Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2018.1427610
An analysis of biomass consumption and economic growth in transition countries
Melike Bildirici
orcid.org/0000-0003-3925-844X
; Economics, Yildiz Technical University, Istanbul, Turkey
Fulya Özaksoy
; Department of Economics and Finance, Dogus University, Istanbul, Turkey
Sažetak
In this paper, the relationship between biomass energy consumption
and economic growth was analysed for some European Transition
Countries. Two econometrical methods, which are time series
(Autoregressive Distributed Lag (A.R.D.L.) bounds testing approach
and Granger Causality) and Panel data methods (Pedroni test, Panel
Johansen test and Panel Causality test) were used to determine
the cointegration relationship between the variables. A.R.D.L. and
Granger Causality methods were practiced for Albania, Bulgaria and
Romania for the 1981–2014 period. Panel Cointegration and Causality
methods were applied for Bosnia and Herzegovina, Czech Republic,
Hungary, Macedonia and Slovak Republic for the 1991–2014 period;
and Croatia, Estonia, Latvia and Slovenia for the 1995–2014 period.
According to the results, while short-run and long-run causality results
demonstrate that the conservation hypothesis is valid for Albania
and the countries in group 1, evidence of the growth hypothesis
is supported for Bulgaria, Romania and the countries in group 2.
In strong causality results, evidence of bidirectional causality for all
countries is found.
Ključne riječi
Biomass; transition countries; A.R.D.L.; Panel Granger causality; Pedroni test; Panel Johansen test
Hrčak ID:
200679
URI
Datum izdavanja:
3.12.2018.
Posjeta: 894 *