Energy Dependence and Economic Growth. An Empirical Analysis.

7 Pages Posted: 13 Mar 2015

Date Written: March 11, 2015

Abstract

In the present paper an econometric analysis will point out that oil dependence is not an obstacle for economic growth. The balanced panel covers the annual period 2000-2012 and includes the following countries: Austria, Belgium, Cyprus, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Japan, Netherlands, Norway, Portugal, Spain, Sweden, UK and USA. Data are elaborated through the Eviews software.

Keywords: Energy; Economic Growth; Econometric models with panel data (single equation).

JEL Classification: O47, C23.

Suggested Citation

Georgiou, Miltiades N., Energy Dependence and Economic Growth. An Empirical Analysis. (March 11, 2015). Available at SSRN: https://ssrn.com/abstract=2576833 or http://dx.doi.org/10.2139/ssrn.2576833

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