OUTPUT, UNCERTAINTY AND FUEL PRICES IN THE EU COUNTRIES

被引：3

作者：

Grecu, Eugenia ^{[1
]}

Albulescu, Claudiu Tiberiu ^{[1
]}

Partachi, Ion Profir ^{[2
]}

Stancu, Stelian ^{[3
]}

Trasca, Daniela Livia ^{[4
]}

机构：

[1] Politehn Univ Timisoara, Dept Management, Timisoara, Romania

[2] Acad Econ Studies Moldova, Dept Econometr & Econ Stat, Kishinev, Moldova

[3] Bucharest Univ Econ Studies, Dept Econ Informat & Cybernet, Bucharest, Romania

[4] Bucharest Univ Econ Studies, Dept Econ & Econ Policies, Bucharest, Romania

来源：

ECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH | 2020年 / 54卷 / 01期

关键词：

output; inflation; uncertainty; fuel prices; EU countries; ECONOMIC-GROWTH; INFLATION UNCERTAINTY; PANEL-DATA; OIL PRICE;

D O I：

10.24818/18423264/54.1.20.02

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this paper we test whether the Friedman's second hypothesis is verified in the case of European Union countries, and we check for the role of fuel prices in influencing the economic output. More precisely, relying on both General Method of Moments and Mean Group approaches for a panel of EU-28 countries, over the period 2005 to 2017, we analyze the impact of inflation uncertainty, growth uncertainty and fuel prices on the economic growth rate. We show that inflation and growth uncertainty, as well as fuel prices, have a positive impact on economic growth in the short run; In the long run, the results reveal that inflation uncertainty has a negative influence on economic output, whereas the effect of economic growth uncertainty and fuel prices is no longer significant. We show that the diesel prices have a stronger impact on economic growth in the short run, compared with gasoline prices.

引用

页码：15 / 30

页数：16

共 50 条

[1] INFLATION, INFLATION UNCERTAINTY AND FUEL PRICES IN THE EU
Albulescu, Claudiu Tiberiu
Stancu, Stelian
Grecu, Eugenia
Trasca, Daniela Livia
[J]. ECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH, 2022, 56 (02): : 37 - 48
[2] The co-movement between output and prices in the EU15 countries:: an empirical investigation
Vázquez, J
[J]. APPLIED ECONOMICS LETTERS, 2002, 9 (14) : 957 - 966
[3] COMPARISON OF SELECTED DRUGS PRICES IN EU COUNTRIES
Psenkova, Bucek M.
Mackovicova, S.
[J]. VALUE IN HEALTH, 2018, 21 : S164 - S164
[4] Inflation uncertainty, growth uncertainty, oil prices, and output growth in the UK
Bhar, Ramprasad
Mallik, Girijasankar
[J]. EMPIRICAL ECONOMICS, 2013, 45 (03) : 1333 - 1350
[5] Inflation uncertainty, growth uncertainty, oil prices, and output growth in the UK
Ramprasad Bhar
Girijasankar Mallik
[J]. Empirical Economics, 2013, 45 : 1333 - 1350
[6] Differentiation and Changes of Household Electricity Prices in EU Countries
Rokicki, Tomasz
Borawski, Piotr
Gradziuk, Barbara
Gradziuk, Piotr
Mrowczynska-Kaminska, Aldona
Kozak, Joanna
Guzal-Dec, Danuta Jolanta
Wojtczuk, Kamil
[J]. ENERGIES, 2021, 14 (21)
[7] Differences in the Structure of Household Electricity Prices in EU Countries
Matuszewska-Janica, Aleksandra
Zebrowska-Suchodolska, Dorota
Zalewska, Mariola E.
Ala-Karvia, Urszula
Hozer-Kocmiel, Marta
[J]. ENERGIES, 2023, 16 (18)
[8] Natural gas prices and stock prices: Evidence from EU-15 countries
Acaravci, Ali
Ozturk, Ilhan
Kandir, Serkan Yilmaz
[J]. ECONOMIC MODELLING, 2012, 29 (05) : 1646 - 1654
[9] LAND PRODUCTIVITY AND ITS PRICES IN THE COUNTRIES OF EU-15 AND EU-12
Czyzewski, Andrzej
Majchrzak, Adam
Smedzik-Ambrozy, Katarzyna
[J]. NEW DIMENSIONS IN THE DEVELOPMENT OF SOCIETY HOME ECONOMICS FINANCE AND TAXES, 2017, (46): : 228 - 233
[10] The shocking nature of output fluctuations in some EU countries
Bhattacharya, R
Binner, J
[J]. APPLIED ECONOMICS, 1998, 30 (08) : 1101 - 1125

← 1 2 3 4 5 →