Vollständiger Titel
RIVISTA DI STUDI SULLA SOSTENIBILITA'
Verlag
FrancoAngeli
ISSN
2239-1959 (Gedruckte Zeitschrift)
2239-7221 (Online-Zeitschrift)
Nummer des Bandes
14
Nummer der Ausgabe
2
Andere Beschreibung der Ausgabe
2
Erscheinungsdatum der Ausgabe
2024
Vollständiger Titel
The relationship between economic growth, international trade and energy efficiency in European countries: An Autoregressive Distributed Lag (ARDL) modeling approach
Von (Autor)
Erste Seite
141
Letzte Seite
160
Sprache des Textes
Englisch
Erscheinungsdatum
2024/11
Copyright
2024 FrancoAngeli srl
Abstract/Hauptbeschreibung
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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