Growth and energy nexus in Europe revisited: Evidence from a fixed effects political economy model

被引：38
|
作者：
Menegaki, Angeliki N. [1 ]
Ozturk, Ilhan [2 ]
机构：
[1] Org Georgikon Asfaliseon, Reg Branch Eastern Macedonia & Thrace, Komotini 69100, Greece
[2] Cag Univ, Fac Econ & Adm Sci, TR-33800 Mersin, Turkey
来源：
ENERGY POLICY | 2013年 / 61卷
关键词：
Energy; Growth; Political stability; UNIT-ROOT TESTS; PANEL-DATA; ERROR-CORRECTION; CONSUMPTION; COINTEGRATION; SPECIFICATION; COMPETITION; CAUSALITY; POLICY;
D O I：
10.1016/j.enpol.2013.06.076
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This is an empirical study on the causal relationship between economic growth and energy for 26 European countries in a multivariate panel framework over the period 1975-2009 using a two-way fixed effects model and including greenhouse gas emissions, capital, fossil energy consumption, Herfindahl index (political competition) and number of years the government chief executive stays in office (political stability) as independent variables in the model. Empirical results confirm bidirectional causality between growth and political stability, capital and political stability, capital and fossil energy consumption. Whether political stability favors the implementation of growth or leads to corruption demands further research. (C) 2013 Elsevier Ltd. All rights reserved.
引用
收藏
页码：881 / 887
页数：7
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