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

[21] SOURCES OF OUTPUT GROWTH AND AGRICULTURAL PERFORMANCE IN EU COUNTRIES - 1960 TO 1980
CARRI, CB
[J]. EUROPEAN REVIEW OF AGRICULTURAL ECONOMICS, 1995, 22 (02) : 231 - 248
[22] Influence of Unemployment Rate on Aggregate Income Uncertainty in Selected EU Countries
Mielcova, Elena
[J]. PROCEEDINGS OF THE 2ND INTERNATIONAL CONFERENCE ON EUROPEAN INTEGRATION 2014 (ICEI 2014), 2014, : 476 - 483
[23] Brazil - Rise in fuel prices likely to reduce 2022/23 sugar output
不详
[J]. INTERNATIONAL SUGAR JOURNAL, 2022, 124 (1480): : 222 - 222
[24] Policy uncertainty and long-run investment and output across countries
Jeong, B
[J]. INTERNATIONAL ECONOMIC REVIEW, 2002, 43 (02) : 363 - 392
[25] Assessing uncertainty of output gap estimates: Evidence from Visegrad countries
Chalmoviansky, Jakub
Nemec, Daniel
[J]. ECONOMIC MODELLING, 2022, 116
[26] CONFIDENCE VS. UNCERTAINTY: AN . EXPLANATION OF HOUSING PRICES IN THE OLD EU MEMBER STATES
Peric, Blanka Skrabic
Smiljanic, Ana Rimac
Soric, Petar
[J]. ROMANIAN JOURNAL OF ECONOMIC FORECASTING, 2022, 25 (03): : 31 - 45
[27] TriHyBus: The First Fuel Cells Hydrogen Bus in New EU Countries
Doucek, Ales
Janik, Ludek
[J]. ADVANCED BATTERIES, ACCUMULATORS AND FUEL CELLS (ABAF 11), 2011, 32 (01): : 49 - 53
[28] Exchange Rate Pass-Through to Domestic Prices in New EU Member Countries
Mirdala, Rajmund
Durcova, Julia
[J]. POLITICKA EKONOMIE, 2016, 64 (04) : 377 - 404
[29] Consequences of the energy measures derived from the war in Ukraine on the level of prices of EU countries
Martinez-Garcia, Miguel A.
Ramos-Carvajal, Carmen
Camara, Angeles
[J]. RESOURCES POLICY, 2023, 86
[30] THE EVOLUTION OF NATURAL GAS PRICES IN EU COUNTRIES AND THEIR IMPACT ON THE COUNTRY'S MACROECONOMIC INDICATORS
Liptakova, Erika
Rimar, Miroslav
Kizek, Jan
Sefcikova, Zuzana
[J]. CIVIL AND ENVIRONMENTAL ENGINEERING REPORTS, 2021, 31 (02) : 255 - 273

← 1 2 3 4 5 →