IDEAS home Printed from https://ideas.repec.org/a/fan/rissri/vhtml10.3280-riss2024-002009.html
   My bibliography  Save this article

The relationship between economic growth, international trade and energy efficiency in European countries: An Autoregressive Distributed Lag (ARDL) modeling approach

Author

Listed:
  • Bohdan Kyshakevych
  • Stepan Nastoshyn
  • Olha Melnyk
  • Natalia Maksyshko
  • Oleksandr Svintsov

Abstract

In order to analyze the nature of relationship among time series represented eco-nomic growth, international trade and energy efficiency of 38 European countries for the period from 1995 to 2022 we employed the ARDL model. We identified bidirectional long-term causal relationships between energy intensity and GDP growth rates, as well as between carbon dioxide emissions intensity, GDP per capi-ta and the proportion of exports in GDP. The analysis showed that over the long term, enhancing the energy intensity contributes to an increase in their rate of eco-nomic growth. However, in the short term, energy intensity have a negative impact on the GDP growth. Policymakers can use the paper's findings to design policies that balance benefits of reducing energy intensity with sustainable growth.

Suggested Citation

  • Bohdan Kyshakevych & Stepan Nastoshyn & Olha Melnyk & Natalia Maksyshko & Oleksandr Svintsov, 2024. "The relationship between economic growth, international trade and energy efficiency in European countries: An Autoregressive Distributed Lag (ARDL) modeling approach," RIVISTA DI STUDI SULLA SOSTENIBILITA', FrancoAngeli Editore, vol. 0(2), pages 141-160.
    • Handle: RePEc:fan:rissri:v:html10.3280/riss2024-002009
    as

    Download full text from publisher

    File URL: http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=76744&Tipo=ArticoloPDF
    Download Restriction: Single articles can be downloaded buying download credits, for info: https://www.francoangeli.it/DownloadCredit
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. ANDREI, Dalina-Maria, 2023. "The energy efficiency issue in the European Union: perspectives, objectives and challenges," MPRA Paper 118326, University Library of Munich, Germany, revised 30 Jun 2023.
    2. Sebastian Kripfganz & Daniel C. Schneider, 2023. "ardl: Estimating autoregressive distributed lag and equilibrium correction models," Stata Journal, StataCorp LLC, vol. 23(4), pages 983-1019, December.
    3. Magdalena Ziolo & Sandra Jednak & Gordana Savić & Dragana Kragulj, 2020. "Link between Energy Efficiency and Sustainable Economic and Financial Development in OECD Countries," Energies, MDPI, vol. 13(22), pages 1-28, November.
    4. Meshkatus Salehin & Judit T. Kiss, 2022. "Testing the Causal Relationship between Economic Growth and Renewable Energy Consumption: Evidence from a Panel of EAGLE Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 12(1), pages 281-288.
    5. Ching-Cheng Lu & Liang-Chun Lu, 2019. "Evaluating the energy efficiency of European Union countries: The dynamic data envelopment analysis," Energy & Environment, , vol. 30(1), pages 27-43, February.
    6. Sebastian Kripfganz & Daniel C. Schneider, 2023. "ardl: Estimating autoregressive distributed lag and equilibrium correction models," Stata Journal, StataCorp LLC, vol. 23(4), pages 983-1019, December.
    7. Nuno Carlos Leitão & Daniel Balsalobre Lorente, 2020. "The Linkage between Economic Growth, Renewable Energy, Tourism, CO 2 Emissions, and International Trade: The Evidence for the European Union," Energies, MDPI, vol. 13(18), pages 1-16, September.
    8. Younes Gholizadeh, 2020. "Causality Relationship between Energy Consumption and Economic Growth in the European Union Countries," EERI Research Paper Series EERI RP 2020/12, Economics and Econometrics Research Institute (EERI), Brussels.
    9. Angeliki N. Menegaki, 2019. "The ARDL Method in the Energy-Growth Nexus Field; Best Implementation Strategies," Economies, MDPI, vol. 7(4), pages 1-16, October.
    10. Mandella Osei-Assibey Bonsu & Ying Wang, 2022. "The triangular relationship between energy consumption, trade openness and economic growth: new empirical evidence," Cogent Economics & Finance, Taylor & Francis Journals, vol. 10(1), pages 2140520-214, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Nuno Carlos Leitão, 2021. "Testing the Role of Trade on Carbon Dioxide Emissions in Portugal," Economies, MDPI, vol. 9(1), pages 1-15, February.
    2. Raihan, Asif & Ridwan, Mohammad & Zimon, Grzegorz & Rahman, Junaid & Tanchangya, Tipon & Bari, ABM Mainul & Atasoy, Filiz Guneysu & Chowdhury, Anwarul Islam & Akter, Runa, 2025. "Dynamic effects of foreign direct investment, globalization, economic growth, and energy consumption on carbon emissions in Mexico: An ARDL approach," Innovation and Green Development, Elsevier, vol. 4(2).
    3. Endo, Tadashi, 2022. "Endogenous market development for government securities in lower-income economies," Emerging Markets Review, Elsevier, vol. 50(C).
    4. Stéphane Lemarié & Valérie Orozco & Jean-Pierre Butault & Antonio Musolesi & Michel Simioni & Bertrand Schmitt, 2020. "Assessing the long-term impact of agricultural research on productivity: evidence from France," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 47(4), pages 1559-1586.
    5. José F. Perles & Martín Sevilla & Ana B. Ramón-Rodríguez & María Jesús Such & Patricia Aranda, 2024. "Carry-over effects of tourism on traditional activities," Tourism Economics, , vol. 30(5), pages 1237-1256, August.
    6. Boucekkine, R. & Laksaci, M. & Touati-Tliba, M., 2021. "Long-run stability of money demand and monetary policy: The case of Algeria," The Journal of Economic Asymmetries, Elsevier, vol. 24(C).
    7. Beri, Parfait & Molem, Christopher Sama, 2024. "The impact of economic globalisation on labour market outcomes in Africa," MPRA Paper 122554, University Library of Munich, Germany.
    8. Desire Wade Atchike & Zhen-Yu Zhao & Geriletu Bao, 2020. "The Relationship between Electricity Consumption, Foreign Direct Investment and Economic Growth: Case of Benin," International Journal of Energy Economics and Policy, Econjournals, vol. 10(4), pages 507-515.
    9. Maria Karadima & Helen Louri, 2022. "Government debt accumulation and non-performing loans: An ARDL bounds testing approach," Economics and Business Letters, Oviedo University Press, vol. 11(4), pages 150-160.
    10. Xiuqin Zhang & Xudong Shi & Yasir Khan & Majid Khan & Saba Naz & Taimoor Hassan & Chenchen Wu & Tahir Rahman, 2023. "The Impact of Energy Intensity, Energy Productivity and Natural Resource Rents on Carbon Emissions in Morocco," Sustainability, MDPI, vol. 15(8), pages 1-22, April.
    11. Sascha Keil, 2021. "The Challenging Estimation Of Trade Elasticities:Tackling The Inconclusive Eurozone Evidence," Chemnitz Economic Papers 042, Department of Economics, Chemnitz University of Technology, revised May 2021.
    12. Bekun, Festus Victor, 2024. "Race to carbon neutrality in South Africa: What role does environmental technological innovation play?," Applied Energy, Elsevier, vol. 354(PA).
    13. Ngozi Adeleye & Evans Osabuohien & Ebenezer Bowale & Oluwatoyin Matthew & Emmanuel Oduntan, 2018. "Financial reforms and credit growth in Nigeria: empirical insights from ARDL and ECM techniques," International Review of Applied Economics, Taylor & Francis Journals, vol. 32(6), pages 807-820, November.
    14. Hanson, Daniel & Toru Delibasi, Tuba & Gatti, Matteo & Cohen, Shamai, 2022. "How do changes in economic activity affect air passenger traffic? The use of state-dependent income elasticities to improve aviation forecasts," Journal of Air Transport Management, Elsevier, vol. 98(C).
    15. Samar Rezgui & Sayef Bakari, 2025. "The Impact of Digitalization on the Three Pillars of Sustainable Development: An Empirical Analysis in the Context of African Countries," Economic Research Guardian, Mutascu Publishing, vol. 15(1), pages 62-87, June.
    16. Daniel C. Schneider & Sebastian Kripfganz, 2017. "A case study in efficient programming in Stata and Mata: Speeding up the ardl estimation command," German Stata Users' Group Meetings 2017 04, Stata Users Group.
    17. Mohamed Benabdelkader, 2019. "Industrialisation et croissance économique : Vérification des lois de Kaldor pour le cas du Maroc (1980-2016)," Post-Print hal-03753512, HAL.
    18. Jawaher Binsuwadan & Lamya Alotaibi & Hawazen Almugren, 2025. "The Role of Agriculture in Shaping CO 2 in Saudi Arabia: A Comprehensive Analysis of Economic and Environmental Factors," Sustainability, MDPI, vol. 17(10), pages 1-22, May.
    19. Quan-Hoang Vuong & Manh-Tung Ho & Hong-Kong To Nguyen & Minh-Hoang Nguyen, 2019. "The trilemma of sustainable industrial growth: evidence from a piloting OECD’s Green city," Palgrave Communications, Palgrave Macmillan, vol. 5(1), pages 1-14, December.
    20. Rasool Dehghanzadeh Shahabad & Mehmet Balcilar, 2022. "Modelling the Dynamic Interaction between Economic Policy Uncertainty and Commodity Prices in India: The Dynamic Autoregressive Distributed Lag Approach," Mathematics, MDPI, vol. 10(10), pages 1-21, May.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fan:rissri:v:html10.3280/riss2024-002009. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stefania Rosato (email available below). General contact details of provider: http://www.francoangeli.it/riviste/sommario.aspx?IDRivista=168 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.