Revisiting the Energy Consumption-Growth Nexus for Croatia: New Evidence from a Multivariate Framework Analysis

Vlahinić, Nela; Jakovac, Pavle

doi:10.5709/ce.1897-9254.155

Cited by 11 publications

(3 citation statements)

References 65 publications

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“…During the recession, the Croatian economy lost about 13 per cent of its value. Recent findings in Croatia corroborate that there is a bidirectional causality between economic growth and energy consumption in the short run (Vlahnic and Jakovac, 2014) and an unidirectional causality between economic growth and electricity consumption that runs from real GDP to electricity (Borozan, 2013). However, considerable structural changes that happened over the recession years opened up the possibility for SC and RC to become more pronounced.…”

Section: Results With Discussionmentioning

confidence: 87%

Unveiling the factors affecting final electricity consumption: does the regional component matter?

Borozan

Starčević

2018

IJESM

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Purpose The purpose of this paper is to explore the developments in final electricity consumption, estimate the portions of changes that can be attributed to national, sectoral or regional factors, and to investigate determinants of the regional component (RC) in Croatia at the subnational level in the period 2001-2013. Design/methodology/approach In the first stage, the dynamic shift-share method is used to decompose final electricity consumption, and then, in the second stage, the panel population-averaged logit model is conducted to find the main determinants of the extracted RC. Findings The results show that both the sectoral factor and the regional factor are responsible for an increase in electricity consumption over the period considered, whereby the regional specificities had a larger impact in general. Thereby, the most developed regions, including the tourism-oriented ones, exhibited the largest average increase in electricity consumption mainly due to positive effects of the regional-specific factors, while the negative effects of these factors were mainly responsible for low average rates of changes in electricity consumption in less developed regions. Practical implications The results suggest that regional-specific energy conservation programs might be more effective in improving energy efficiency than the sector-oriented ones, as well as that socio-economic and contextual determinants matter when it comes to the probability of having a positive regional effect on the electricity consumption rate. Originality/value The paper investigated the determinants of the extracted RC which has not yet been addressed in the energy economics literature.

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Section: Results With Discussionmentioning

confidence: 87%

Unveiling the factors affecting final electricity consumption: does the regional component matter?

Borozan

Starčević

2018

IJESM

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“…In the long run, there is one way causality from energy consumption and GDP. JJ Cointeration analysis and VECM are used in this research [12].…”

Section: Nasiru Et Al Detected Cointegration Between Oil Consumptionmentioning

confidence: 99%

On Energy Dependence, Current Account Deficit and Population in Turkey

Berk¹,

Cin²

2018

OJBM

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Energy industry is one of the most important elements in the development of countries. Energy dependence occurs when the energy produced in a country by using its own resources is unable to meet the consumption where the lacking amount needs to be imported. This might lead to significant effects in the current account of an economy. However in addition to non-renewable energy sources (such as natural gas, and oil), alternative production is available in Turkey (such as wind, solar, geothermal, biomass, and hydrogen) as well as projects to install nuclear plants. The population in Turkey on the other hand is unlikely to decrease even in the long term. In the Turkish economy, energy industry might affect the economic growth, trade deficit and population growth. This is proven by various studies explained in the summary of literature section of this paper. In this paper, energy consumption, population and trade deficit are analyzed in a data sample from a period of 1970 until 2014. The data is obtained from World Bank and Central Bank of Turkey. The relationship between energy consumption, population and current account deficit is analyzed by using Granger causality analysis, Augmented Dickey Fuller (ADF) Unit Roots Test", Vector Autoregression (VAR) and Vector Error Correction Models (VECM). As a result of the "Granger Causaility Analysis", it is determined that there is a two way relationship between energy consumption and trade deficit and one way relationship between population and trade deficit and between population and energy consumption. Therefore energy production strategies including the use of existing reserves and alternative energy sources are suggested for sustainable economic growth.

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“…It is very legitimate and operates in any climate condition. By taking it into consideration, it is very necessary to impose different policies for energy consumption to increase the stakeholders and individuals to invest in this energy capacity is to decrease import dependence (Vlahinić and Jakovac, 2014). The use of prosumer of energy will increase social benefits and bring savings in the long run by using active consumption methodologies.…”

Section: Introductionmentioning

confidence: 99%

Development and Challenges for the Functioning of the Renewable Energy Prosumer in Poland: A Legal Perspective

Stadniczeńko¹

2020

IJEEP

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The study centers around one of the principal challenges of the Polish economy -the development of prosumer renewable energy sources. Poland has the biggest portion of coal inconclusive energy utilization. The development of renewable energy sources is the main test even with environmental protection challenges and EU pressure. Right now, Poland data are taken from World Development Indicators (WDI) of Prosumer renewable energy, nonrenewable energy, economic growth and analyze the effect of prosumer renewable energy under the EKC hypothesis. ARDL applied to evaluate the effect of prosumer renewable energy and economic growth on carbon emission and Results demonstrate that prosumer renewable energy has a huge negative effect on Poland's condition which implies it is valuable for Poland's Economy and furthermore there exists the EKC hypothesis. Besides, economic growth has a beneficial outcome condition in start later it negatively which results in healthy environments. In this way, the Polish Govt. received Prosumer renewable energy sources and environmentally well-disposed innovations at each phase of the creation procedure is significant for improving the environment.

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Revisiting the Energy Consumption-Growth Nexus for Croatia: New Evidence from a Multivariate Framework Analysis

Cited by 11 publications

References 65 publications

Unveiling the factors affecting final electricity consumption: does the regional component matter?

Unveiling the factors affecting final electricity consumption: does the regional component matter?

On Energy Dependence, Current Account Deficit and Population in Turkey

Development and Challenges for the Functioning of the Renewable Energy Prosumer in Poland: A Legal Perspective

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