The Economics and Econometrics of the Energy-Growth Nexus

Book description

The Economics and Econometrics of the Energy-Growth Nexus recognizes that research in the energy-growth nexus field is heterogeneous and controversial. To make studies in the field as comparable as possible, chapters cover aggregate energy and disaggregate energy consumption and single country and multiple country analysis. As a foundational resource that helps researchers answer fundamental questions about their energy-growth projects, it combines theory and practice to classify and summarize the literature and explain the econometrics of the energy-growth nexus. The book provides order and guidance, enabling researchers to feel confident that they are adhering to widely accepted assumptions and procedures.

  • Provides guidance about selecting and implementing econometric tools and interpreting empirical findings
  • Equips researchers to get clearer pictures of the most robust relationships between variables
  • Covers up-to-date empirical and econometric methods
  • Combines theory and practice to classify and summarize the literature and explain the econometrics of the energy-growth nexus

Table of contents

  1. Cover
  2. Title page
  3. Table of Contents
  4. Copyright
  5. List of Contributors
  6. Foreword
  7. Introduction
  8. Part 1: The Economics of the Energy-Growth Nexus
    1. Chapter 1: The Energy-Growth Nexus: History, Development, and New Challenges
      1. Abstract
      2. 1. Introduction: What is the Energy-Growth Nexus?
      3. 2. The Methodological Development of the EGN
      4. 3. New Challenges: The Water-Energy-Food (WEF) Nexus
      5. 4. The Hajko Critique
      6. 5. Conclusions
    2. Chapter 2: Disaggregation in the Energy-Growth Nexus: An Indicative Literature Review
      1. Abstract
      2. 1. Introduction: The Need for Disaggregation in the Energy-Growth Nexus (EGN)
      3. 2. Disagreggation Based on Energy Types and Fuel Types: A Literature Map
      4. 3. Disagreggation Based on Economic Sectors: A Literature Map
      5. 4. Case Study for the United States
      6. 5. Conclusions
    3. Chapter 3: On the Dynamics of Renewable Energy Consumption (Aggregated and Disaggregated) and Economic Growth: An Approach by Energy Sources
      1. Abstract
      2. 1. Introduction
      3. 2. Energy Versus Electricity From Renewables and the Economic Growth Nexus
      4. 3. Disaggregating the EGN
      5. 4. Disaggregating the EGN in Germany; Replacing Nuclear Power
      6. 5. The Pertinence of Studying Energy Consumption—Economic Growth Nexus by Source, in Germany: Conditions of a Successful Energy Transition
      7. 6. The Case for a Demand Side Management (DSM) Intervention
      8. 7. Conclusions and Policy Implications
      9. Acknowledgments
    4. Chapter 4: The Role of Potential Factors/Actors and Regime Switching Modeling
      1. Abstract
      2. 1. Introduction
      3. 2. Determinants of the Relationship Between Energy and Economic Growth
      4. 3. Regime Switching and Time-Varying Models
      5. 4. Concluding Remarks
    5. Chapter 5: Critical Issues to Be Answered in the Energy-Growth Nexus (EGN) Research Field
      1. Abstract
      2. 1. Introduction
      3. 2. Environmental Agreements and Research Opportunities in the EGN
      4. 3. Difference Between EGN Results from a Single Country and EGN Results from Panel Countries Which Contain the Single Country
      5. 4. Recent Shifts in the EGN: Sustainability
      6. 5. Recent Shifts in the EGN: Energy Intensity and Energy Efficiency
      7. 6. Literature Segregation Paradigms
      8. 7. Conclusions
  9. Part 2: The Econometrics of the Energy-Growth Nexus
    1. Chapter 6: Practical Issues on Energy-Growth Nexus Data and Variable Selection With Bayesian Analysis
      1. Abstract
      2. 1. Introduction: The Virtues of Panel Data
      3. 2. Part 1: Practical Issues on Data Use in the EGN
      4. 3. Part 2: Variable Selection With Bayesian Analysis
      5. 4. Concluding Remarks
    2. Chapter 7: Current Issues in Time-Series Analysis for the Energy-Growth Nexus (EGN); Asymmetries and Nonlinearities Case Study: Pakistan
      1. Abstract
      2. 1. Introduction
      3. 2. Literature Review
      4. 3. The Modeling, Data, and Methodology
      5. 4. The NARDL Bounds Testing Approach for Asymmetric Cointegration
      6. 5. Results and Discussion
      7. 6. Conclusion and Policy Implications
    3. Chapter 8: Panel Data Analysis in the Energy-Growth Nexus (EGN)
      1. Abstract
      2. 1. Introduction: The Benefits and Limitations of Using Panel Data in the EGN
      3. 2. The Steps of Panel Data Analysis in the EGN
      4. 3. An Empirical Example for the G7 Countries
      5. 4. Conclusions
    4. Chapter 9: Testing for Causality: A Survey of the Current Literature
      1. Abstract
      2. 1. Introduction
      3. 2. Bivariate Causality Tests in Time Series
      4. 3. Multivariate Causality Tests in Time Series
      5. 4. Alternative Causality Test Approaches in Time Series
      6. 5. Asymmetric Causality
      7. 6. Linear Panel Causality
      8. 7. Nonlinear and Nonparametric Causality
      9. 8. Conclusion
    5. Chapter 10: Simultaneous Equations Modeling in the Energy-Growth Nexus
      1. Abstract
      2. 1. Introduction and Background
      3. 2. A Simultaneous Equations Model for Economic Growth (Income Level), Energy Consumption and Air Pollution
      4. 3. Simultaneous Equations Modeling: Key Concepts
      5. 4. Simultaneous Equations Modeling: Estimation Methods
      6. 5. Conclusions
      7. Appendix
      8. Acknowledgments
    6. Chapter 11: The Energy-Growth Nexus (EGN) Checklist for Authors
      1. Abstract
      2. 1. Introduction
      3. 2. Snapshot of the Literature on the Energy-Growth Nexus (EGN): Missing Pieces from the Puzzle
      4. 3. Data and Methodologies: Done Those, Been There, so What’s New?
      5. 4. Findings and Transferability
      6. 5. Reviewer’s Turn: Some Common Questions and Comments Raised
      7. 6. Concluding Remarks
  10. Conclusions
  11. Index

Product information

  • Title: The Economics and Econometrics of the Energy-Growth Nexus
  • Author(s): Angeliki Menegaki
  • Release date: March 2018
  • Publisher(s): Academic Press
  • ISBN: 9780128127476