Energy and Mineral Resources Exploitation in the Delignitization Era: The Case of Greek Peripheries

The efficient and sustainable exploitation of energy resources may secure a economic growth for different regions. However, the peripheries are subject to social, economic, political constraints, with limited power over management. present work examines regional convergence in efficiency as synopsized GDP generated by minerals an era country’s efforts shut down lignite-run production. With assistance panel unit root tests, we confirm non variables employed, expected result given fact that sources being used production each periphery, generating results. In second stage methodology employed is Bayesian vector auto-regressive model (BVAR) informative prior on steady state. particular outperforms conventional VAR due degrees freedom. Impulse response analysis Variance Decomposition confirmed interlinkages among regions studied. This implies mineral interconnected. Furthermore, transition taking place Megalopoli West Macedonia, where two greatest lignite industries were located until recently, affects resource all other peripheries, according our findings. novelty stands concept detect resources-based Greece Var. results significant, since findings suggest policy makers tools promote based alternative sources, including environmentally friendly ones, into consideration established existing infrastructure used.