Chapter 4

The Role of Potential Factors/Actors and Regime Switching Modeling

Roula Inglesi-Lotz    University of Pretoria, Pretoria, South Africa

Abstract

Although in the past, the relationship between energy and economic growth was dealt only in a bivariate framework, the relationship is vulnerable and dependent on other multiple endogenous and exogenous factors. This chapter aims to critically review the other studies, describe and evaluate the importance of these various determinants. Among them, the analysis includes production factors (capital, labor, and technological progress), international trade, financial development as well as some less discussed ones such as militarization and tourism development. In addition to the above, regime switching ...

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