Modeling the Oil Price Influences Upon the Energy Sector in the Macroeconomic Context. Empirical Evidence from Central and Eastern European Countries
The oil price influences and tendencies have gained, lately major developments both at the European level and on the international level. Moreover, several interconnections between the energy sector and oil price influences have become the panacea of several important research and studies. In this a...
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| Format: | Article |
| Language: | English |
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Sciendo
2025-03-01
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| Series: | Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice |
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| Online Access: | https://doi.org/10.2478/sues-2025-0001 |
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| author | Dumiter Florin Cornel Nicoară Ștefania Amalia Nicoară Samuel Bențe Cristian Păiușan Luminița |
| author_facet | Dumiter Florin Cornel Nicoară Ștefania Amalia Nicoară Samuel Bențe Cristian Păiușan Luminița |
| author_sort | Dumiter Florin Cornel |
| collection | DOAJ |
| description | The oil price influences and tendencies have gained, lately major developments both at the European level and on the international level. Moreover, several interconnections between the energy sector and oil price influences have become the panacea of several important research and studies. In this article, we provide a qualitative and quantitative approach to the interconnections manifested between oil price movements and the developments of the energy sector. The study is focused on Central and Eastern European Countries which have similarities and differences both at the energy sector level and economy level. The econometric techniques used in this study reveal the importance of the causality relationship between oil price movements and the energy sector taking into account the macroeconomic context. The conclusions of this study highlight some important fine-tuning aspects that must be recalibrated in Central and Eastern European Countries to increase the economic outcomes, strengthen the energy sector, and respond properly to the oil price movement trends. |
| format | Article |
| id | doaj-art-02eb691502264dd3b20fc2046e910463 |
| institution | Kabale University |
| issn | 2285-3065 |
| language | English |
| publishDate | 2025-03-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice |
| spelling | doaj-art-02eb691502264dd3b20fc2046e9104632025-01-20T11:10:13ZengSciendoStudia Universitatis Vasile Goldis Arad, Seria Stiinte Economice2285-30652025-03-0135112910.2478/sues-2025-0001Modeling the Oil Price Influences Upon the Energy Sector in the Macroeconomic Context. Empirical Evidence from Central and Eastern European CountriesDumiter Florin Cornel0Nicoară Ștefania Amalia1Nicoară Samuel2Bențe Cristian3Păiușan Luminița41“Vasile Goldiș” Western University of Arad, Romania, Faculty of Economics, Computer Science and Engineering2“Vasile Goldiș” Western University of Arad, Romania, Faculty of Economics, Computer Science and Engineering3University of Oradea, Romania, Doctoral School of Economic Sciences4“Vasile Goldiș” Western University of Arad, Romania, Faculty of Social Sciences, Humanities and Physical Education and Sport5“Vasile Goldiș” Western University of Arad, Romania, Faculty of Economics, Computer Science and EngineeringThe oil price influences and tendencies have gained, lately major developments both at the European level and on the international level. Moreover, several interconnections between the energy sector and oil price influences have become the panacea of several important research and studies. In this article, we provide a qualitative and quantitative approach to the interconnections manifested between oil price movements and the developments of the energy sector. The study is focused on Central and Eastern European Countries which have similarities and differences both at the energy sector level and economy level. The econometric techniques used in this study reveal the importance of the causality relationship between oil price movements and the energy sector taking into account the macroeconomic context. The conclusions of this study highlight some important fine-tuning aspects that must be recalibrated in Central and Eastern European Countries to increase the economic outcomes, strengthen the energy sector, and respond properly to the oil price movement trends.https://doi.org/10.2478/sues-2025-0001oil priceenergy consumptionmacroeconomic variableseconomic modelingeconomic outcomeso13q43 |
| spellingShingle | Dumiter Florin Cornel Nicoară Ștefania Amalia Nicoară Samuel Bențe Cristian Păiușan Luminița Modeling the Oil Price Influences Upon the Energy Sector in the Macroeconomic Context. Empirical Evidence from Central and Eastern European Countries Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice oil price energy consumption macroeconomic variables economic modeling economic outcomes o13 q43 |
| title | Modeling the Oil Price Influences Upon the Energy Sector in the Macroeconomic Context. Empirical Evidence from Central and Eastern European Countries |
| title_full | Modeling the Oil Price Influences Upon the Energy Sector in the Macroeconomic Context. Empirical Evidence from Central and Eastern European Countries |
| title_fullStr | Modeling the Oil Price Influences Upon the Energy Sector in the Macroeconomic Context. Empirical Evidence from Central and Eastern European Countries |
| title_full_unstemmed | Modeling the Oil Price Influences Upon the Energy Sector in the Macroeconomic Context. Empirical Evidence from Central and Eastern European Countries |
| title_short | Modeling the Oil Price Influences Upon the Energy Sector in the Macroeconomic Context. Empirical Evidence from Central and Eastern European Countries |
| title_sort | modeling the oil price influences upon the energy sector in the macroeconomic context empirical evidence from central and eastern european countries |
| topic | oil price energy consumption macroeconomic variables economic modeling economic outcomes o13 q43 |
| url | https://doi.org/10.2478/sues-2025-0001 |
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