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Wzrost gospodarczy i zużycie energii w krajach postkomunistycznych - bootstrapowa panelowa analiza przyczynowości

descriptionPublicationkeyboard_double_arrow_right Article , Journal 12 Dec 2013Publisher:Uniwersytet Mikolaja Kopernika/Nicolaus Copernicus UniversityJournal:Dynamic Econometric Models, volume 13, page 51 (issn: 1234-3862,

Authors: Monika Papiez; Slawomir Smiech;

doi: 10.12775/dem.2013.003

Wzrost gospodarczy i zużycie energii w krajach postkomunistycznych - bootstrapowa panelowa analiza przyczynowości

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Abstract

The aim of this paper is to identify Granger causality between energy consumption and economic growth in post-communist countries in the period 1993 to 2011. Bootstrap panel Granger causality test was used as a research tool in order to accommodate for countryspecific heterogeneity and to avoid the problem of cross-sectional dependence. The analysis allowed for the verification of the hypothesis regarding the links between economic growth and energy consumption in nine countries. The hypotheses were confirmed: the growth hypothesis in three countries and the feedback hypothesis in one country.

Related Organizations

Cracow University of Economics
Poland
Cracow University of Economics
Poland
Poznań University of Economics and Business
Poland

Keywords

energy consumption, economic growth, bootstrap panel Granger causality, energy efficiency., jel: jel:C33, jel: jel:Q43

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