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Export, Energy Consumption and Economic Growth Inter-Linkages: The Case of Lithuania

Author

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  • Dudzevičiūtė Gitana

    (Department of Management, The General Jonas Žemaitis Military Academy of Lithuania; and, Faculty of Business Management, Vilnius Gediminas Technical University, Lithuania)

  • Šimelytė Agnė

    (Department of Economics Engineering, Faculty of Business Management, Vilnius Gediminas Technical University, Lithuania)

Abstract

This paper has aimed to examine the causal relationships between energy consumption – economic growth, export – energy consumption and export – economic growth in Lithuania during the period of 1998 – 2015. Descriptive statistics analysis and econometric techniques have been applied for this purpose. Granger causality test has been used to a time series data set to determine the causality between variables. The results of Granger causality test have shown unidirectional causality running from GDP to energy consumption, from export to GDP and from export to energy consumption. It is obvious that GDP and export play significant roles in accelerating energy consumption in Lithuania. The determination of the causal links between energy consumption – economic growth, export – economic growth and energy consumption – export has provided policy makers with the main insights to formulate future policy directions for sustainable economic development in Lithuania.

Suggested Citation

  • Dudzevičiūtė Gitana & Šimelytė Agnė, 2017. "Export, Energy Consumption and Economic Growth Inter-Linkages: The Case of Lithuania," Scientific Annals of Economics and Business, Sciendo, vol. 64(3), pages 395-410, October.
    • Handle: RePEc:vrs:aicuec:v:64:y:2017:i:3:p:395-410:n:8
    DOI: 10.1515/saeb-2017-0025
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    More about this item

    Keywords

    economic growth; energy consumption; export; Granger causality; Lithuania;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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