Energy Consumption and Economic Growth Nexus in Selected Transition Economies: Quantile Panel-Type Analysis Approach1
Semih Karacan and
Sosyoekonomi Journal, 2017, issue 25(34)
In this study, impacts of energy consumption on economic growth is investigated for transition economies case. For this purpose, Unconditional Panel Quantile regression (UQR) approach proposed by Firpo, Fortin and Lemieux (2009) is applied, using panel data from 13 selected transition countries between 1996 and 2014. Results show that the impact of energy consumption increases until the 40. Quantile apart from the decrease between 10. to 20. quantiles and then starts to decrease rapidly. This reverse U shaped change may be due to sectoral policy changes.
Keywords: Transition Countries; Energy Consumption; Economic Growth; Unconditional Quantile Regression Analysis (search for similar items in EconPapers)
JEL-codes: O40 Q43 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:sos:sosjrn:170409
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