A Snapshot of Where We Are. A Gross Domestic Product Analysis Related to Household Energy Price Index in the European Union

Giorgiana Roxana Ene ()
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Giorgiana Roxana Ene: The Bucharest University of Economic Studies, Doctoral School of Finance, Romania

Ovidius University Annals, Economic Sciences Series, 2023, vol. XXIII, issue 1, 360-367

Abstract: This is one of the few articles that investigate the relation between GDP and electricity and gas evolution, especially given the events in the last three years. The evolution of GDP related to the Household Energy Price Index in the European Union (27 countries) is analyzed with the help of VAR model and the variance decomposition, historical variance decomposition and Granger Causality test under VAR which provide proof that HEPI for electricity has a more significant contribution to GDP than HEPI for gas.

Keywords: GDP; HEPI; COVID-19; war; VAR model (search for similar items in EconPapers)
JEL-codes: B21 B22 B23 C19 E01 N74 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xxiii:y:2023:i:1:p:360-367

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