Economic growth and disparities: an empirical analysis for the Central and Eastern European countries

Kisiała, Wojciech; Suszyńska, Katarzyna

doi:10.24136/eq.v12i4.32

Cited by 12 publications

(8 citation statements)

References 15 publications

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“…The authors of the papers of [25][26][27][28][29] proved the relationship between the ecological, social, and economic indicators which influence a country's GDP. The scientists proved that the link between social indicators [30][31][32], ecological indicators, which included the efficiency of RESs [13,18,22,31,33], and macroeconomic stability in low-middle-income countries existed [34,35].…”

Section: Introductionmentioning

confidence: 99%

Linking between Renewable Energy, CO2 Emissions, and Economic Growth: Challenges for Candidates and Potential Candidates for the EU Membership

et al. 2019

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This paper investigates the impact of renewable energy sources (RESs), CO2 emissions, macroeconomics, and the political stability in a country on the Gross Domestic Product (GDP). The authors analyse the dynamics of RESs use, CO2 emissions, and GDP development and also test the following hypotheses: (1) The country’s economic growth is related to the energy consumption, in terms of both human resources and capital; (2) the share of the renewable energy consumption of the total energy consumption has a positive impact on the economic growth; and (3) the share of the renewable energy consumption of the total energy consumption is unrelated to the economic growth. To test the above hypotheses, the authors use the modified Cobb-Douglas production function, which also considers RES production volumes, CO2 emissions, and economic growth. The study employs data between 1995 to 2015 from the candidate and potential candidate countries for the EU membership. The data are drawn from the World Bank and Eurostat. The analyses entail panel unit root tests, Pedroni panel cointegration tests, fully modified OLS (FMOLS), dynamic OLS (DOLS) panel cointegration techniques, and the Vector Error Correction model (VECM). The findings confirm the relationship between RESs, CO2 emissions, and the GDP. For the EU countries, RESs as human resources and capital have an impact on the GDP. Moreover, the results reveal a correction retraction when the economic growth leads to an increase in renewable energy consumption. The investigation also finds that candidate and potential candidate countries for the EU membership should foster renewable energy development. The authors conclude that developing affordable and effective instruments and mechanisms to boost the RES implementation is necessary to decrease the anthropogenic impact on the environment (in particular, decreasing CO2 emissions) without any attendant reduction in the economic growth.

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Section: Introductionmentioning

confidence: 99%

Linking between Renewable Energy, CO2 Emissions, and Economic Growth: Challenges for Candidates and Potential Candidates for the EU Membership

et al. 2019

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“…There is a lot of attention paid to development issues of all countries, to be that countries of high development level, to be that countries of comparatively lower development countries, or the third countries, which still strive to achieve decent level of living offered by advanced developed countries (e.g. Pietrzak et al 2017;Androniceanu, 2017;Sanusi, et al, 2017;Cheba & Szopik-Depczyńska, 2017;Kruk & Waśniewska, 2017;Żelazny & Pietrucha, 2017;Wójcik, 2017;Kisiała & Suszyńska, 2017). Alas, there are no uniform efficient economic policies, which would be equally efficient to different countries due to their size, resources and abilities to exploit their potential, what ultimately is translated into productivity and international competitiveness (Sinicakova et al 2017).…”

Section: Introductionmentioning

confidence: 99%

Towards Efficient Policy Making: Forecasts of Vulnerability to External Global Threats

Tvaronavičienė¹

2018

JSSI

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Each country has to be able to develop efficient economic policy, facilitating sustainable economic development of national economy. In order to devise such policy, development patterns of a country has to be known, external threats indicated and various scenarios of their impact has to be foreseen, their impact forecasted and discussed. Alas, in contemporary environment in conditions of globalization predicting of development peculiarities and external factors' impact becomes especially urgent issue. Presented paper is devoted to discussion about predicted development selected national economies with account of threats caused by global environment. Economic indicators of Lithuania and Germany forested for period of three years, estimated, are being analyzed. The following methodology is applied. At first main macroeconomic indicators, such as real GDP growth, inflation, interest rates and unemployment ceteris paribus forecasted until year 2022 will be compared. The second, external threats will be selected and considered. Forecasted impact of indicated threats on real GDP growth of Lithuania and Germany will be discussed; source of employed data: database Passport, provided by Euromonitor International Company and powered by Clarivate Analytics (data are provided for research purposes for subscribed users). Change of real GDP growth in Lithuania and Germany under indicated threats pressure after one year period and three years period is juxtaposed. The findings suggest insights about development patterns of small comparatively less developed open economy and big well developed country belonging to the same economic union. Findings are instrumental for devising national economic policies enhancing resilience of national economies to external (global) threats.

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“…The statistically insignificant differences in the TFP convergence intensity between the regions of 'old' and 'new' member states have led us to conclusion that both these groups of regions follow a similar path of technological convergence process. In the light of contemporary economic growth models, particularly those stemming from the Solow growth model, these similar patterns of technological convergence are likely resulting in the analogous developments in GDP convergence, as observed, for instance, by Kisiała and Suszyńska (2017).…”

Section: Discussionmentioning

confidence: 81%

Technological convergence across European regions

Kijek

Matras-Bolibok

2020

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Research background: Given the pivotal role of innovations and technological progress in shaping the economic development of regions and the crucial significance of spatial dimension of innovation processes at the regional level, the assessment of technological convergence in the regional scope becomes an essential research problem. Technological convergence could be identified on the basis of the analysis of total factor productivity (TFP). The significance of the technological convergence analysis results from the fact that income convergence can be both accelerated or impeded, depending on whether the initial differences in the level of technology (TFP) decrease or increase over time. Purpose of the article: The aim of the paper is twofold. Firstly, we attempt to develop a theoretical framework for the analysis of the technological convergence. Secondly, we investigate the technological convergence (on the basis of the TFP analysis) across European regions. Methods: During the first stage of the research, we employ the multiplicatively-complete Färe-Primont index to calculate TFP. The second stage of the study includes estimation of spatial panel models applied to assess the level of technological convergence across European regions. The research sample consists of 273 NUTS 2 European Union (EU) regions over the period 2010– 2016. Findings & Value added: The results of the study confirm a clear division of Europe into the Western European regions with high TFP values and the Eastern European regions with low TFP level. The research also shows that in the Eastern European regions the process of reducing the differences in the productivity levels is faster than in Western European regions. Since the issue of technological convergence is still not sufficiently explored in the relevant literature our paper attempts to fill a cognitive and methodological gap in the investigation of the technological convergence in the European regional space.

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Economic growth and disparities: an empirical analysis for the Central and Eastern European countries

Cited by 12 publications

References 15 publications

Linking between Renewable Energy, CO2 Emissions, and Economic Growth: Challenges for Candidates and Potential Candidates for the EU Membership

Linking between Renewable Energy, CO2 Emissions, and Economic Growth: Challenges for Candidates and Potential Candidates for the EU Membership

Towards Efficient Policy Making: Forecasts of Vulnerability to External Global Threats

Technological convergence across European regions

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