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Natural Gas Consumption and Economic Growth in European Union
Balitskiy, Sergey ; Strielkowski, Wadim (advisor) ; Mikolášek, Jakub (referee)
"Natural Gas Consumption and Economic Growth in European Union" by Sergey Balitskiy Abstract: The objective of this Master thesis is an evaluation of relationship between natural gas consumption and economic growth in Europe. The sample includes panel time series data over the period from 1997 to 2011 for 26 EU member states (countries of the Euro zone). Based on neoclassical growth model, a multivariate model including gross fixed capital formation and total labor forces of a country as additional explanatory variables was created. Using recent econometric techniques: panel cointegration tests and error correction modeling, it was found that there existed long-run relationship between economic growth, natural gas consumption, labor and capital. In addition, it was investigated that in the short-run there existed bidirectional causality between natural gas consumption and economic growth. It appears that the causality between economic growth and the natural gas consumption is positive. On the other hand, the reverse causality (a relationship between natural gas consumption and economic growth) appears to be negative.
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Comparison of selected European Union countries based on the development of their energy consumption and policy
Ďurica, Michal ; Tomeš, Jiří (advisor) ; Ženka, Jan (referee)
The thesis compares and analyses the development of production/consumption of energy in the EU28, in selected countries (Austria, Czech Republic, Slovakia, Poland, Hungary, Slovenia), and especially in the Czech Republic and Slovakia in the context of accepting and development (change) of energy policies. The main aspect of the work was to analyze trends in energy consumption and (in) dependence, structure of energy production/consumption, particularly with the application potential of alternative energy sources and energy savings. This thesis confirmed that there are significant differences in achieving the main objectives of EU energy policy among states. Statistical (correlation) analysis did not confirmed a significant dependence between the energy (in) dependence, the energy saving rates and the share of alternative energy sources. Synthetic index of energy change has evaluated Hungary and Slovakia from selected countries with the best energy progress since 2004. It was not proved that Slovakia or Czech Republic have a consistent long-term energy policy that they would explicitly followed. Key words: energy policy, energy savings, energy consumption, energy dependence, European Union
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Natural Gas Consumption and Economic Growth in European Union
Balitskiy, Sergey ; Strielkowski, Wadim (advisor) ; Mikolášek, Jakub (referee)
"Natural Gas Consumption and Economic Growth in European Union" by Sergey Balitskiy Abstract: The objective of this Master thesis is an evaluation of relationship between natural gas consumption and economic growth in Europe. The sample includes panel time series data over the period from 1997 to 2011 for 26 EU member states (countries of the Euro zone). Based on neoclassical growth model, a multivariate model including gross fixed capital formation and total labor forces of a country as additional explanatory variables was created. Using recent econometric techniques: panel cointegration tests and error correction modeling, it was found that there existed long-run relationship between economic growth, natural gas consumption, labor and capital. In addition, it was investigated that in the short-run there existed bidirectional causality between natural gas consumption and economic growth. It appears that the causality between economic growth and the natural gas consumption is positive. On the other hand, the reverse causality (a relationship between natural gas consumption and economic growth) appears to be negative.
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Comparison of selected European Union countries based on the development of their energy consumption and policy
Ďurica, Michal ; Tomeš, Jiří (advisor) ; Ženka, Jan (referee)
The thesis compares and analyses the development of production/consumption of energy in the EU28, in selected countries (Austria, Czech Republic, Slovakia, Poland, Hungary, Slovenia), and especially in the Czech Republic and Slovakia in the context of accepting and development (change) of energy policies. The main aspect of the work was to analyze trends in energy consumption and (in) dependence, structure of energy production/consumption, particularly with the application potential of alternative energy sources and energy savings. This thesis confirmed that there are significant differences in achieving the main objectives of EU energy policy among states. Statistical (correlation) analysis did not confirmed a significant dependence between the energy (in) dependence, the energy saving rates and the share of alternative energy sources. Synthetic index of energy change has evaluated Hungary and Slovakia from selected countries with the best energy progress since 2004. It was not proved that Slovakia or Czech Republic have a consistent long-term energy policy that they would explicitly followed. Key words: energy policy, energy savings, energy consumption, energy dependence, European Union
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