• Energy Research

The main aim of the paper is to assess the impact of fix capital, energy use and domestic material consumption in changing the inland Romanian economic paradigm, from an economic perspective, using the intensive form of the Cobb-Douglas function. In order to identify various connections of economic growth, sustainable development, energy usage has determined the application of the vector error correction (VEC) model and the implied error correction term (ECT). This method was chosen based on the premise that it has a high degree of applicability and it can be used in order to revile significant aspects terms of indicator significance and displays. The results obtained during the research confirm that both in Romania and at EU-28 level there are determinant and significant elements shaping a proactive economic policy.

Environmental taxation represents a key influence on sustainable development in post-transition countries. Romania has experienced important transformations of environmental policy, including taxation, due to sustained reliance on traditional energy sources to satisfy its energy needs. The aim of this paper is to show a possible causal relationship between the Romanian GDP and several explanatory variables related to taxation of environmental damage and energy generation and consumption in the country. In order to do this, the authors make use of several statistical tests to verify the existence of a meaningful relationship between economic variables expressed in time series. The study has also attempted to identify the influence of environmental taxation on ensuring green economic development, starting from the premise that for emergent economies these taxes provide both a GDP increase and prevent environmental degradation by decreasing the pollution and environmentally harmful supplies and practices.

Abstract Analyzing of the effects and the determinants of the energy paradigm changes on influencing the economic growth in European Union starts from the assumption that the economy is highly dependent of energy consumption in achieving of the economic growth and welfare for population. Consequently, the changes in the energy paradigm imply significant transformations in the production structures and their evolution. The aim of the paper is to present and evaluate the effects and determinants of the energy paradigm changes on assuring economic growth in European Union, by using the panel data approach and its subsequent techniques. In this respect, there was considered the evolution of nine economic variables across 30 countries, representing the EU member States during the examined period, plus Iceland and Norway, in order to revile direct and irrefutable connections among these variables in shaping the new energetic paradigm in European space. The results obtained during the research confirm that all nine variables are determinant and significant elements in shaping a new and proactive energy policy and it undoubtedly contribute in achieving of the sustainable economic development