka, Energy use and output growth in Canada: a multivariate cointegration analysis Energy Economics. ,vol. 26, pp. 225- 238 ,(2004) , 10.1016/S0140-9883(03)00056-2