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The energy-growth nexus revisited: An analysis of different types of energy

Author

Listed:
  • Sabri Boubaker

    (Métis Lab EM Normandie - EM Normandie - École de Management de Normandie = EM Normandie Business School)

  • T.H. Le
  • C.P. Nguyen

Abstract

This study revisits the nexus between energy consumption and economic growth by considering several energy use types (i.e., total energy, fossil fuel energy, and renewable energy). For this purpose, a dynamic fixed effects (DFE) estimator is applied to the autoregressive distributed lag (ARDL) model built on an extended version of the neoclassical production function. This study examines a global sample of 107 countries during 1996–2014, classified into three subsamples of countries based on income level. Overall, the findings show that, in the short run, the use of total energy and fossil fuel energy significantly and positively contribute to higher income in total and per-capita terms. However, the growth effects of renewable energy consumption appear to vary across subsamples. In the long run, the impacts of energy on economic growth are mostly insignificant, supporting the view that conservative energy policies do not harm economic growth.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Sabri Boubaker & T.H. Le & C.P. Nguyen, 2020. "The energy-growth nexus revisited: An analysis of different types of energy," Post-Print hal-05570391, HAL.
    • Handle: RePEc:hal:journl:hal-05570391
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    2. Shahriyar Mukhtarov & Mayis Azizov & Mustafa Tevfik Kartal & Hazi Eynalov, 2026. "Catalyzing green transformation: mitigating oil price impact on CO2 emissions in Saudi Arabia via renewable energy transition," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 28(1), pages 95-117, January.
    3. Boulanouar, Zakaria & Essid, Lobna & Farid, Saqib & Ben Mahjoub, Lassaad, 2025. "Asymmetric threshold effects of economic growth on renewable energy in response to energy price fluctuations," The Journal of Economic Asymmetries, Elsevier, vol. 31(C).
    4. Hu Fu & Sunil Tiwari & Emad Kazemzadeh & Emmanuel Yamoah Cobbold & Sudeshna Ghosh & Buhari Doğan, 2026. "Green Growth and Gender Equality: The Role of Political Empowerment and Renewable Energy in Sustainable Development," Sustainable Development, John Wiley & Sons, Ltd., vol. 34(S1), pages 1018-1042, January.
    5. Anna Yulianita & Siti Rohima & Mardalena & Lisa Hermawati, 2025. "National Energy Security: An Analysis of Economic Growth and Energy Consumption at the Regional Level in Indonesia," Journal of Applied Economic Research, Graduate School of Economics and Management, Ural Federal University, vol. 24(2), pages 415-437.

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