The study investigates the long run relationship and causal relationship between energy consumption and economic growth in the Brics countries during the period 1990 – 2013. The Pedroni panel co-integration method is applied to analyse the co-integration relationship among the variables. The...

This paper builds on the tools of geopolitics and geo-economics for analyzing energy resource networks and energy security. To prioritize the role that energy resources play in the interpretation of and decision making in international politics, it proposes the introduction of the Greek...

One positive impact of the 1973 oil crises has been the concerted effort across the world to reduce energy consumption through energy use efficiency improvements. Improving energy efficiency ensures the objective of conserving energy and thus promoting sustainable development. Recognition of...

Though energy efficiency is traditionally defined in terms of two basically reciprocal indicators, as energy intensity (energy use per unit of activity output), and as energy productivity (activity output per unit of energy input), the concept is a context-specific one, not necessarily...

During the last decades energy sector has undergone thoughtful structural changes, getting towards a more competitive environment, a process that it is highly controlled and monitored by regulatory authorities. The differences in the pace and extent of market reforms are mainly related to the...

This paper discusses the energy issue in the European Union and the EU’s progress on energy efficiency since the Energy Efficiency related Directive of 2012 (EED): (i) The energy consumption dynamic (primary and final energy consumption), (ii) Directives and other regulations adopted by the...

This paper investigates causal links between economic growth, oil consumption and natural gas usage in Poland on the basis of quarterly data for the period Q1 2000 – Q4 2009. The application of the Toda–Yamamoto procedure, a nonlinear Granger causality test, bootstrap techniques and an...

The United Nations Conference on Climate Change (Paris 2015) reached an international agreement to keep the rise in global average temperature ‘well below 2°C’ and to ‘aim to limit the increase to 1.5°C’. These reductions will have to be made in the face of rising global energy demand....

Better management of natural capital, an efficient allocation of resources and technological progress can contribute to productivity change. The present study uses Data Envelopment Analysis to determine the Total Factor Productivity Index, in the case of the EU15 countries, using panel data on...