Energy, carbon, and economic growth: Brief literature review

Janda, Karel and Torkhani, Marouan (2016): Energy, carbon, and economic growth: Brief literature review.

Abstract

This paper serves as a brief introduction to the complex relationship between energy consumption and economic growth and between energy consumption and greenhouse emissions. We provide a critical overview of recent literature dealing with energy, carbon emissions and economic growth. We focus mainly on econometric literature examining causal effects between energy consumption and economic growth and on literature adding carbon emissions into the investigation of this topic.

• Item Type: MPRA Paper
• Language: English
• Keywords: Economic growth, energy consumption, oil consumption, natural gas consumption, renewable energies, biomass
• Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O40 - General; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q2 - Renewable Resources and Conservation > Q28 - Government Policy; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q4 - Energy > Q42 - Alternative Energy Sources

References

-Apergis, Nicholas, and James E. Payne. "Energy consumption and growth in South America: Evidence from a panel Error Correction Model." Energy Economics 32.6 (2010): 1421-1426.

-Stern, D. I., & Enflo, K. (2013). Causality between energy and output in the long-run. Energy Economics, 39, 135-146.

-Kraft, John, and Arthur Kraft. "Relationship between energy and GNP." J. Energy Dev.;(United States) 3.2 (1978).

-Shaari, M. S., Hussain, N. E., & Ismail, M. S. (2012). Relationship between energy consumption and economic growth: empirical evidence for Malaysia. Business Systems Review, 2(1), 17-28.

-Shahbaz, M., Tang, C. F., & Shahbaz Shabbir, M. (2011). Electricity consumption and economic growth nexus in Portugal using cointegration and causality approaches. Energy policy, 39(6), 3529-3536.

-Mallick, H. (2009). Examining the linkage between energy consumption and economic growth in India. The Journal of Developing Areas, 43(1), 249-280.

-Stern, D. I. (2010). The role of energy in economic growth. Annals of the New York Academy of Sciences, 1219(1), 26-51.

-Rafiq, S., & Alam, K. (2010). Identifying the determinants of renewable energy consumption in leading renewable energy investor emerging countries. InProceedings of the 39th Australian Conference of Economists (ACE 2010). Economic Society of Australia.

-Hoogwijk, M., & Graus, W. (2008). Global potential of renewable energy sources: a literature assessment. Background report prepared by order of REN21. Ecofys, PECSNL072975.

-Kubiszewski, I., Cleveland, C. J., & Endres, P. K. (2010). Meta-analysis of net energy return for wind power systems. Renewable energy, 35(1), 218-225.

-Papageorgiou, C., Saam, M., & Schulte, P. (2013). Elasticity of substitution between clean and dirty energy inputs: A macroeconomic perspective (No. 13-087). ZEW Discussion Papers.

-Csereklyei Z., M. d. M. Rubio Varas, and D. I. Stern (2014) Energy and economic growth: The stylized facts, Energy Journal.

-Živković, S., & Vlahinić-Dizdarević, N. (2011). Oil consumption and economic growth interdependence in small European countries. Ekonomska istraživanja,24(3), 15-32.

-Menegaki, A. N. (2011). Growth and renewable energy in Europe: A random effect model with evidence for neutrality hypothesis. Energy Economics, 33(2), 257-263.

-Apergis, N., & Payne, J. E. (2012). Renewable and non-renewable energy consumption-growth nexus: Evidence from a panel Error Correction Model. Energy Economics, 34(3), 733-738.

-Payne, J. E. (2010). Survey of the international evidence on the causal relationship between energy consumption and growth. Journal of Economic Studies, 37(1):53 – 95.

- Chang, Tsangyao, and Gengnan Chiang. "Revisiting the government revenue-expenditure nexus: evidence from 15 OECD countries based on the panel data approach." Czech Journal of Economics and Finance (Finance a uver) 59.2 (2009): 165-172.

- Zhang, Xing-Ping, and Xiao-Mei Cheng. "Energy consumption, carbon emissions, and economic growth in China." Ecological Economics 68.10 (2009): 2706-2712.

-http://www.eea.Europa.eu/ , Why did greenhouse gas emissions fall in the EU in 2009? EEA analysis in brief.

- Fei, Li, et al. "Energy consumption-economic growth relationship and carbon dioxide emissions in China." Energy policy 39.2 (2011): 568-574.

-Soytas, Ugur, and Ramazan Sari. "Energy consumption, economic growth, and carbon emissions: challenges faced by an EU candidate member." Ecological economics 68.6 (2009): 1667-1675.

-Chang, Ching-Chih. "A multivariate causality tests of carbon dioxide emissions, energy consumption and economic growth in China." Applied Energy 87.11 (2010): 3533-3537.