{"title":"ANALYZING CAUSALITY AND COINTEGRATION OF MACROECONOMICS AND ENERGY-RELATED FACTORS OF NORDIC AND SEE EUROPEAN COUNTRIES","authors":"I. Georgescu, S. Oprea, A. Bâra","doi":"10.3846/jbem.2024.21677","DOIUrl":null,"url":null,"abstract":"Discrepancies between several South-Eastern European (SEE) countries and Nordic countries are investigated in this paper using an econometric analysis. Its aim is to examine the relationship between CO2 emissions, GDP per capita, urban population (URB) and electricity production from Renewable Energy Sources (RES) – EPREN, excluding hydroelectric for the two groups of EU countries located in the North and S-E of Europe. The data covers a period from 1990 to 2022, providing a comprehensive view over three decades. The relationship between the four variables is determined by various causality and cointegration tests. We check the unit root tests and conclude that the analyzed time series are stationary at first difference. Further, we estimate two models: Fully Modified and Dynamic Ordinary Least Squares and study causality and cointegration between variables. The results show that CO2 emissions are impacted by GDP, URB and EPREN for both regions. Testing causality, for SEE and Nordic countries, the bidirectional and causalities do exist.","PeriodicalId":47594,"journal":{"name":"Journal of Business Economics and Management","volume":null,"pages":null},"PeriodicalIF":2.6000,"publicationDate":"2024-07-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Business Economics and Management","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.3846/jbem.2024.21677","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"Business, Management and Accounting","Score":null,"Total":0}
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Abstract
Discrepancies between several South-Eastern European (SEE) countries and Nordic countries are investigated in this paper using an econometric analysis. Its aim is to examine the relationship between CO2 emissions, GDP per capita, urban population (URB) and electricity production from Renewable Energy Sources (RES) – EPREN, excluding hydroelectric for the two groups of EU countries located in the North and S-E of Europe. The data covers a period from 1990 to 2022, providing a comprehensive view over three decades. The relationship between the four variables is determined by various causality and cointegration tests. We check the unit root tests and conclude that the analyzed time series are stationary at first difference. Further, we estimate two models: Fully Modified and Dynamic Ordinary Least Squares and study causality and cointegration between variables. The results show that CO2 emissions are impacted by GDP, URB and EPREN for both regions. Testing causality, for SEE and Nordic countries, the bidirectional and causalities do exist.
期刊介绍：
The Journal of Business Economics and Management is a peer-reviewed journal which publishes original research papers. The objective of the journal is to provide insights into business and strategic management issues through the publication of high quality research from around the world. We particularly focus on research undertaken in Western Europe but welcome perspectives from other regions of the world that enhance our knowledge in this area. The journal publishes in the following areas of research: Global Business Transition Issues Economic Growth and Development Economics of Organizations and Industries Finance and Investment Strategic Management Marketing Innovations Public Administration.
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