EU: The Effect of Energy Factors on Economic Growth-Reference-Cited by-同舟云学术

EU: The Effect of Energy Factors on Economic Growth

Published:2023-03-22 Issue:6 Volume:16 Page:2908
ISSN:1996-1073
Container-title:Energies
language:en
Short-container-title:Energies

Author:

Aliev Ayaz¹,Magomadova Madina²,Budkina Anna³,Harputlu Mustafa⁴,Yusifova Alagez³

Affiliation:

1. Department of Financial Sustainable Development, Plekhanov Russian University of Economics, 117997 Moscow, Russia

2. Department of Finance, Credit and Antitrust Regulation, Kadyrov Chechen State University, 364024 Grozny, Russia

3. Department of World Finance, Financial University under the Government of the Russian Federation, 125167 Moscow, Russia

4. Governor of Antakya, Antakya 31000, Turkey

Abstract

In this article, we investigate the effect of different energy variables on economic growth of several oil-importing EU member states. Three periods from 2000 to 2020 were investigated. Three different types of regression models were constructed via the gretl software. Namely, the OLS, FE, and SE approaches to panel data analysis were investigated. The FE approach was chosen as the final one. The results suggest the importance of the consumption of both oil and renewable energy on economic growth. Crises of certain periods also had a noteworthy effect as well.

Publisher

MDPI AG

Subject

Energy (miscellaneous),Energy Engineering and Power Technology,Renewable Energy, Sustainability and the Environment,Electrical and Electronic Engineering,Control and Optimization,Engineering (miscellaneous),Building and Construction

Link

https://www.mdpi.com/1996-1073/16/6/2908/pdf

Reference45 articles.

1. Nuclear Energy-Economic Growth Nexus in OECD Countries: A Panel Data Analysis;Burcu;Int. J. Econ. Perspect.,2017

2. Dynan, K., and Sheiner, L. (2018). Hutchins Center Working Paper 43, The Brookings Institution.

3. Investigating the effects of renewable energy on international trade and environmental quality;Belhadi;J. Environ. Manag.,2020

4. The macroeconomics outcome of oil shocks in the small Eurozone economies;Raduzzi;World Econ.,2019

5. Impacts of renewable energy consumption on the German economic growth: Evidence from combined cointegration test;Rafindadi;Renew. Sustain. Energy Rev.,2017

Cited by 1 articles. 订阅此论文施引文献订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献

1. Assessment of the Formation of the Economic Effect of Cross-Subsidization in the Electric Power Industry;Energies;2023-08-16