Analysis of renewable and nonrenewable energy consumption, real GDP and CO2 emissions: A structural VAR approach in Romania

摘要: Impulse responses of our structural VAR portray a positive correlation between the real GDP Romania and energy consumption. The present study employs annual data covering period 1980-2008, brings to light factors playing important role in satisfying requirements, its economic social implications. Any short-run rise requirements is contented with help nonrenewable consumption, for renewable not so common Romania. In addition, high installation cost ignorance about environmental responsibilities etc. might be other possible this limited use energy. It also identifies strong consumption CO2 emissions; resultantly, piles on ecosystem as boosts up. This exaggeration emissions ever time paves some way which appears play minor at stage. represent weak substitution lowers carbon communicates message.