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Full Title
RIVISTA DI STUDI SULLA SOSTENIBILITA'
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Publisher
FrancoAngeli
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ISSN
2239-1959 (Printed Journal)
2239-7221 (Online Journal)
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Journal Volume Number
14
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Journal Issue Number
2
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Journal Issue Designation
2
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Journal Issue Date
2024
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Full Title
The relationship between economic growth, international trade and energy efficiency in European countries: An Autoregressive Distributed Lag (ARDL) modeling approach
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By (author)
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First Page
141
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Last Page
160
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Language of text
English
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Publication Date
2024/11
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Copyright
2024 FrancoAngeli srl
Main description
In order to analyze the nature of relationship among time series represented eco-nomic growth, international trade and energy efficiency of 38 European countries for the period from 1995 to 2022 we employed the ARDL model. We identified bidirectional long-term causal relationships between energy intensity and GDP growth rates, as well as between carbon dioxide emissions intensity, GDP per capi-ta and the proportion of exports in GDP. The analysis showed that over the long term, enhancing the energy intensity contributes to an increase in their rate of eco-nomic growth. However, in the short term, energy intensity have a negative impact on the GDP growth. Policymakers can use the paper's findings to design policies that balance benefits of reducing energy intensity with sustainable growth.
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