J 2021

CAUSALITY BETWEEN ENERGY CONSUMPTION AND ECONOMIC GROWTH IN THE V4 COUNTRIES

KRKOŠKOVÁ, Radmila

Základní údaje

Originální název

CAUSALITY BETWEEN ENERGY CONSUMPTION AND ECONOMIC GROWTH IN THE V4 COUNTRIES

Autoři

KRKOŠKOVÁ, Radmila (203 Česká republika, garant, domácí)

Vydání

Technological and Economic Development of Economy, 2021, 2029-4913

Další údaje

Jazyk

angličtina

Typ výsledku

Článek v odborném periodiku

Obor

50202 Applied Economics, Econometrics

Stát vydavatele

Litva

Utajení

není předmětem státního či obchodního tajemství

Odkazy

CAUSALITY BETWEEN ENERGY CONSUMPTION AND ECONOMIC GROWTH IN THE V4 COUNTRIES

Kód RIV

RIV/47813059:19520/21:A0000217

Organizační jednotka

Obchodně podnikatelská fakulta v Karviné

DOI

http://dx.doi.org/10.3846/tede.2021.14863

UT WoS

000681057300006

Klíčová slova anglicky

ADF test; causality; energy; GDP; VECM; Visegrad Group

Štítky

impakt

Příznaky

Mezinárodní význam, Recenzováno
Změněno: 13. 9. 2021 09:14, Mgr. Radmila Krkošková, Ph.D.

Anotace

V originále

Energy plays an important role in economic development. This paper deals with the long-run relationship between energy consumption and real GDP for V4 countries from 2005 to 2019. The analysis was based on the unit root tests, co-integration tests, and causality tests. There are two questions. The first question is if energy consumption is the stimulus to GDP, resp. energy consumption causes GDP. And the second question is if GDP is the stimulus for energy consumption, resp. GDP causes the consumption of energy. Energy consumption has an essential role in the economy on both the demand and the supply. It means that there should be a causal relationship from energy consumption to GDP as well as vice versa. Given that in the long run the energy consumption Granger causes the GDP in Slovakia, Hungary, and the Czech Republic, it means that energy consumption could cause economic growth in these countries. The only country where no significant relationship between energy consumption and the GDP has been demonstrated in Poland.
Zobrazeno: 23. 11. 2024 02:47