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Survey of the international evidence on the causal relationship between energy consumption and growth

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  • James E. Payne

Abstract

Purpose – The purpose of this paper is to survey the empirical literature on the causal relationship between energy consumption and economic growth. Design/methodology/approach – The four major hypotheses (growth, conservation, neutrality, and feedback) are briefly outlined with respect to the energy consumption-growth nexus and corresponding policy implications of each. The survey focuses on country coverage, variables selected and model specification, econometric approaches, various methodological issues, and empirical results. Findings – Though there is no clear consensus on the results for a specific country or groups of countries, directions for future research are discussed. Research limitations/implications – The research surveyed may be dated by the time of publication given the ongoing research in this area. Originality/value – This paper serves as a reference for researchers on the causal relationship between energy consumption and economic growth.

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Bibliographic Info

Article provided by Emerald Group Publishing in its journal Journal of Economic Studies.

Volume (Year): 37 (2010)
Issue (Month): 1 (January)
Pages: 53-95

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Handle: RePEc:eme:jespps:v:37:y:2010:i:1:p:53-95

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Keywords: Economic growth; Energy consumption; Time series analysis;

References

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