THE RELATIONSHIP BETWEEN THE SHARE OF RENEWABLES, ELECTRICITY PRICES AND GDP IN THE CZECH REPUBLIC
| Authors | |
|---|---|
| Year of publication | 2012 |
| Type | Article in Periodical |
| Magazine / Source | International Journal of Business and Management Studies |
| MU Faculty or unit | |
| Citation | |
| Field | Economy |
| Keywords | Renewables; Electricity prices; GDP; Cointegration |
| Description | The aim of this article is to examine the relationship between the price of electricity for households, gross domestic product and the share of electricity produced from renewables in the Czech Republic in years 2000-2009. There is an indication for the existence of cointegration relationship between these variables, in other words there probably is a long-run equilibrium between the share of renewables and the GDP, which may be appropriate topic for further research. The vector error correction model is estimated. The relationship appears to be of the bivariate form between GDP and the renewables share of electricity production. |
| Related projects: |