TY - JOUR AU - Umurzakov, Uktam AU - Mirzaev, Bakhodir AU - Salahodjaev, Raufhon AU - Isaeva, Arletta AU - Tosheva, Shakhnoza PY - 2020/10/10 Y2 - 2024/03/29 TI - Energy Consumption and Economic Growth: Evidence from Post-Communist Countries JF - International Journal of Energy Economics and Policy JA - IJEEP VL - 10 IS - 6 SE - Articles DO - UR - https://econjournals.com/index.php/ijeep/article/view/10003 SP - 59-65 AB - <p>Current study aimed to explore the nexus between energy and economic growth in post-communist nations during 1995-2014. As an empirical model, the growth model is employed including economic complexity indicator as a measure of capabilities for exporting sophisticated products. We employ Pedroni's (1999) panel cointegration tests and Panel Dynamic OLS estimation to assess the long-term link between the variables. At 1% significance level, we confirm cointegration between energy consumption and economic growth. Panel Dynamic OLS results revealed that economic growth positively influences energy consumption in Post-Communist states. The Dumotrescu and Hurlin (2012) panel Granger causality test results discovered unidirectional causality running from economic growth to energy consumption. Economic growth causes energy consumption in post-communistic countries, confirming the conservation hypothesis.</p><p><strong>Keywords:</strong> energy, growth, Post-Communist</p><p class="Default"><strong>JEL Classifications: </strong>C23, O47, Q40</p><p class="Default">DOI: <a href="https://doi.org/10.32479/ijeep.10003">https://doi.org/10.32479/ijeep.10003</a></p> ER -