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Pregled bibliografske jedinice broj: 747724

Revisiting the Energy Consumption-Growth Nexus for Croatia: New Evidence from a Multivariate Framework Analysis


Vlahinić, Nela; Jakovac, Pavle
Revisiting the Energy Consumption-Growth Nexus for Croatia: New Evidence from a Multivariate Framework Analysis // Contemporary Economics, 8 (2014), 4; 435-452 (podatak o recenziji nije dostupan, izvorni znanstveni rad, znanstveni)


Naslov
Revisiting the Energy Consumption-Growth Nexus for Croatia: New Evidence from a Multivariate Framework Analysis

Autori
Vlahinić, Nela ; Jakovac, Pavle

Izvornik
Contemporary Economics (2084-0845) 8 (2014), 4; 435-452

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, izvorni znanstveni rad, znanstveni

Ključne riječi
Economic growth ; energy consumption ; ARDL ; Croatia

Sažetak
This paper applies the most recently developed autoregressive distributed lag (ARDL) co- integration procedure to re-investigate co- integration and the causal relationship between energy consumption and real GDP within a multivariate framework that includes capital stock and labor input for Croatia during the 1952–2011 period. The empirical results fully support a positive long-run co-integrated relationship between production inputs and real GDP and the important role of energy in economic growth. It is found that a unidirectional causality runs from total final energy consumption to real GDP in the long run and that a bidirectional causality in the short run, which means that energy is a necessary requirement for economic growth. Additionally, the reduction in energy consumption could adversely affect GDP in the short and long run. Therefore, Croatia should adopt a more vigorous economic policy aimed toward increasing investments in installed energy capacities and reforming the economic structure towards re- industrialization and more energy-efficient industries.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

Napomena
Ovaj rad je sufinancirala Hrvatska zaklada za znanost projektom IP-2013-11-2203 te Sveučilište u Rijeci potporom istraživanjima br. 13.02.1.3.05.



POVEZANOST RADA


Projekt / tema
13.02.1.3.05
HRZZ-IP-2013-11-2203 - Ekonomski i socijalni učinci reformi energetskog sektora na održivi ekonomski rast (Nela Vlahinić-Dizdarević, )

Ustanove
Ekonomski fakultet, Rijeka

Časopis indeksira:


  • Web of Science Core Collection (WoSCC)
    • Emerging Sources Citation Index (ESCI)
  • Scopus


Uključenost u ostale bibliografske baze podataka:


  • ABI/INFORM
  • EconLit
  • Gale Science in Context
  • Cabell's Directories
  • DOAJ
  • EconPapers
  • Google Scholar, IDEAS
  • IndexCopernicus
  • ProQuest
  • RePEc
  • Scirus
  • SCOPUS
  • SSRN
  • Ulrichsweb
  • WorldCat, Zetoc