| Abstract [eng] |
The topic of the interrelationship between energy consumption and economic growth is widely discussed in scientific literature. Scientists agree that the reason for the interest in such investigations arises because of increased worldwide concern about the impact of energy and environmental policies on the country’s economy. Recently, the investigations of causality interrelationships between energy consumption and economic growth have been performed for many countries, including Indonesia Thailand, Japan, China, other Asian countries, G7 economies, Spain, Albania, Bulgaria, Romania, Central America, OECD and non OECD, Sub-Sahara African countries, for the panel of countries (China, Hong Kong, Indonesia, Korea, India, Malaysia, Philippines, Singapore, Taiwan, and Thailand), and many other countries. The results of these investigations are different, country-specific and depend on the structure of the economy, energy type selected, period analyzed, methodology applied and a variety of other factors. The main research question of this article is to answer if consumption of renewable energy sources (further in the text RES) might influence Lithuania’s real gross domestic product (further in the text real GDP); if so what is real GDP elasticity of RES gross inland consumption in Lithuania. Thus, the causality interrelationship between RES gross inland consumption and real GDP in Lithuania during 1990-2009 is analyzed and elasticity coefficients are calculated. [...]. |
