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Digital and Green Transition in the EU27 from an Econometric Perspective

Author

Listed:
  • George-Cornel Dumitrescu

    (Institute for World Economy)

Abstract

The pandemic and, currently, the war in Ukraine revealed the fragility of the linear economic system that depends on external supply chains and emphasised the need to achieve strategic autonomy regarding the critical resources for the economy and people. Since energy has become a burning issue nowadays, based on data provided by Eurostat and the European Commission, the paper analyses the relationship between the real GDP per capita, the electricity production capacities for renewables and wastes (wind, solar and solid biofuels), and the Digital Economy and Society Index. It aims to identify possible connections between prosperity, digitalisation, and green energy sources in an attempt to understand how to achieve strategic autonomy. The research identified several statistically significant relationships between the GDP per capita, DESI and the components of electricity production capacities for renewables and wastes.

Suggested Citation

  • George-Cornel Dumitrescu, 2022. "Digital and Green Transition in the EU27 from an Econometric Perspective," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 10(2), pages 27-34, December.
    • Handle: RePEc:ntu:ntugeo:vol10-iss2-27-34
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    More about this item

    Keywords

    Econometric Modelling; DESI; solar; wind; biofuels; energy;
    All these keywords.

    JEL classification:

    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics

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