Conexión entre el consumo eléctrico, el uso energético y el crecimiento económicoevidencias a través de datos panel para Europa central y los Balcanes

  1. Antonio Jesús García-Amate 1
  2. Alicia Ramírez-Orellana 1
  1. 1 Universidad de Almería
    info

    Universidad de Almería

    Almería, España

    ROR https://ror.org/003d3xx08

Aldizkaria:
Revista de economía mundial

ISSN: 1576-0162

Argitalpen urtea: 2019

Zenbakia: 52

Orrialdeak: 175-190

Mota: Artikulua

DOI: 10.33776/REM.V0I52.3920 DIALNET GOOGLE SCHOLAR lock_openArias Montano editor

Beste argitalpen batzuk: Revista de economía mundial

Laburpena

The relationship and direction of causality between energy consumption and economic variables such as GDP, income or employment have been an emerging topic in recent years. The main objective of this work is to know if there is a committed relationship between the consumption of electric power, the use of energy and economic growth. The sample consists of the 11 countries of Central Europe and Balkans: Bulgaria, Czech Republic, Estonia, Croatia, Hungary, Lithuania, Poland, Romania, Slovak Republic and Slovenia. The results suggest that the consumption of electric power does have a positive relationship with the GDP per capita, while the use of energy has a negative relationship. The results may have relevant political and social implications. Future research in this field could be considered.

Erreferentzia bibliografikoak

  • Acaravci, A., and Ozturk, I. (2010): “Electricity Consumption-Growth Nexus: Evidence from Panel Data for Transition Countries”, Energy Economics, 32(3), 604–608. https://doi.org/10.1016/j.eneco.2009.10.016.
  • Alí Aali Bujari, A. F., Venegas Martínez, and Palafox Roca, A. O. (2017): “Impact of Energy Consumption on Economic Growth in Mayor OECD Economies (1977-2014): A Panel Data Approach”, Journal of Energy Economics and Policy, 7(2), 1.
  • Apergis, N., and Payne, J. E. (2010a): “Energy Consumption and Growth in South America: Evidence from a Panel Error Correction Model”, Energy Economics, 32(6), 1421–1426. https://doi.org/10.1016/j.eneco.2010.04.006.
  • Apergis, N., and Payne, J. E. (2010b): “Renewable Energy Consumption and Economic growth: Evidence from a Panel of OECD Countries”, Energy Policy, 38(1), 656–660. https://doi.org/10.1016/j.enpol.2009.09.002.
  • Baltagi, B. H. (2008): “Econometric Analysis of Panel Data”, Econometric Theory, 13(5), 351, https://doi.org/10.1017/S0266466600006150.
  • Bilgili, F., and Ozturk, I. (2015): “Biomass Energy and Economic Growth Nexus in G7 Countries: Evidence from Dynamic Panel Data”, Renewable and Sustainable Energy Reviews, https://doi.org/10.1016/j.rser.2015.04.098.
  • Breusch, T. S., and Pagan, A. R. (1980): “The Lagrange Multiplier Test and its Applications to Model Specifications in Econometrics”, The Review of Economic Studies, 47(1), 239–253. Retrieved from http://www.jstor.org/dis cover/10.2307/2297111?uid=2&uid=4&sid=21104307935787.
  • Chang, T., Chu, H.-P., and Chen, W.-Y. (2013): “Energy Consumption and Economic Growth in 12 Asian Countries: Panel Data Analysis. Applied Economics Letters, 20(3), 282–287. https://doi.org/10.1080/13504851. 2012.692869.
  • Cuadros-Rodriguez, L., Gonzalez-Casado, A., Garcia-Campana, A. M., and Vilchez, J. L. (1998): “Ensuring both Normality and Homocedasticity of Chromatographic DataRatios for Internal-Standard Least-Squares Calibration”, Chromatographia, 47(9–10), 550–556. https://doi. org/10.1007/BF02467494
  • Dellink, R., Chateau, J., Lanzi, E., and Magné, B. (2017): “Long-term Economic Growth Projections in the Shared Socioeconomic Pathways”, Global Environmental Change, 42, 200–214.
  • Greene, W. W. H. (2000): Econometric Analysis, Prentice Hall (Vol. 97), https:// doi.org/10.1198/jasa.2002.s458.
  • Hamilton, J. D. (2011): “Historical Oil Shocks”, National Bureau of Economic Research, 53(9), 1689–1699.
  • Hausman, J. A. (1978): “Specification Test in Econometrics”, Econometrica, 46(6), 1251–1271, Retrieved from http://www.jstor.org/stable/1913827.
  • Huang, B.-N., Hwang, M. J., and Yang, C. W. (2008): “Causal Relationship between Energy Consumption and GDP Growth Revisited: A Dynamic Panel Data Approach, Ecological Economics, 67(1), 41–54, https://doi.org/10.1016/j.ecolecon.2007.11.006.
  • Inglesi-Lotz, R. (2015): “The Impact of Renewable Energy Consumption to Economic Growth: A Panel Data Application”, Energy Economics, 1–6, https://doi.org/10.1016/j.eneco.2015.01.003.
  • Inglesi Lotz, R. (2016): “The Impact of Renewable Energy Consumption to Economic Growth: A Panel Data Application, Energy Economics, 53, 58–63.
  • Ito, K. (2017): “CO2 Emissions, Renewable and Non-Renewable Energy Consumption, and Economic Growth: Evidence from Panel Data for Developing Countries”, International Economics, 151, 1–6, https://doi. org/10.1016/j.inteco.2017.02.001.
  • Kais, S., and Sami, H. (2016a): “An Econometric Study of the Impact of Economic Growth and Energy Use on Carbon Emissions: Panel Data Evidence From Fifty Eight Countries”, Renewable and Sustainable Energy Reviews, 59, 1101–1110. https://doi.org/10.1016/j.rser.2016.01.054.
  • Lee, C.-C., and Chang, C. P. (2008): “Energy Consumption and Economic Growth in Asian Economies: A more Comprehensive Analysis Using Panel Data”, Resource and Energy Economics, 30(1), 50–65, https://doi.org/10.1016/j. reseneeco.2007.03.003.
  • Lee, C. C. (2005): “Energy Consumption and GDP in Developing Countries: A Cointegrated Panel Analysis”, Energy Economics, 27(3), 415–427, https:// doi.org/10.1016/j.eneco.2005.03.003.
  • Lee, C. C., and Chang, C. P. (2007): “Energy Consumption and GDP Revisited: A Panel Analysis of Developed and Developing Countries”, Energy Economics, 29(6), 1206–1223.
  • Mahadevan, R., and Asafu-Adjaye, J. (2007): “Energy Consumption, Economic Growth and Prices: A Reassessment Using Panel VECM for Developed and Developing Countries”, Energy Policy, 35(4), 2481–2490, https://doi. org/10.1016/j.enpol.2006.08.019.
  • Marques, A. C., Fuinhas, J. A., and Pires Manso, J. R. (2010): “Motivations Driving Renewable Energy in European Countries: A Panel Data Approach”, Energy Policy, 38(11), 6877–6885.
  • Menegaki, A. N., and Ozturk, I. (2013): “Growth and Energy Nexus in Europe and Economic Development in 16 emerging Countries”, Journal of Economic Studies, 40(5), 686-698.
  • Narayan, P. K., and Smyth, R. (2008): “Energy Consumption and Real GDP in G7 Countries: New Evidence from Panel Cointegration with Structural Breaks”, Energy Economics, 30(5), 2331–2341, https://doi.org/10.1016/j. eneco.2007.10.006.
  • Niu, S., Ding, Y., Niu, Y., Li, Y., and Luo, G. (2011): “Economic Growth, Energy Conservation and Emissions Reduction: A Comparative Analysis Based on Panel Data for 8 Asian-Pacific Countries”, Energy Policy, 39(4), 2121– 2131, https://doi.org/10.1016/j.enpol.2011.02.003.
  • Ozcan, B. (2013): “The Nexus between Carbon Emissions, Energy Consumption and Economic Growth in Middle East countries: A Panel Data Analysis”, Energy Policy, 62, 1138–1147, https://doi.org/10.1016/j. enpol.2013.07.016.
  • Sharif Hossain, M. (2011): “Panel Estimation for CO2 Emissions, Energy Consumption, Economic Growth, Trade Openness and Urbanization of Newly Industrialized Countries”, Energy Policy, 39(11), 6991–6999, https://doi.org/10.1016/j.enpol.2011.07.042.
  • Streimikiene, D., and Kasperowicz, R. (2016): “Review of Economic Growth and Energy Consumption: A Panel Cointegration Analysis for EU Countries”, Renewable and Sustainable Energy Reviews, https://doi.org/10.1016/j. rser.2016.01.041.
  • Usama, A., and Che, N. (2014): “Energy Consumption, Pollution and Economic Development in 16 Emerging Countries”, Journal of Economic Studies, 40(5), 686-698.
  • Wang, S. S., Zhou, D. Q., Zhou, P., and Wang, Q. W. (2011): “CO2 Emissions, Energy Consumption and Economic Growth in China: A Panel Data Analysis”, Energy Policy, 39(9), 4870–4875, https://doi.org/10.1016/j. enpol.2011.06.032.
  • Westerlund, J., Thuraisamy, K., and Sharma, S. (2015): “On the Use of Panel Cointegration Tests in Energy Economics”, Energy Economics, 50, 359– 363, https://doi.org/10.1016/j.eneco.2014.08.020.
  • Wolde Rufael, Y. (2014): “Electricity Consumption and Economic Growth in Transition Countries: A Revisit Using Bootstrap Panel Granger Causality Analysis”, Energy Economics, 44, 325–330, https://doi.org/10.1016/j. eneco.2014.04.019.
  • Zambom, A. Z., and Kim, S. (2017): “A Nonparametric Hypothesis Test for Heteroscedasticity in Multiple Regression”, Canadian Journal of Statistics, 45(4), 425–441, https://doi.org/10.1002/cjs.11333.