Assessment of Lithuanian Energy Sector Influence on GDP
Santrauka
The relationship between the Econ
omic growth and Energy Sector
performance is unquestionable. Honewer it is not an easy task to
evaluate the strength of this relationship. The majority of scientists
are investigating the impact of certain Energy Sector’s activities on
the overall energy consumption, climate change or Economic
growth. This article analyzes the in
fluence of Energy Sector to GDP
of Lithuania. The objective of the research is to show how the re-
sults of Lithuanian Energy Se
ctor in 2005 – 2015 have been
changed and to determine their impact on GDP. The concept of
Energy Sector is presented first.
Secondly, a methodology for analyz-
ing the performance of the Economic growth and Energy Sector is
described. Thirdly, the analysis of
the activities of Energy Sector and
its influence on GDP has been anal
yzed. The proposed model of the
impact of the Energy Sector's activi
ties on the growth of GDP in the
article combines six main aspects of the research: participants in
the Energy Sector; Energy balanc
e indicators; Changes in energy
product prices; The value added cr
eated by the Energy Sector; The
main taxes paid by Energy Sector as part of the National budget
revenue; The net profitability of the Energy Sector. This model is
applicable for analyzing the aggregate performance indicators of
Energy Sector and its impact on the growth of GDP. Hypothesis of
this research - Lithuanian energy sector has a statistically significant
influence on GDP. The findings showed that GDP and Energy Sector
indicators, after a year of crisis, tended to grow. But the impact of
these indicators on GDP is weak. However, particularly high correla-
tion ratios between them may indirectly affect the change in GDP
Rinkiniai
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