Economic growth and energy security

Economic growth and energy security

Economic and environmental solutions in a changing Europe

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The main goal of this project is to find out how to maintain positive economic growth in the light of increasing energy dependency in Lithuania. An empirical analysis has been performed whereby correlation analysis was used to establish the relationship between economic growth and energy dependency in the Eastern European country of Lithuania. We found that there is a net inverse relationship between energy dependency and economic growth. Lithuania has to rely much more on energy imports especially after the Ignalina Nuclear Power Plant's closure in 2010. In order to maintain positive economic...