2017
DOI: 10.14254/1800-5845/2017.13-4.4
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Assessment of Lithuanian Energy Sector Influence on GDP

Abstract: The relationship between the Economic growth and Energy Sector performance is unquestionable. Honewer it is not an easy task to evaluate the strength of this relationship. The majority of scientists are investigating the impact of certain Energy Sector's activities on the overall energy consumption, climate change or Economic growth. This article analyzes the influence of Energy Sector to GDP of Lithuania. The objective of the research is to show how the results of Lithuanian Energy Sector in 2005-2015 have be… Show more

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Cited by 10 publications
(5 citation statements)
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“…Consequently, various metrics produce different results and interpretations. Thus, the analyses of energy security and further energy policy developing became increasingly difficult (Mačerinskienė & Kremer -Matyškevič, 2017;Štreimikienė et al, 2016).…”
Section: Literature Reviewmentioning
confidence: 99%
“…Consequently, various metrics produce different results and interpretations. Thus, the analyses of energy security and further energy policy developing became increasingly difficult (Mačerinskienė & Kremer -Matyškevič, 2017;Štreimikienė et al, 2016).…”
Section: Literature Reviewmentioning
confidence: 99%
“…One of the key industries in today's economy is the energy industry. Numerous studies, including Faisal et al [1], Mačerinskienė and Kremer-Matyškevič [2], Al-Mulali [3], Simionescu et al [4], and Hannesson [5] prove the close relationship between energy consumption and GDP growth of economies all over the world. This means that the development of the energy industry is not only an indication of the level of development of a particular economy, but it can also significantly support this process.…”
Section: Introductionmentioning
confidence: 99%
“…Piłatowska and Włodarczyk (2018) conducted the study that shows that despite the trend to energy intensity reduction and increase in the share of energy derived from renewable sources, there is still a stable long-term relationship between GDP growth and increased carbon emissions in most European countries. On the other hand, the relationship between the value added created in the energy sector and GDP growth is weak (Mačerinskienė and Kremer-Matyškevič, 2017;Kasperowicz and Štreimikienė, 2016), which indicates the feasibility of reforming it in the direction of production increase of clean electricity.…”
Section: Introductionmentioning
confidence: 99%