2023
Energy Consumption and Economic Growth in the Czech Republic and Slovakia
KRKOŠKOVÁ, RadmilaZákladní údaje
Originální název
Energy Consumption and Economic Growth in the Czech Republic and Slovakia
Autoři
KRKOŠKOVÁ, Radmila (203 Česká republika, garant, domácí)
Vydání
Praha, Proceedings of the 41st International Conference on Mathematical Methods in Economics, od s. 259-264, 6 s. 2023
Nakladatel
Czech Society for Operations Research
Další údaje
Jazyk
angličtina
Typ výsledku
Stať ve sborníku
Obor
50202 Applied Economics, Econometrics
Stát vydavatele
Česká republika
Utajení
není předmětem státního či obchodního tajemství
Forma vydání
elektronická verze "online"
Odkazy
Organizační jednotka
Obchodně podnikatelská fakulta v Karviné
ISBN
978-80-11-04132-8
ISSN
Klíčová slova anglicky
ADF test; energy; GDP; Granger causality; VEC model
Změněno: 22. 5. 2024 08:45, Mgr. Radmila Krkošková, Ph.D.
Anotace
V originále
Energy consumption and economic growth are interconnected, and the relationship between them is complex and dependent on various factors. Key aspects of this relationship include: energy consumption as a driver of economic growth; technological progress and efficiency; structural changes in the economy; policies and regulations. This article examines the long-term relationship between energy consumption and real GDP for the Czech Republic and Slovakia from 2005 to 2022. Many studies have explored the linkages between energy consumption, economic growth, and energy efficiency. The aim of this contribution is to contribute to this topic by analyzing the Granger causality between the indicators. This paper focuses on the predictive power (Granger causality) rather than estimating the true causal relationship of the VAR/VECM model. The results for both countries indicate that energy consumption Granger-causes GDP. This means that energy-saving policies may slow down the pace of GDP growth. These findings are based on the analysis of Eurostat data from 2005 to 2022 for the Czech Republic and Slovakia, using the statistical software EViews 11 for calculations.