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

Author

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  • Giorgiana Roxana Ene

    (The Bucharest University of Economic Studies, Doctoral School of Finance, Romania)

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.

Suggested Citation

  • Giorgiana Roxana Ene, 2023. "A Snapshot of Where We Are. A Gross Domestic Product Analysis Related to Household Energy Price Index in the European Union," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 360-367, August.
    • Handle: RePEc:ovi:oviste:v:xxiii:y:2023:i:1:p:360-367
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    References listed on IDEAS

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    6. Liu, Na & Gao, Fumin, 2022. "The world uncertainty index and GDP growth rate," Finance Research Letters, Elsevier, vol. 49(C).
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    More about this item

    Keywords

    GDP; HEPI; COVID-19; war; VAR model;
    All these keywords.

    JEL classification:

    • B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics
    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • B23 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Econometrics; Quantitative and Mathematical Studies
    • C19 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Other
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • N74 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Europe: 1913-

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