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Energy consumption and economic growth nexus in Portugal, Italy, Greece, Spain and Turkey

dc.contributor.authorFuinhas, José Alberto
dc.contributor.authorMarques, António Cardoso
dc.date.accessioned2019-01-14T10:56:41Z
dc.date.available2019-01-14T10:56:41Z
dc.date.issued2012
dc.description.abstractThe paper examines the nexus between primary energy consumption and growth in Portugal, Italy, Greece, Spain and Turkey (PIGST), with annual time series data, from 1965 to 2009. PIGST are southern European economies which have experienced several episodes that make them of particular interest to the study of periods of economic expansion and stagnation. An ARDL bounds test approach is a suitable technique to examine energy-growth nexus, within the context of countries with both sporadic shocks (outliers) and permanent shocks (structural breaks). Empirical results suggest bidirectional causality between energy and growth in both the long-run and short-run, supporting the feedback hypothesis. The results reveal themselves to be robust to panel framework. An energy conservation policy will reduce GDP growth, while a saving phenomenon is observed, since one additional unit of product requires less than one unit of energy.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.doi10.1016/j.eneco.2011.10.003pt_PT
dc.identifier.urihttp://hdl.handle.net/10400.6/6765
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.subjectARDL bounds testpt_PT
dc.subjectShort and long-run elasticitiespt_PT
dc.subjectEnergy-growth nexuspt_PT
dc.subjectPIGSTpt_PT
dc.titleEnergy consumption and economic growth nexus in Portugal, Italy, Greece, Spain and Turkeypt_PT
dc.title.alternativeAn ARDL bounds test approach (1965–2009)pt_PT
dc.typejournal article
dspace.entity.typePublication
oaire.citation.endPage517pt_PT
oaire.citation.issue2pt_PT
oaire.citation.startPage511pt_PT
oaire.citation.volume34pt_PT
person.familyNameFuinhas
person.familyNameMarques
person.givenNameJosé Alberto
person.givenNameAntónio Cardoso
person.identifierR-000-7ZC
person.identifier1880954
person.identifier.ciencia-id7817-FFB9-9DC0
person.identifier.ciencia-idBE19-EAEF-30CF
person.identifier.orcid0000-0002-6937-5420
person.identifier.orcid0000-0002-9906-3874
person.identifier.ridP-1603-2017
person.identifier.ridD-2235-2011
person.identifier.scopus-author-id36168979700
person.identifier.scopus-author-id36169680100
rcaap.embargofctCopyright cedido à editora no momento da publicaçãopt_PT
rcaap.rightsclosedAccesspt_PT
rcaap.typearticlept_PT
relation.isAuthorOfPublication3261ccf1-fcd4-48ad-bf1d-a8834c5f17ad
relation.isAuthorOfPublication0dfb8b49-b2ad-4a47-8478-a3ac0a8c639f
relation.isAuthorOfPublication.latestForDiscovery3261ccf1-fcd4-48ad-bf1d-a8834c5f17ad

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