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 Bibliografske baze podataka

Pregled bibliografske jedinice broj: 808242

Poglavlje/Rad u knjizi

Autori: Jakovac, Pavle; Vlahinić Lenz, Nela; Žiković, Saša
Naslov: Macroeconomic Impacts of Electricity Generation on Croatian Real GDP: Causality Analysis
( Macroeconomic Impacts of Electricity Generation on Croatian Real GDP: Causality Analysis )
Knjiga: Entrepreneurship, Business and Economics - Vol. 2 ; Proceedings of the 15th Eurasia Business and Economics Society Conference
Urednik/ci: Huseyin Bilgin, Mehmet ; Danis, Hakan
Izdavač: Springer International Publishing
Grad: Istanbul
Godina: 2016
Serija: Eurasian Studies in Business and Economics, Vol. 3/2
Raspon stranica:: 209-230
ISBN: 978-3-319-27572-7
Ključne riječi: Economic growt, Electricity generation, Causality analysis, ARDL, Croatia
( Economic growt, Electricity generation, Causality analysis, ARDL, Croatia )
Sažetak:
This paper examines the causal relationship between electricity generation and economic growth in Croatia using data for the period 1966–2010. The analyzed time span includes the periods of both the socialist and market based economy. Based on a detailed review of previous empirical studies it is possible to conclude that this issue has not been systematically explored and analyzed using Croatia as an example. In our analysis, we use a multivariate model (a conventional multifactor neoclassical aggregate production function) of real GDP and electricity generation together with capital stock, employment and technological progress. In order to get robust results this paper applies the autoregressive distributed lag (ARDL) cointegration procedure with a time break as an appropriate quantitative method when analyzing small samples. The empirical results provide clear support of a unidirectional causality that runs from electricity generation to real GDP in both short- and long-term. Electricity generation has a positive and statistically significant impact on Croatian real GDP. This means that stable, adequate and uninterrupted electricity supply is one of the crucial determinants of Croatia’s economic growth. Croatia should adopt a more vigorous economic policy that should aim to increase investments in the electricity infrastructure.
Projekt / tema: 13.02.1.3.05, HRZZ-IP-2013-11-2203
Izvorni jezik: eng
Kategorija: Znanstveni
URL Internet adrese: http://link.springer.com/chapter/10.1007/978-3-319-27573-4_14
http://www.springer.com/br/book/9783319275727
Upisao u CROSBI: Pavle Jakovac (pavle.jakovac@efri.hr), 3. Tra. 2016. u 21:04 sati
Napomene:
Ovaj rad je sufinancirala Hrvatska zaklada za znanost projektom IP-2013-11-2203 te Sveučilište u Rijeci potporom istraživanjima br. 13.02.1.3.05. DOI: 10.1007/978-3-319-27573- 4_14 ; Online ISBN: 978-3-319-27573-4 ; Series ISSN: 2364-5067 Zbornik radova je indeksiran u THOMSON REUTERS ISI CONFERNCE PROCEEDINGS CITATION INDEX (integrirani indeks u sklopu Web of Science™ Core Collection).



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