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Energy Productivity Convergence in Eastern European Countries: A Panel Data Approach

Seymur Ağazade

Eastern European Economics, 2021, vol. 59, issue 5, 407-422

Abstract: This paper empirically investigates energy productivity convergence across Eastern European Countries. The analysis is performed by using two different models of β-convergence and panel data methods. Analysis reveals that a 1% decrease in energy productivity of the initial year and the previous year associates with a 1.4059% increase in the average annual growth rate of energy productivity calculated relative to the initial year and a 1.4830% increase in the growth rate of energy productivity calculated relative to the previous year. These findings support energy productivity convergence among sample countries; however, β-coefficients indicate to the weakness of this convergence.

Date: 2021
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DOI: 10.1080/00128775.2021.1932523

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Handle: RePEc:mes:eaeuec:v:59:y:2021:i:5:p:407-422