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Economic Growth and Energy Consumption in Post-Communist Countries: a Bootstrap Panel Granger Causality Analysis

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  • Monika Papiez

    (Cracow University of Economics)

  • Slawomir Smiech

    (Cracow University of Economics)

Abstract

The aim of this paper is to identify Granger causality between energy consumption and economic growth in post-communist countries in the period 1993 to 2011. Bootstrap panel Granger causality test was used as a research tool in order to accommodate for countryspecific heterogeneity and to avoid the problem of cross-sectional dependence. The analysis allowed for the verification of the hypothesis regarding the links between economic growth and energy consumption in nine countries. The hypotheses were confirmed: the growth hypothesis in three countries and the feedback hypothesis in one country.

Suggested Citation

  • Monika Papiez & Slawomir Smiech, 2013. "Economic Growth and Energy Consumption in Post-Communist Countries: a Bootstrap Panel Granger Causality Analysis," Dynamic Econometric Models, Uniwersytet Mikolaja Kopernika, vol. 13, pages 51-68.
    • Handle: RePEc:cpn:umkdem:v:13:y:2013:p:51-68
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    References listed on IDEAS

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    Cited by:

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    3. Śmiech, Sławomir & Papież, Monika, 2014. "Energy consumption and economic growth in the light of meeting the targets of energy policy in the EU: The bootstrap panel Granger causality approach," Energy Policy, Elsevier, vol. 71(C), pages 118-129.

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    More about this item

    Keywords

    energy consumption; economic growth; bootstrap panel Granger causality; energy efficiency.;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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