Energy Transition in Non-Euro Countries from Central and Eastern Europe: Evidence from Panel Vector Error Correction Model
Autor(a) principal: | |
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Data de Publicação: | 2022 |
Outros Autores: | , , , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Institucional da UNESP |
Texto Completo: | http://dx.doi.org/10.3390/en15239118 http://hdl.handle.net/11449/248018 |
Resumo: | The countries of Central and Eastern Europe, from the non-euro area, have completed the process of economic transition before joining the European Union. Achieving a certain level of economic development and membership in the European Union have generated their involvement in a new transition process, namely the energy transition. Concerns about promoting the low carbon economy have become increasingly complex for those countries that are interested in the environmental impact of economic activity. This study aims to analyze the process of energy transition in the countries of Central and Eastern Europe on the basis of the causality relationship among specific variables for the period 1990–2018. The study is based on cross-sectional panel data and the panel vector error correction model (PVECM). The efforts made by these countries by joining the European Union have generated economic development, with positive effects being recorded on the protection of the environment, a fact due to the strict regulations adopted and rigorous implementation at the national level. Foreign capital had a positive impact on the transition to a low carbon economy because most of the FDI flows attracted by the non-euro countries in the CEE come from Western Europe, i.e., from EU member countries, located either among the founders or among the countries that joined during the first waves of union expansion. Membership in the European Union facilitates the energy transition process for the non-euro countries of Central and Eastern Europe, but the new geopolitical events generate the reconfiguration of the European strategy of considering the need to ensure energy security. |
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Energy Transition in Non-Euro Countries from Central and Eastern Europe: Evidence from Panel Vector Error Correction ModelGranger causalitynon-euro areapanel datarenewable energy transitionVECMThe countries of Central and Eastern Europe, from the non-euro area, have completed the process of economic transition before joining the European Union. Achieving a certain level of economic development and membership in the European Union have generated their involvement in a new transition process, namely the energy transition. Concerns about promoting the low carbon economy have become increasingly complex for those countries that are interested in the environmental impact of economic activity. This study aims to analyze the process of energy transition in the countries of Central and Eastern Europe on the basis of the causality relationship among specific variables for the period 1990–2018. The study is based on cross-sectional panel data and the panel vector error correction model (PVECM). The efforts made by these countries by joining the European Union have generated economic development, with positive effects being recorded on the protection of the environment, a fact due to the strict regulations adopted and rigorous implementation at the national level. Foreign capital had a positive impact on the transition to a low carbon economy because most of the FDI flows attracted by the non-euro countries in the CEE come from Western Europe, i.e., from EU member countries, located either among the founders or among the countries that joined during the first waves of union expansion. Membership in the European Union facilitates the energy transition process for the non-euro countries of Central and Eastern Europe, but the new geopolitical events generate the reconfiguration of the European strategy of considering the need to ensure energy security.Department of Statistics and Econometrics Bucharest University of Economic StudiesInstitute of National EconomyDepartment of Cybernetics Economic Informatics Finance and Accounting Petroleum-Gas University of PloiestiDepartment of Political Economy and Public Finance Economic and Business Statistics and Economic Policy University of Castilla-La ManchaDepartment of Applied Economics University of AlicanteInnovation Economics Institute of Economics University of HohenheimDepartment of Economics Institute of Social and Applied Sciences Federal University of Ouro Preto (UFOP)Department of Production Engineering School of Engineering of Bauru São Paulo State University (UNESP), Campus BauruDepartment of Business Administration Petroleum-Gas University of PloiestiDepartment of Production Engineering School of Engineering of Bauru São Paulo State University (UNESP), Campus BauruBucharest University of Economic StudiesInstitute of National EconomyPetroleum-Gas University of PloiestiUniversity of Castilla-La ManchaUniversity of AlicanteUniversity of HohenheimFederal University of Ouro Preto (UFOP)Universidade Estadual Paulista (UNESP)Apostu, Simona AndreeaPanait, MirelaBalsalobre-Lorente, DanielFerraz, Diogo [UNESP]Rădulescu, Irina Gabriela2023-07-29T13:32:10Z2023-07-29T13:32:10Z2022-12-01info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlehttp://dx.doi.org/10.3390/en15239118Energies, v. 15, n. 23, 2022.1996-1073http://hdl.handle.net/11449/24801810.3390/en152391182-s2.0-85143753114Scopusreponame:Repositório Institucional da UNESPinstname:Universidade Estadual Paulista (UNESP)instacron:UNESPengEnergiesinfo:eu-repo/semantics/openAccess2024-06-28T13:18:34Zoai:repositorio.unesp.br:11449/248018Repositório InstitucionalPUBhttp://repositorio.unesp.br/oai/requestopendoar:29462024-08-05T23:49:13.310968Repositório Institucional da UNESP - Universidade Estadual Paulista (UNESP)false |
dc.title.none.fl_str_mv |
Energy Transition in Non-Euro Countries from Central and Eastern Europe: Evidence from Panel Vector Error Correction Model |
title |
Energy Transition in Non-Euro Countries from Central and Eastern Europe: Evidence from Panel Vector Error Correction Model |
spellingShingle |
Energy Transition in Non-Euro Countries from Central and Eastern Europe: Evidence from Panel Vector Error Correction Model Apostu, Simona Andreea Granger causality non-euro area panel data renewable energy transition VECM |
title_short |
Energy Transition in Non-Euro Countries from Central and Eastern Europe: Evidence from Panel Vector Error Correction Model |
title_full |
Energy Transition in Non-Euro Countries from Central and Eastern Europe: Evidence from Panel Vector Error Correction Model |
title_fullStr |
Energy Transition in Non-Euro Countries from Central and Eastern Europe: Evidence from Panel Vector Error Correction Model |
title_full_unstemmed |
Energy Transition in Non-Euro Countries from Central and Eastern Europe: Evidence from Panel Vector Error Correction Model |
title_sort |
Energy Transition in Non-Euro Countries from Central and Eastern Europe: Evidence from Panel Vector Error Correction Model |
author |
Apostu, Simona Andreea |
author_facet |
Apostu, Simona Andreea Panait, Mirela Balsalobre-Lorente, Daniel Ferraz, Diogo [UNESP] Rădulescu, Irina Gabriela |
author_role |
author |
author2 |
Panait, Mirela Balsalobre-Lorente, Daniel Ferraz, Diogo [UNESP] Rădulescu, Irina Gabriela |
author2_role |
author author author author |
dc.contributor.none.fl_str_mv |
Bucharest University of Economic Studies Institute of National Economy Petroleum-Gas University of Ploiesti University of Castilla-La Mancha University of Alicante University of Hohenheim Federal University of Ouro Preto (UFOP) Universidade Estadual Paulista (UNESP) |
dc.contributor.author.fl_str_mv |
Apostu, Simona Andreea Panait, Mirela Balsalobre-Lorente, Daniel Ferraz, Diogo [UNESP] Rădulescu, Irina Gabriela |
dc.subject.por.fl_str_mv |
Granger causality non-euro area panel data renewable energy transition VECM |
topic |
Granger causality non-euro area panel data renewable energy transition VECM |
description |
The countries of Central and Eastern Europe, from the non-euro area, have completed the process of economic transition before joining the European Union. Achieving a certain level of economic development and membership in the European Union have generated their involvement in a new transition process, namely the energy transition. Concerns about promoting the low carbon economy have become increasingly complex for those countries that are interested in the environmental impact of economic activity. This study aims to analyze the process of energy transition in the countries of Central and Eastern Europe on the basis of the causality relationship among specific variables for the period 1990–2018. The study is based on cross-sectional panel data and the panel vector error correction model (PVECM). The efforts made by these countries by joining the European Union have generated economic development, with positive effects being recorded on the protection of the environment, a fact due to the strict regulations adopted and rigorous implementation at the national level. Foreign capital had a positive impact on the transition to a low carbon economy because most of the FDI flows attracted by the non-euro countries in the CEE come from Western Europe, i.e., from EU member countries, located either among the founders or among the countries that joined during the first waves of union expansion. Membership in the European Union facilitates the energy transition process for the non-euro countries of Central and Eastern Europe, but the new geopolitical events generate the reconfiguration of the European strategy of considering the need to ensure energy security. |
publishDate |
2022 |
dc.date.none.fl_str_mv |
2022-12-01 2023-07-29T13:32:10Z 2023-07-29T13:32:10Z |
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://dx.doi.org/10.3390/en15239118 Energies, v. 15, n. 23, 2022. 1996-1073 http://hdl.handle.net/11449/248018 10.3390/en15239118 2-s2.0-85143753114 |
url |
http://dx.doi.org/10.3390/en15239118 http://hdl.handle.net/11449/248018 |
identifier_str_mv |
Energies, v. 15, n. 23, 2022. 1996-1073 10.3390/en15239118 2-s2.0-85143753114 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Energies |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.source.none.fl_str_mv |
Scopus reponame:Repositório Institucional da UNESP instname:Universidade Estadual Paulista (UNESP) instacron:UNESP |
instname_str |
Universidade Estadual Paulista (UNESP) |
instacron_str |
UNESP |
institution |
UNESP |
reponame_str |
Repositório Institucional da UNESP |
collection |
Repositório Institucional da UNESP |
repository.name.fl_str_mv |
Repositório Institucional da UNESP - Universidade Estadual Paulista (UNESP) |
repository.mail.fl_str_mv |
|
_version_ |
1808129555210174464 |