Energy security and economic growth in the European Union

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F14%3A10283073" target="_blank" >RIV/00216208:11230/14:10283073 - isvavai.cz</a>

Result on the web

<a href="http://dx.doi.org/10.9770/jssi.2014.4.2(2)" target="_blank" >http://dx.doi.org/10.9770/jssi.2014.4.2(2)</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.9770/jssi.2014.4.2(2)" target="_blank" >10.9770/jssi.2014.4.2(2)</a>

Result language

angličtina

Original language name

Energy security and economic growth in the European Union

Original language description

Our paper tackles the issue of the European energy security and economic growth. Specifically, it evaluates the relationship between natural gas consumption and economic growth in the European Union (EU). Channels along which natural gas is supplied to the EU energy markets yield dependence from the Russian Federation which presents a threat to the European energy security Our sample includes panel time series data over the period from 1997 to 2011 for a 26 EU countries. Based on neoclassical growth model, we create a multivariate model including gross fixed capital formation and total labor forces of a country as additional explanatory variables. Using panel cointegration tests, we found that there exists a long-run relationship between economic growth, natural gas consumption, labor and capital. In the short-run there is bidirectional causality between natural gas consumption and economic growth. The causality running from economic growth to natural gas consumption is positive. On th

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AH - Economics

OECD FORD branch

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Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2014

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Journal of Security and Sustainability Issues

ISSN

2029-7025

e-ISSN

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Volume of the periodical

4

Issue of the periodical within the volume

2

Country of publishing house

LT - LITHUANIA

Number of pages

8

Pages from-to

123-130

UT code for WoS article

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EID of the result in the Scopus database

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