Exploring the relationship between energy use and economic growth with bivariate models: New evidence from G-7 countries

Zachariadis, Theodoros

doi:10.1016/j.eneco.2007.05.001

Cited by 164 publications

(100 citation statements)

References 47 publications

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“…The energy quality adjustment approach adopted in this paper is in accordance with the influential study of Cleveland et al (2000), who argued that in "aggregating different energy types by their heat units embodies a serious flaw: it ignores qualitative differences among energy vectors" as well as that "adjusting energy for quality is important as is considering the context within energy use is occurring". This view, for energy quality adjustment, is further acknowledged and supported by Zachariadis (2007), who argued that such practice has to be seriously considered in similar empirical applications. Moreover, our methodological framework is in line with the conclusion of Ozturk (2010) who noted that "it should be understood that research papers using the same methods with the same variables, just by changing the time period examined, have no more potential to make contribution to the existing energy-growth literature".…”

Section: Introductionmentioning

confidence: 95%

Energy consumption and economic growth: Parametric and non-parametric causality testing for the case of Greece

2013

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The objective of this paper is to contribute to the understanding of the linear and nonlinear causal linkages between total energy consumption and economic activity, making use of annual time series of Greece for the period 1960-2008. Two are the salient features of our study: first, the total energy consumption has been adjusted for qualitative differences among its constituent components through the thermodynamics of energy conversion. In doing so, we rule out the possibility of a misleading inference due to aggregation bias. Second, the investigation of the causal linkage between economic growth and the adjusted for quality total energy consumption is conducted within a non-linear context. Our empirical results reveal significant unidirectional both linear and non-linear causal linkages running from total useful energy to economic growth. These findings may provide valuable information for the contemplation of more effective energy policies with respect to both the consumption of energy and environmental protection.JEL Classification: C14, C22, Q43, Q48.

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Section: Introductionmentioning

confidence: 95%

Energy consumption and economic growth: Parametric and non-parametric causality testing for the case of Greece

2013

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“…Available at: http://www.indec.gov.ar/ 12 Statistics of working hours -Hours of work, by economic activity (Per week). Available at: http://laborsta.ilo.org/ 13 Data from National Accounts Main Aggregates Database, Series of Gross Value Added by Kind of Economic Activity at constant (1990) prices -US dollars, available at: http://unstats.un.org/unsd/default.htm that 50% of mobility is for transporting goods; 50% of the remaining half corresponds to compulsory mobility (i.e. commuting) and the other 50% corresponds to voluntary mobility which we incorporate to household energy consumption.…”

Section: Data Used In the Analysismentioning

confidence: 99%

“…For the demographic data we used national statistics from the Instituto Nacional de Estadísticas y Censos (INDEC) 11 and International Labor Organization (ILO) -LABORSTA 12 . Regarding monetary data we used statistics from United Nations Statistics Division 13 .…”

Section: Data Used In the Analysismentioning

confidence: 99%

“…The link between energy consumption and economic growth, as well as the relevance of energy flows for economic development, has been widely studied in the economic literature from both theoretical and empirical standpoints [1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17]. Understanding this relationship is particularly important from both environmental and socio-economic viewpoints, as energy consumption is crucial to economic development and human environmental impact.…”

Section: Introductionmentioning

confidence: 99%

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Going beyond energy intensity to understand the energy metabolism of nations: The case of Argentina

Recalde

Ramos-Martín

2012

Energy

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The link between energy consumption and economic growth has been widely studied in the economic literature. Understanding this relationship is important from both an environmental and a socio-economic point of view, as energy consumption is crucial to economic activity and human environmental impact. This relevance is even higher for developing countries, since energy consumption per unit of output varies through the phases of development, increasing from an agricultural stage to an industrial one and then decreasing for certain service based economies.In the Argentinean case, the relevance of energy consumption to economic development seems to be particularly important. While energy intensity seems to exhibit a U-Shaped curve from 1990 to 2003 decreasing slightly after that year, total energy consumption increases along the period of analysis. Why does this happen? How can we relate this result with the sustainability debate? All these questions are very important due to Argentinean hydrocarbons dependence and due to the recent reduction in oil and natural gas reserves, which can lead to a lack of security of supply.In this paper we study Argentinean energy consumption pattern for the period 1990-2007, to discuss current and future energy and economic sustainability. To this purpose, we developed a conventional analysis, studying energy intensity, and a non conventional analysis, using the Multi-Scale Integrated Analysis of Societal and Ecosystem Metabolism (MuSIASEM) accounting methodology. Both methodologies show that the development process followed by Argentina has not been good enough to assure sustainability in the long term. Instead of improving energy use, energy intensity has increased. The current composition of its energy mix, and the recent economic crisis in Argentina, as well as its development path, are some of the possible explanations.

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“…To our knowledge, the bivariate study by Zachariadis (2007) is the only study which analyzed the relationship between sectoral energy consumption and sectoral GDP. Other studies focused either on sectoral energy consumption and total GDP (e.g.…”

Section: Introductionmentioning

confidence: 99%

Explaining the (non-) causality between energy and economic growth in the U.S.—A multivariate sectoral analysis

Gross¹

2012

Energy Economics

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Exploring the relationship between energy use and economic growth with bivariate models: New evidence from G-7 countries

Cited by 164 publications

References 47 publications

Energy consumption and economic growth: Parametric and non-parametric causality testing for the case of Greece

Energy consumption and economic growth: Parametric and non-parametric causality testing for the case of Greece

Going beyond energy intensity to understand the energy metabolism of nations: The case of Argentina

Explaining the (non-) causality between energy and economic growth in the U.S.—A multivariate sectoral analysis

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