期刊名称：International Journal of Energy Economics and Policy
电子版ISSN：2146-4553
出版年度：2012
卷号：2
期号：4
页码：348-356
语种：English
出版社：EconJournals
摘要：This study examines the relationship between energy consumption and economic growth for the economy of Romania over the period 2000-2011 within a multivariate framework. A cointegration and error correction model is employed to infer the causal relationship. Cointegration test reveals a long-run equilibrium relationship between real GDP, energy consumption, the labor force, and real gross fixed capital formation with the respective coefficients positive and statistically significant. The Granger-causality results indicate both short-run and long-run causality from energy consumption to economic growth which supports the growth hypothesis. Keywords: E nergy consumption; Growth; Cointegration tests; Granger-causality JEL Classifications : C23; Q43
