Does energy efficiency promote economic growth? Evidence from a multicountry and multisectoral panel dataset

Rajbhandari, Ashish; Zhang, Fan

doi:10.1016/j.eneco.2017.11.007

Cited by 114 publications

(43 citation statements)

References 48 publications

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“…In this context, this research aims to provide empirical evidence on the impact of the energy saving policy in the European Union and the effect of spatial dependence on energy consumption, and to determine the existence or not of positive externalities in the implementation of the energy policy of the European Union, unlike the literature that studies the effect of the oil price and human capital on energy consumption [14][15][16][17].…”

Section: Introductionmentioning

confidence: 99%

“…According to previous studies conducted, there are several studies that define as determinants of energy demand, education [14,15,19,20] and the energy price [16][17][18][21][22][23]. It is worth mentioning that there are few studies that analyze the effect of these two variables on energy consumption using a spatial methodology with panel data for European countries, especially of the EU, in the context of evaluating the energy saving policy of Kyoto in 2008.…”

Section: Introductionmentioning

confidence: 99%

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Economic and Spatial Determinants of Energy Consumption in the European Union

et al. 2019

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In recent decades, various policies have been implemented to reduce energy consumption, as well as a considerable increase in research that analyzes the determinants of energy consumption, both with a standard feature, mitigating environmental degradation. However, few studies investigate the economic and spatial determinants of energy consumption in the European Union (EU). Therefore, to cover the knowledge gap, based on the review of the existing literature, this document is designed to analyze the determinants and energy policy in energy consumption in the EU. For this reason, the objective of this research is to analyze the effect of human capital, the price of oil, and Kyoto Protocol policy on energy consumption. In addition, the effect of contiguity and spatial concentration on energy consumption is studied for 34 European countries, of which 26 belong to the EU, for the period 2000–2016. For this, data collected from the World Bank (2017) and the World Energy Statistical Review (2017) were used. The work methodology is based on the application of econometric techniques for panel data, and spatial econometrics, based on the application of a Spatial Durbin Model (SDM), through which the existence of “spillovers” was determined in the implementation of the energy policy. The results of the estimates show a negative effect of the price of oil and human capital concerning energy consumption, and the variable "Policy" reflects a reduction in the energy consumption of the EU countries in the period analyzed. Additionally, the space panel confirms that the behavior of a country's energy consumption depends on its past values and the level of consumption presented by its neighbors, corroborating the importance of territorial contiguity in the success of environmental policy in the case of the European Union.

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Economic and Spatial Determinants of Energy Consumption in the European Union

et al. 2019

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“…Multiple investigations have found that output and energy consumption are linked (Apergis & Payne 2010; Ozturk 2010). Rajbhandari and Zhang (2018), in a study to examine the causal relationship between energy efficiency and economic growth for 56 high-and middle-income countries over the period from 1978 to 2012, found evidence of a long-term relationship between economic growth to lower energy intensity for all countries. Interestingly, the causality is bi-directional for middle-income countries only.…”

Section: Energy Efficiency and Residential Applications Of Techno-ecomentioning

confidence: 99%

Wall Upgrades for Residential Deep Energy Retrofits: A Literature Review

Antonopoulos

Metzger

Zhang

et al. 2019

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In the United States, 39% of total energy is consumed by the building sector, 20% of the total is attributed to residential buildings (U.S. Energy Information Administration, 2018). New, highperformance homes incorporate a combination of tight building envelopes, mechanical ventilation, and efficient components to ensure comfort, adequate airflow, and moisture control. These systems work together to create energy efficient homes that use measures to manage moisture, comfort, energy efficiency, and the indoor environment. Older homes, built before 1992 when the U.S. Department of Energy's Building Energy Codes Program was established represent approximately 68% of residential building stock in the country and often have significant air leakage and inadequate insulation. Homes with little to no air sealing or insulation have heating and cooling losses that can represent a substantial portion of utility bills. Done correctly, deep energy retrofits can significantly improve the energy performance of a home's thermal envelope, and increase homeowner comfort and health. This literature review summarizes current practices for exterior wall retrofits for existing homes, provides an overview of techno-economic approaches to investigating residential wall systems, and discusses thermal and hygrothermal modeling strategies. This literature review is part of a larger effort to identify state-of-the-art technologies for energy efficient wall retrofit systems that are suitable for cold and very cold climate zones. Retrofit wall systems that can be applied over existing siding offer a possible approach to reducing installation costs.

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“…However, studies of the relationship between energy conservation and economic growth show inconclusive results. Sener & Karakas (2019); (Rajbhandari & Zhang, 2017) shows that "economic growth decreases energy intensity" for high income and upper-middle income country groups countries but is not valid for the lower-middle-income country group. It means that energy efficiency will increase Indonesian economic growth as Indonesia is one of the upper-middle countries.…”

Section: Introductionmentioning

confidence: 98%

Promoting Economic Growth and Environmental Sustainability Through Energy Efficiency: Evidence From Indonesia

Tenrini

Damayanty

Setyawan

et al. 2021

Preprint

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Indonesia has set a unilateral greenhouse gas emissions (GHG) emissions reduction target by 29% and conditional targets with international support of up to 41%, compared to the business as usual by 2030. This paper aims to formulate energy conservation policies to increase productivity and promote economic growth in Indonesia. Indonesia's energy conservation policy has multiple aspects: supporting energy security, commitment to GHG emission reduction, state budget efficiency, and improving productivity and competitiveness. Using Social Accounting Matrix (SAM), this study found evidence that energy efficiency saving will positively affect ecological sustainability and economic agents in the five targeted sectors: energy, waste, industrial processes, product use, agriculture, and forestry. Further, the Corporate Social Responsibility (CSR) policy provides positive effects in increasing economic growth and reducing income disparities.

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Does energy efficiency promote economic growth? Evidence from a multicountry and multisectoral panel dataset

Cited by 114 publications

References 48 publications

Economic and Spatial Determinants of Energy Consumption in the European Union

Economic and Spatial Determinants of Energy Consumption in the European Union

Wall Upgrades for Residential Deep Energy Retrofits: A Literature Review

Promoting Economic Growth and Environmental Sustainability Through Energy Efficiency: Evidence From Indonesia

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