Exploring the relationship between energy consumption and GDP: Evidence from Croatia

Borozan, Djula

doi:10.1016/j.enpol.2013.03.061

Cited by 68 publications

(39 citation statements)

References 21 publications

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“…7 According to Borozan (2013), Vlahinić-Dizdarević (2011), Ying et al (2011), Kakar andKhilji (2011), Vlahinić-Dizdarević andŽiković (2010), Imran and Siddiqui (2010), Tsani (2010), Odhiambo (2010), Odhiambo (2009), Gelo (2009), Erbaykal (2008, Chiou-Wei et al (2008), Erdal et al (2008, Akinlo (2008), Jobert and Karanfil (2007), Lee (2006), Lee (2005), Hatemi-J and Irandoust (2005) and Aqeel and Butt (2001). 8 For more detailed international evidence on energy consumption -economic growth nexus see Payne (2010) and Ozturk (2010 Borozan (2013), the cointegration between the series was not established. Our paper, on the other hand, (re)examines the relationship between economic growth and energy consumption in Croatia for the period 1952 -2010 but with the possibility of a structural break in the data.…”

Section: Gdp↔energymentioning

confidence: 99%

“…We are taking in consideration longer time period then, for instance, Vlahinić-Dizdarević and Žiković (2010) and recently Borozan (2013) did and the possibility of a structural break which was not recognized in the paper by Gelo (2009). The rest of the paper is organized as follows: Section 2 reviews the empirical literature on energy consumption-economic growth nexus.…”

Section: Introductionmentioning

confidence: 99%

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Empirical Analysis on Economic Growth and Energy Consumption Relationship in Croatia¹

Jakovac¹

2013

Economic Research-Ekonomska Istraživanja

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This paper investigates the causal relationship between economic growth and energy consumption in Croatia for the period 1952-2010. Using Chow breakpoint test we identified a structural break in the year 1989. Therefore, we have conducted our analysis on two sub-samples. The first one refers to the period 1952-1989 while the second one refers to the period 1993-2010. The years between 1990 and 1992 have been omitted from the analysis due to massive damage to the Croatian economy caused by the war at that time. Our findings suggest that there is a bidirectional feedback in the short-run and that causality runs from energy consumption to economic growth in the long-run in the first sub-sample. At that time, especially in mid 1970s, Croatia became a medium developed industrial country with the industry sector as the biggest consumer of energy so energy consumption played an important role in the growth process. After the structural break, we found a unidirectional causality running from economic growth to energy consumption. In this case, energy conservation policies together with the establishment of a competitive energy market may be feasible with little or no detrimental side effects to economic growth and employment.

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Section: Gdp↔energymentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Empirical Analysis on Economic Growth and Energy Consumption Relationship in Croatia¹

Jakovac¹

2013

Economic Research-Ekonomska Istraživanja

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“…Djula Borozan made a study of the relationship between the two in Croatia covering the period between 1992 and 2010, employing the bivariate VAR and Granger causality tests. The result showed there was a unidirectional causality running from total energy consumption to GDP [11]. Yris D. Fondja Wandji studied the nature of the relationship between energy consumption and economic growth and the results revealed that a percentage point increase in oil products consumption could boost the economic growth by around 1.1% [12].…”

Section: Relationship Of Coal Consumption and Economic Growthmentioning

confidence: 99%

Study on the Relationships Between Coal Consumption and Economic Growth of the Six Biggest Coal Consumption Countries: With Coal Price as a Third Variable

Lei

Pan

2014

Energy Procedia

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“…DjulaBorozan [7], Yris D. FondjaWandji [8] used VAR model, ARDL model, VECM model and Grainger causality test of different periods and different regions to test the relationship between energy consumption and economic growth. The results found with unidirectional or bidirectional Grainger causal relationship between energy consumption and economic growth.…”

Section: Literature Reviewmentioning

confidence: 99%

Study on the Driving Factors of Economic Growth in Shanxi Province

Li¹,

Pan²,

Si³

2015

Proceedings of the 2015 International Conference on Economics, Social Science, Arts, Education and Management Engineering

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Abstract. At present, the macroeconomic situation in Shanxi province is complicated and the economy downtown pressure is increasing. Based on this background, this paper investigates the relationships between the industrial structure effect and economic growth, demand driving effect and economic growth, endowments driving effect and economic growth in Shanxi province using Granger causality test and the data during the period from 1978 to 2011.

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Exploring the relationship between energy consumption and GDP: Evidence from Croatia

Cited by 68 publications

References 21 publications

Empirical Analysis on Economic Growth and Energy Consumption Relationship in Croatia¹

Empirical Analysis on Economic Growth and Energy Consumption Relationship in Croatia¹

Study on the Relationships Between Coal Consumption and Economic Growth of the Six Biggest Coal Consumption Countries: With Coal Price as a Third Variable

Study on the Driving Factors of Economic Growth in Shanxi Province

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