The paper examines the nexus between growth and primary energy consumption in Portugal, using the Autoregressive Distributed Lag (ARDL) bounds test approach with annual time series data from 1965 to 2008. Portugal is a medium-sized economy which has experienced several episodes of economic...

We study the commitment to renewable energy sources, focusing on a set of 24 European countries, and applying panel dynamic estimators. Europe is a leading player in the fight against climate change, and the estimators we use reveal themselves to be appropriate in handling the persistency effect...

The international capital flows are intensifying due to the deepening of globalization and diversification of portfolios in international capital markets. These factors have contributed to the increased integration of international financial markets. A VAR model is carried out to analyze how a...

Qualitative and theoretical literature indicates public policies as a major driver in the development of renewables. This paper empirically tests this claim, within a context of several drivers of renewables, by focusing on a large panel of European countries. Given the presence of...

The Algerian economy is an example of a high level of rentierism, while the Egyptian economy shows a low/moderate level of rentierism. The ARDL bounds test approach was used upon annual time series data from 1965 to 2010. The results suggest cointegration for both countries. Bi-causality between...

This paper applies panel data techniques to analyze the role of the various energy sources in economic growth, for a set of 24 European countries (1990–2007), controlling for energy consumption and energy dependency. The results suggest that the negative effect of the use of renewables...

The relationship between stock market and economic growth is tested for Portugal (1993–2011), which is a small open economy dependent on bank financing. The relationship between economic growth and bank financing is also appraised. Using Vector Autoregressive (VAR) modeling, Granger causality,...