The Relationship between Energy Consumption and Economic Growth in the Baltic Countries’ Agriculture: A Non-Linear Framework

Autor:	Daiva Makutėnienė, Algirdas Justinas Staugaitis, Bernardas Vaznonis, Gunta Grīnberga-Zālīte
Rok vydání:	2023
Předmět:	Žemės ūkis / Agriculture gross value added Control and Optimization Renewable Energy Sustainability and the Environment Energy Engineering and Power Technology NARDL model Building and Construction energy use Energija. Energetika / Energy. Energetics Lietuva (Lithuania) agricultural development Latvija (Latvia) Electrical and Electronic Engineering Ekonominė politika. Globalizacija. Integracija / Economic policy. Globalisation. Integration Estija (Estonia) Engineering (miscellaneous) energy–environmental Kuznets curve Energy (miscellaneous)
Zdroj:	Energies Volume 16 Issue 5 Pages: 2114 Energies (Basel) 2023, 16, 2114, 22 p.
ISSN:	1996-1073
Popis:	The development of a country’s economy is directly related to the use of energy in that country’s economic sectors. Therefore, the energy–environmental Kuznets curve (EEKC) is often used when analysing a country’s potential and challenges in sustainable development, green economy, and green growth. This hypothesis tests whether there is an inverse "U"-shaped relationship between energy use and economic growth and is especially important when analysing developing countries to assess if, at a certain point, energy use begins to drop, resulting in fewer greenhouse gas emissions, environmental degradation, and the consumption of fossil-based fuels. This study aims to examine the relationship between energy consumption and economic growth in the Baltic States from 1995 to 2019, with a focus on the agriculture sector. The study uses the non-linear autoregressive distributed lag (NARDL) model for individual and panel time series. Total energy use, as well as electricity use, is included in the study, whereas gross value added is employed as a measure of economic growth. Research data analysis reveals that energy use in all three Baltic countries stabilises as gross value added increases. However, there is insufficient evidence to show that after a certain point, energy use begins to drop; thus, the hypothesis for the inverse "U"-shaped energy–environmental Kuznets curve (EEKC) is rejected. Research results have important practical implications regarding countries’ policies toward energy, including the use of electricity and sustainable development. Keywords: agricultural development; gross value added; energy use; NARDL model; energy–environmental Kuznets curve.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::32c3c854a8e31cfba2fcf5780b782e36 https://doi.org/10.3390/en16052114 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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