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Export, Energy Consumption and Economic Growth Inter-Linkages: The Case of Lithuania

Export, Energy Consumption and Economic Growth Inter-Linkages: The Case of Lithuania AbstractThis paper has aimed to examine the causal relationships between energy consumption – economic growth, export – energy consumption and export – economic growth in Lithuania during the period of 1998 – 2015. Descriptive statistics analysis and econometric techniques have been applied for this purpose. Granger causality test has been used to a time series data set to determine the causality between variables. The results of Granger causality test have shown unidirectional causality running from GDP to energy consumption, from export to GDP and from export to energy consumption. It is obvious that GDP and export play significant roles in accelerating energy consumption in Lithuania. The determination of the causal links between energy consumption – economic growth, export – economic growth and energy consumption – export has provided policy makers with the main insights to formulate future policy directions for sustainable economic development in Lithuania. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Scientific Annals of Economics and Business de Gruyter

Export, Energy Consumption and Economic Growth Inter-Linkages: The Case of Lithuania

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Publisher
de Gruyter
Copyright
© 2017 Gitana Dudzevičiūtė et al., published by De Gruyter Open
eISSN
2501-3165
DOI
10.1515/saeb-2017-0025
Publisher site
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Abstract

AbstractThis paper has aimed to examine the causal relationships between energy consumption – economic growth, export – energy consumption and export – economic growth in Lithuania during the period of 1998 – 2015. Descriptive statistics analysis and econometric techniques have been applied for this purpose. Granger causality test has been used to a time series data set to determine the causality between variables. The results of Granger causality test have shown unidirectional causality running from GDP to energy consumption, from export to GDP and from export to energy consumption. It is obvious that GDP and export play significant roles in accelerating energy consumption in Lithuania. The determination of the causal links between energy consumption – economic growth, export – economic growth and energy consumption – export has provided policy makers with the main insights to formulate future policy directions for sustainable economic development in Lithuania.

Journal

Scientific Annals of Economics and Business – de Gruyter

Published: Oct 1, 2017

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    Eurostat
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    Dritsaki
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    Dudzeviciute
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    Sadorsky
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    Tang
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    Balitskiy
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    Sharma
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    Mishra
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    Foster
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    Shahzad
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    Ahmed
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    Payne
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    Ullah
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    Dritsaki
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    Wernerheim
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    Dudzeviciute
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    Trost
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    Dawe
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    Chen
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    Hussaini
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    Narayan
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    Foster
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    Polo
  • On the dynamics of energy consumption and output in the US http dx org
    Payne
  • Efficiency Exporting Evidence from Firm - Level Data http dx org
    Roy
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    Campo
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    Furouka
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    Marwan
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    Ullah
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    Saidi
  • Renewable and Non Consumption Nexus Evidence from a Panel Error Correction Model http dx org
    Apergis
  • Defense Consumption in China http dx org
    Bildirici
  • The Effect of Increasing Exports on Industrial Energy Intensity in China http dx org
    Zheng
  • The Export led Case Study of Rica http dx doi org
    Gokmenoglu
  • Causality Relationship between GDP Consumption in Georgia and Policy
    Kalyoncu
  • Causality between Exports and Economic Investigating Suitable Trade Policy for Pakistan of
    Abbas
  • Predictability within the Energy Consumption - Economic Growth Nexus : Some Evidence from Income and Regional Groups Modelling http dx org
    Narayan
  • Export Aid Remittance Evidence from Sudan http dx org
    Marwan
  • consumption Economic growth nexus for China Renewable http dx doi org
    Lin
  • The Causal Relationship Between Exports and Economic in of
    Shihab
  • Growth Exports and Foreign Direct Investment in Least Developed Countries Panel Causality Modelling http dx org
    Tekin
  • Modeling the Global Relationships among Economic Consumption CO Emissions Renewable http dx doi org
    Chen
  • Consumption New Insights into the Cointegration Relationship http dx org
    Belke
  • The Export led Case Study of Rica http dx doi org
    Gokmenoglu
  • Efficiency and Natural Gas Consumption in the Context of Economic Development in the European Union Renewable http dx doi org
    Balitskiy
  • of Economic Growth and Consumption Panel Cointegration Analysis for EU Countries Renewable http dx doi org
    Streimikiene
  • Impact of Renewable and Non - Consumption on Economic Growth : New Evidence from the MENA Net Oil Exporting Countries http dx org
    Kahia
  • Consumption and Economic Growth Nexus in the Baltic Countries Causality Approach Transactions on Knowledge VII
    Dudzeviciute
  • Consumption and Economic Growth Revisited in African Countries http dx org
    Eggoh