Original scientific paper
https://doi.org/10.1080/1331677X.2017.1305785
Energy use, CO2 emissions and economic growth – causality on a sample of SEE countries
Saša Obradović
Nemanja Lojanica
orcid.org/0000-0003-1460-8466
Abstract
The primary aim of this study is to examine the causal relations
between energy use, CO2 emissions and economic growth, using the
examples of Greece and Bulgaria. The empirical evidence on South
Eastern Europe (SEE) considering this research is quite sparse, so there
is merit in the analysis of the paper. Vector Error Correction model with
annual data from 1980 to 2010 has been used in order to determine
potential causality between the variables. The empirical findings
indicate that, in the long run there is causality from energy and CO2
emissions to economic growth in both countries. In the short run,
there is no causality between energy and economic growth neither
on Greece nor on Bulgaria. Based on the results of the analysis certain
recommendations can be presented considering energy policy in
the long run, through the orientation to saving energy could have
negative impact on economic growth.
Keywords
Energy use; CO 2 emissions; economic growth; VECM; generalised impulseresponse function
Hrčak ID:
180852
URI
Publication date:
1.12.2017.
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