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- Title
THE INVESTIGATION OF LITHUANIAN GROWTH AND INDUSTRY EXPORT DEPENDENCE ON ENERGETIC RESOURCES.
- Authors
Smaliukienė, Rasa; Dudzevičiūtė, Gitana; Adekola, Abel Femi; Aktan, Bora
- Abstract
Economic growth and country's industry dependence on the assessment of energetic resources arise as comprehensive approach. The increase in global energy prices, significant dependence on imported energy and increase in energy consumption might result international competitiveness of the country and pose constrains towards sustainable development. Restructuring of the economies from energy intensive industries towards more technologically advanced products and services might lead to higher value added per unit of product, and energy saving sectors with lower energy consumption per unit of output. In order to sustain international competitiveness of exporting sectors, it is necessary to diminish gradually intensity of expensive energy resources. The problem of this study related to the scientific discussion concerning relationships among the intensity of energetic resources' use, economic growth and export. The analysis of the theoretical and empirical studies of the effects of energy on the economic growth and export showed that energetic resources precede and predict the economic growth and export, however, the question concerning the direction of causality remains open, since unobserved variables may drive both developments. This paper analyzes the case of Lithuania. The authors investigate economic growth and industry sectors' export dependence on energetic resources.
- Subjects
ECONOMIC development; ENERGY consumption; SUSTAINABLE development; ECONOMIC forecasting; ECONOMIC competition; EXPORTS
- Publication
Journal of Security & Sustainability Issues, 2012, Vol 2, Issue 2, p69
- ISSN
2029-7017
- Publication type
Article
- DOI
10.9770/jssi.2012.2.2(7)