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A Var Analysis of the Connection between FDI and Economic Growth: A Case Study from Vietnam after 30 Years Reforms

Author

Listed:
  • Georgeta Soava

    (Faculty of Economics and Business Administration, University of Craiova, Romania)

  • Anca Mehedintu

    (Faculty of Economics and Business Administration, University of Craiova, Romania)

  • Mircea Raduteanu

    (Procurement Directorate, University of Craiova, Romania)

Abstract

Starting from the reality that Europe is in full transition, the aim of this study is to carry out an analysis to determine the contribution of renewable energy sources to primary energy production and also to determine the impact of the increase in the share of renewable energy on energy prices, on the economy. The study is based on the 2011 – 2015 information taken from the most recent studies conducted at EU and Romanian level on action plans on renewable energy sources and energy efficiency. On the basis of the data collected, the analysis focused on the share of renewable energy sources in energy production and primary energy production from renewable sources divided by individual sources and the structure of consumption on the main activities of the national economy to see how various factors influence the future of clean energy and the impact on energy prices. For analysis, a dynamic analysis tool was used, the Risk module in the Palisade software package, which through a series of simulations allows combining the identified uncertainties. The results of the analysis and simulations carried out made highlight the best scenarios of increasing the share of renewable sources in energy production, to lower energy prices and to sustainable economic growth.

Suggested Citation

  • Georgeta Soava & Anca Mehedintu & Mircea Raduteanu, 2018. "A Var Analysis of the Connection between FDI and Economic Growth: A Case Study from Vietnam after 30 Years Reforms," International Journal of Innovation and Economic Development, Inovatus Services Ltd., vol. 4(5), pages 49-58, December.
    • Handle: RePEc:mgs:ijoied:v:4:y:2018:i:4:p:49-58
    DOI: 10.18775/ijied.1849-7551-7020.2015.45.2005
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    References listed on IDEAS

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    More about this item

    Keywords

    Renewable energy; Romania; Dynamic analysis; Support scheme; Sustainable growth; Energy potential; Green certificates;
    All these keywords.

    JEL classification:

    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General

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