Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7917912 | Energy Procedia | 2017 | 5 Pages |
Abstract
The augmented energy-growth nexus with globalization is analyzed for a panel of 43 countries between 1971 to 2013, by using an autoregressive distributed lag (ARDL) approach. The impacts of economic, political and social globalization on energy-growth nexus are explored. The results are consistent with the presence of cointegration. Evidences of the traditional feedback hypothesis on the energy-growth nexus was found. Economic, political and social globalization have heterogenous impacts on the nexus. In general, globalization is a long-run driver of both energy consumption and economic growth. Accordingly, globalization should be promoted. In addition, restrictive energy policies should be avoided or carefully designed to no hamper economic growth.
Related Topics
Physical Sciences and Engineering
Energy
Energy (General)
Authors
LuÃs Miguel Marques, José Alberto Fuinhas, António Cardoso Marques,