The Investigation of Lithuanian Growth and Industry Export: Dependence on Energetic Resources

Abstract

Economic growth and country's industry dependence on the assessment of energetic resources arise as comprehensive approach. The increase in global energy prices, significant dependence on imported energy and increase in energy consumption might result international competitiveness of the country and pose constrains towards sustainable development. Restructuring of the economies from energy intensive industries towards more technologically advanced products and services might lead to higher value added per unit of product, and energy saving sectors with lower energy consumption per unit of output. In order to sustain international competitiveness of exporting sectors, it is necessary to diminish gradually intensity of expensive energy resources. The problem of this study related to the scientific discussion concerning relationships among the intensity of energetic resources' use, economic growth and export. The analysis of the theoretical and empirical studies of the effects of energy on the economic growth and export showed that energetic resources precede and predict the economic growth and export, however, the question concerning the direction of causality remains open, since unobserved variables may drive both developments. This paper analyzes the case of Lithuania. The authors investigate economic growth and industry sectors' export dependence on energetic resources.

Energy Intensity in the Lithuanian Manufacturing Sector

“…The interest of energy consumption and economic growth grew in the seventies, and the relevance of this topic is taking on an even greater meaning nowadays due to the scarcity of energetic resources and growing their prices. All economic sectors and activities depend on energetic resources and strongly affected by them (Munim et al 2010, Smaliukienė et al 2012, Tang & Tan 2012Dudzevičiūtė 2013).…”

“…Notable studies of the Lithuanian scientists include more general investigations at macroeconomics level. Bobinaitė et al (2011) assessed the causality relationship between renewable energy consumption and economic growth in Lithuania; Smaliukienė et al (2012) investigated interrelationship between energy consumption and the Lithuanian economic growth; Konstantinavičiūtė et al (2010) examined the dynamic of energy demand; Dudzevičiūtė (2013) did research on economic structural changes and energy consumption.…”

“…In the case of Lithuania, high energy intensity might impact on international competitiveness of the country and pose constrains for sustainable development. Growing demand for energy raise doubts whether a secure energy supply will be satisfied in the future and whether Lithuania will be able to remain competitive in the international markets (Travkina & Tvaronavičienė 2011;Smaliukienė et al 2012;Dudzevičiūtė 2012, Lankauskienė & Tvaronavičienė 2012Dudzevičiūtė 2013;Vosylius et al2013).…”

Sustainable Development: Methodological Approaches Towards Issues

“…Nevertheless a question, what sustainable development means for countries at different stages of development remains open. This question obtains its special urgency when sustainable development aims are considered in energetically dependent country (Tvaronavičienė 2012;Vosylius et al 2013;Smaliukienė et al 2012;Korsakienė et al 2014). We aim to clarify if sustainable development targets shift as a country follows its development path.…”

Large Corporate Enterprises’ Intangible Assets Managing as a Way to Secure a Sustainable Development of Competitive Advantages

“…Mining and metals production sector plays a core role in the national economy and is one of the cornerstones of Ukrainian industry. Sustainability and competiveness of countries' economic growth is strongly related to development of key exporting industries (Balkytė, Tvaronavičienė 2010;Lapinskienė, Tvaronavičienė 2009;Travkina, Tvaronavičienė 2011;Grybaitė 2011;Dudzevičiūtė 2012;Lankauskienė, Tvaronavičienė 2012;Smaliukienė et al 2012;Vosylius et al 2012). Iron and steel industry condition and its development trends are defined by a set of factors that can be summarized in three groups: economic, regulatory and corporate.…”