Energy consumption and economic growth: New evidence from the OECD countries

Gözgör, Giray; Lau, Chi Keung Marco; Lu, Zhou

doi:10.1016/j.energy.2018.03.158

Cited by 355 publications

(165 citation statements)

References 43 publications

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“…Since the foundational work of Kraft and Kraft (1978), the association between economic growth and energy conumption has become a hot topic. Various empirical analysis illustrates that economic growth and energy consumption have a positive association (Eggoh, Bangake, & Rault, 2011;Gozgor, Lau, & Lu, 2018;Odhiambo, 2009;Tang, Tan, & Ozturk, 2016;Zhixin & Xin, 2011). Despite accelerated economic development, greenhouse emissions and the lack of renewable energy shortages have raised threats to achieve the sustainable development of the national economy.…”

Section: Literature Reviewmentioning

confidence: 99%

The impact of climate changes on agriculture export trade in Pakistan: Evidence from time‐series analysis

2019

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Agriculture is one of the primary contributors to Pakistan's economy. However, over the last few decades, the atmospheric carbon dioxide emission has been amplified to a great extent in Pakistan. This amplification may cause climate change, global warming, and environmental mitigation in Pakistan. This paper empirically investigates the impact of CO2 emissions on the agricultural export trade of Pakistan over the period 1975–2017. Evidence suggests that climate change could be a primary cause for the decline in Pakistan's agriculture export trade; no studies have been carried out for this specific issue, particularly over time. In this paper, the empirical analysis suggests the negative coefficient of agriculture export trade with CO2 emissions subsequently decreases agriculture export trade, which leads to direct impact on Pakistan's economy. Both theoretical and empirical outcomes suggest that the adaptation of clean and green energies and technologies are the key to reduce pollution in Pakistan. Overall, the effects of carbon dioxide emissions on agriculture export trade are stronger in the long‐run dynamics, thus making the finding heterogeneous. Possible initiatives should be taken by the government of Pakistan to improve the agriculture sector and it should also introduce new policies to reduce the emissions of carbon dioxide.

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Section: Literature Reviewmentioning

confidence: 99%

The impact of climate changes on agriculture export trade in Pakistan: Evidence from time‐series analysis

2019

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“…There are a large number of studies [66][67][68][69][70][71] focused on analysis of the relationship between energy consumption and economic growth in different countries or their groups, different time periods, using various methodologies, etc. The empirical results in many studies are diverse due to differences in methodologies applied for analysis, levels of energy consumption and economic situation, for instance in developed, developing, and emerging countries.…”

Section: Relationships Between Economic Growth and Energy Consumptionmentioning

confidence: 99%

Comparative Analysis of the Energy Sector Development Trends and Forecast of Final Energy Demand in the Baltic States

et al. 2019

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The paper provides a comparative analysis of economic growth in Estonia, Latvia and Lithuania and discusses differences in development of the main sectors during the period 2000–2016. Based on detailed analysis of energy sector development, the driving factors influencing changes in primary energy consumption in each country and in the Baltic region are discovered. Increase of renewable energy sources (RES) consumption in the Baltic region over this period by 73.6% is emphasized. The paper presents valuable insights from analysis of trends in final energy consumption by sectors of the national economies, branches of the manufacturing sector, and by energy carriers. Long-term relationships between economic growth and final energy consumption are established. An econometric model was applied to predict final energy demand in the Baltic States for the 2020 horizon. It is emphasized that growing activities in the manufacturing and transport sectors will cause increase of final energy demand in all three countries. Based on detailed analysis of greenhouse gas (GHG) emissions trends some positive shifts are shown and the necessity of new policies in the transport sector and agriculture is identified. Changes of emission intensity indicators are examined and a potential for decoupling of carbon dioxide (CO2) emissions from economic growth in Estonia is indicated.

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“…Most of the global carbon emission is associated with human lifestyles (IPCC 2001(IPCC , 2014 [15,16] and it varies across the world, consequently damaging the global eco-system. Nearly 90 percent of the world's commercial energy is derived from nonrenewable energy sources, while the proportion of renewable energy such as hydro-power & nuclear energy is marginal [17].Therefore, energy inequalities are often reflected as inequalities in income and other developmental dimensions which may contribute directly or indirectly to environmental degradation. Hence, there is a dire need to switch from high to low carbon releasing energy systems [17].…”

Section: Introductionmentioning

confidence: 99%

Inequalities by energy sources: An assessment of environmental quality

et al. 2020

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Energy demand is rising day by day, driven mainly by the development of countries. At the same time, uneven economic growth in countries is the prime cause of inequality in energy consumption. Keeping in view the worth of energy in the growth process, this study quantifies the impact of energy inequalities and trade on environmental quality over the period 1995-2018 for 57 countries. The Theil approach is used to quantify inter-and intra-regional disparities in five energy sources; oil, coal, natural gas hydroelectricity, and renewable energy. The results show that North America has the highest oil consumption inequality between the regions while East Asia & Pacific has the highest index value within the regions. Coal consumption inequality is declining in North America, but not in East Asia and the Pacific. Europe & Central Asia, and North America have the highest inequalities in natural gas consumption between the regions. Inequality is shrinking in hydropower consumption between the regions, however, such trend has not loomed within the regions. Europe & Central Asia and East Asia & Pacific have major renewable consumption inequalities within the regions. Generally, there is a decreasing temporal trend in energy consumption inequalities of all energy sources. The GMM technique is applied to investigate the impact of energy inequalities and trade openness on environmental quality. The results reveal that energy inequalities degrade environmental quality. Moreover, trade has a positive impact on environmental quality. However, democratic countries can be advantageous to improve the environmental quality. The study implies that countries should take actions to reduce energy inequalities within and between the regions. Specialization in production through trade can also be an option for improvement in the environment.

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Energy consumption and economic growth: New evidence from the OECD countries

Cited by 355 publications

References 43 publications

The impact of climate changes on agriculture export trade in Pakistan: Evidence from time‐series analysis

The impact of climate changes on agriculture export trade in Pakistan: Evidence from time‐series analysis

Comparative Analysis of the Energy Sector Development Trends and Forecast of Final Energy Demand in the Baltic States

Inequalities by energy sources: An assessment of environmental quality

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