مجلة اقتصاد المال و الأعمال
Volume 3, Numéro 1, Pages 01-19
2019-03-30
Energy Trajectory Efficiency In Europe And Eurasia: A Dynamic Panel Data Models Analysis
Authors : Guellil Mohammed Seghir . Khedir Oussama . Brahimi Assia .
Abstract
World energy consumption alludes to the aggregate energy utilized by all of human civilization. Commonly, measured every year, it includes all energy outfit from each energy source connected towards humankind's attempts over each modern and mechanical segment, over each nation. As per the International Energy Agency (IEA), the worldwide energyconsumption has been becoming relentlessly finished the last decade; where it constitutes one of the main parts with the quickest developing on the planet. This investigation examinations the connection between global energy consumption and diverse perspectives, for example, financial, natural, political,… in Europe and Eurasia, utilizing the panel co-integration and panel Granger causality tests. The outcomes demonstrate a noteworthy way, which is a co-integrating connection between energy consumption and the variables package. The outcomes likewise show bidirectional, unidirectional and neutral causality between energyconsumption and a few factors, which could be a decent tool to prioritize the allocation of assets crosswise over businesses to guarantee a superior fiery strategy by and large and monetary results.
Keywords
Energy consumption trajectory, Panel co-integration, FMOLS and DOLS estimators, Panel Granger causality, Europe, Eurasia.
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