RELATIONSHIP BETWEEN ENERGY SECURITY AND ECONOMIC GROWTH: A BOOTSTRAP PANEL GRANGER CAUSALITY ANALYSIS
Küçük Resim Yok
Tarih
2022
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Vysoka Skola Ekonomicka
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
This study is aimed to examine the relationship causality between energy security and growth for a total of 74 countries including 39 high-income countries, 23 upper-middle -income countries, and 12 lower-middle-income countries by using the Konya ' s (Konya, 2006) Bootstrap Panel Granger Causality approach. According to the results obtained, it has been determined unidirectional causality relationship from energy security risk level to GDP for 14 countries and from GDP to energy security risk level for 20 countries. On the other hand, there is bidirectional causality between energy security risk level and GDP for 22 countries, while there is no causality between energy security risk level and GDP for 18 countries. Moreover, the results are also demonstrated that the rate of detection of a causality relationship increases as one moves from high-income group countries to lower-middle-income group countries. The results, which evidence the existence of a relationship between energy security risk level and economic growth for many countries, reveal the importance of the policies to be implemented in this direction.
Açıklama
Anahtar Kelimeler
Energy security, economic growth, energy economics, energy policy, boot-strap panel causality
Kaynak
Politicka Ekonomie
WoS Q Değeri
Q4
Scopus Q Değeri
Q3
Cilt
70
Sayı
4
