A Sectoral analysis on relationship between growth and energy in european union

Erdal G., KARAKAŞ G., Ayyildiz B.

Fresenius Environmental Bulletin, cilt.24, sa.5, ss.1641-1648, 2015 (SCI-Expanded, Scopus) identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 24 Sayı: 5
  • Basım Tarihi: 2015
  • Dergi Adı: Fresenius Environmental Bulletin
  • Derginin Tarandığı İndeksler: Science Citation Index Expanded (SCI-EXPANDED), Scopus
  • Sayfa Sayıları: ss.1641-1648
  • Anahtar Kelimeler: Causality, Energy, EU, Growth, Sectors
  • Yozgat Bozok Üniversitesi Adresli: Evet

Özet

In this paper the relationship between economic growth and energy consumption in the European Union (EU) for the period from 1990 to 2011 were investigated. Information for total economy, industry, transport, services, and agriculture in 27 EU countries has been collected. This paper used panel data analysis to decide causality relationships between the series. Findings showed a bi-directional causality between economic growth and energy consumption for both short-run and long-run. However none of the sectors showed bi-directional relationship for short and long-runs together.