Energy consumption and economic growth nexus in Portugal, Italy, Greece, Spain and Turkey
Autor(a) principal: | |
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Data de Publicação: | 2012 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.6/6765 |
Resumo: | The paper examines the nexus between primary energy consumption and growth in Portugal, Italy, Greece, Spain and Turkey (PIGST), with annual time series data, from 1965 to 2009. PIGST are southern European economies which have experienced several episodes that make them of particular interest to the study of periods of economic expansion and stagnation. An ARDL bounds test approach is a suitable technique to examine energy-growth nexus, within the context of countries with both sporadic shocks (outliers) and permanent shocks (structural breaks). Empirical results suggest bidirectional causality between energy and growth in both the long-run and short-run, supporting the feedback hypothesis. The results reveal themselves to be robust to panel framework. An energy conservation policy will reduce GDP growth, while a saving phenomenon is observed, since one additional unit of product requires less than one unit of energy. |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Energy consumption and economic growth nexus in Portugal, Italy, Greece, Spain and TurkeyAn ARDL bounds test approach (1965–2009)ARDL bounds testShort and long-run elasticitiesEnergy-growth nexusPIGSTThe paper examines the nexus between primary energy consumption and growth in Portugal, Italy, Greece, Spain and Turkey (PIGST), with annual time series data, from 1965 to 2009. PIGST are southern European economies which have experienced several episodes that make them of particular interest to the study of periods of economic expansion and stagnation. An ARDL bounds test approach is a suitable technique to examine energy-growth nexus, within the context of countries with both sporadic shocks (outliers) and permanent shocks (structural breaks). Empirical results suggest bidirectional causality between energy and growth in both the long-run and short-run, supporting the feedback hypothesis. The results reveal themselves to be robust to panel framework. An energy conservation policy will reduce GDP growth, while a saving phenomenon is observed, since one additional unit of product requires less than one unit of energy.uBibliorumFuinhas, José AlbertoMarques, António Cardoso2019-01-14T10:56:41Z20122012-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.6/6765eng10.1016/j.eneco.2011.10.003metadata only accessinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-12-15T09:45:32Zoai:ubibliorum.ubi.pt:10400.6/6765Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T00:47:24.633396Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Energy consumption and economic growth nexus in Portugal, Italy, Greece, Spain and Turkey An ARDL bounds test approach (1965–2009) |
title |
Energy consumption and economic growth nexus in Portugal, Italy, Greece, Spain and Turkey |
spellingShingle |
Energy consumption and economic growth nexus in Portugal, Italy, Greece, Spain and Turkey Fuinhas, José Alberto ARDL bounds test Short and long-run elasticities Energy-growth nexus PIGST |
title_short |
Energy consumption and economic growth nexus in Portugal, Italy, Greece, Spain and Turkey |
title_full |
Energy consumption and economic growth nexus in Portugal, Italy, Greece, Spain and Turkey |
title_fullStr |
Energy consumption and economic growth nexus in Portugal, Italy, Greece, Spain and Turkey |
title_full_unstemmed |
Energy consumption and economic growth nexus in Portugal, Italy, Greece, Spain and Turkey |
title_sort |
Energy consumption and economic growth nexus in Portugal, Italy, Greece, Spain and Turkey |
author |
Fuinhas, José Alberto |
author_facet |
Fuinhas, José Alberto Marques, António Cardoso |
author_role |
author |
author2 |
Marques, António Cardoso |
author2_role |
author |
dc.contributor.none.fl_str_mv |
uBibliorum |
dc.contributor.author.fl_str_mv |
Fuinhas, José Alberto Marques, António Cardoso |
dc.subject.por.fl_str_mv |
ARDL bounds test Short and long-run elasticities Energy-growth nexus PIGST |
topic |
ARDL bounds test Short and long-run elasticities Energy-growth nexus PIGST |
description |
The paper examines the nexus between primary energy consumption and growth in Portugal, Italy, Greece, Spain and Turkey (PIGST), with annual time series data, from 1965 to 2009. PIGST are southern European economies which have experienced several episodes that make them of particular interest to the study of periods of economic expansion and stagnation. An ARDL bounds test approach is a suitable technique to examine energy-growth nexus, within the context of countries with both sporadic shocks (outliers) and permanent shocks (structural breaks). Empirical results suggest bidirectional causality between energy and growth in both the long-run and short-run, supporting the feedback hypothesis. The results reveal themselves to be robust to panel framework. An energy conservation policy will reduce GDP growth, while a saving phenomenon is observed, since one additional unit of product requires less than one unit of energy. |
publishDate |
2012 |
dc.date.none.fl_str_mv |
2012 2012-01-01T00:00:00Z 2019-01-14T10:56:41Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.6/6765 |
url |
http://hdl.handle.net/10400.6/6765 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
10.1016/j.eneco.2011.10.003 |
dc.rights.driver.fl_str_mv |
metadata only access info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
metadata only access |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
|
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1799136369591713792 |