IDEAS home Printed from https://ideas.repec.org/a/eee/energy/v216y2021ics0360544220323872.html
   My bibliography  Save this article

Analyses of energy-GDP-export nexus: The way-forward

Author

Listed:
  • Shakeel, Muhammad

Abstract

The role of exports in energy-GDP nexus is relatively under-studied topic. We surveyed some major studies following the principle of backward snowballing sampling on the subject considering country and panel based analyses therein for the role of energy conservations and economic sustainability. We concluded from these selected studies that 43.7% studies found evidence in favor of growth hypothesis, 50% of studies found evidence in favor of feedback hypothesis and 6% of these total studies found evidence in favor of neutrality hypothesis. The findings imply a serious caution in the implementation of energy conservation options via employing framework without introducing structural breaks. Moreover, disaggregation of energy input into its components (Oil, coal, gas or fossil and non-fossil fuels) corroborates pertinent information on the role of exports in energy-GDP nexus. Thus, overcoming the caveats of extant studies considering this survey therein proposed suggestions for improving the modeling framework may potentially become insightful to the literature on energy conservation and the way forward.

Suggested Citation

  • Shakeel, Muhammad, 2021. "Analyses of energy-GDP-export nexus: The way-forward," Energy, Elsevier, vol. 216(C).
    • Handle: RePEc:eee:energy:v:216:y:2021:i:c:s0360544220323872
    DOI: 10.1016/j.energy.2020.119280
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0360544220323872
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.energy.2020.119280?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Apergis, Nicholas & Payne, James E., 2009. "CO2 emissions, energy usage, and output in Central America," Energy Policy, Elsevier, vol. 37(8), pages 3282-3286, August.
    2. Raza, Syed Ali & Shahbaz, Muhammad & Nguyen, Duc Khuong, 2015. "Energy conservation policies, growth and trade performance: Evidence of feedback hypothesis in Pakistan," Energy Policy, Elsevier, vol. 80(C), pages 1-10.
    3. Tiba, Sofien & Omri, Anis, 2017. "Literature survey on the relationships between energy, environment and economic growth," Renewable and Sustainable Energy Reviews, Elsevier, vol. 69(C), pages 1129-1146.
    4. Chen, Sheng-Tung & Kuo, Hsiao-I & Chen, Chi-Chung, 2007. "The relationship between GDP and electricity consumption in 10 Asian countries," Energy Policy, Elsevier, vol. 35(4), pages 2611-2621, April.
    5. Pedroni, Peter, 2004. "Panel Cointegration: Asymptotic And Finite Sample Properties Of Pooled Time Series Tests With An Application To The Ppp Hypothesis," Econometric Theory, Cambridge University Press, vol. 20(3), pages 597-625, June.
    6. Shahbaz, Muhammad & Lean, Hooi Hooi & Farooq, Abdul, 2013. "Natural gas consumption and economic growth in Pakistan," Renewable and Sustainable Energy Reviews, Elsevier, vol. 18(C), pages 87-94.
    7. Sadorsky, Perry, 2012. "Energy consumption, output and trade in South America," Energy Economics, Elsevier, vol. 34(2), pages 476-488.
    8. repec:ipg:wpaper:2014-583 is not listed on IDEAS
    9. Muhammad Shakeel & M. Mazhar Iqbal & M. Tariq Majeed, 2014. "Energy Consumption, Trade and GDP: A Case Study of South Asian Countries," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 53(4), pages 461-476.
    10. Shahbaz, Muhammad & Nasreen, Samia & Ling, Chong Hui & Sbia, Rashid, 2014. "Causality between trade openness and energy consumption: What causes what in high, middle and low income countries," Energy Policy, Elsevier, vol. 70(C), pages 126-143.
    11. Lee, Chien-Chiang, 2005. "Energy consumption and GDP in developing countries: A cointegrated panel analysis," Energy Economics, Elsevier, vol. 27(3), pages 415-427, May.
    12. Sahbi Farhani & Muhammad Shahbaz & Mohammad Mafizur Rahman, 2014. "Natural gas consumption and economic growth in France: Evidence for the role of exports, capital and labor," Working Papers 2014-226, Department of Research, Ipag Business School.
    13. Peter Pedroni, 1999. "Critical Values for Cointegration Tests in Heterogeneous Panels with Multiple Regressors," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 61(S1), pages 653-670, November.
    14. ASGHAR, Zahid, 2008. "Energy–Gdp Relationship: A Causal Analysis For The Five Countries Of South Asia," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 8(1), pages 167-180.
    15. Sebastian Gechert & Thomas Havranek & Zuzana Irsova & Dominika Kolcunova, 2019. "Death to the Cobb-Douglas Production Function," FMM Working Paper 51-2019, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    16. Gechert, Sebastian & Havranek, Tomas & Irsova, Zuzana & Kolcunova, Dominika, 2019. "Death to the Cobb-Douglas Production Function? A Quantitative Survey of the Capital-Labor Substitution Elasticity," MPRA Paper 95949, University Library of Munich, Germany.
    17. Omri, Anis, 2014. "An international literature survey on energy-economic growth nexus: Evidence from country-specific studies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 38(C), pages 951-959.
    18. Ozturk, Ilhan, 2010. "A literature survey on energy-growth nexus," Energy Policy, Elsevier, vol. 38(1), pages 340-349, January.
    19. Ewing, Bradley T. & Payne, James E. & Caporin, Massimilano, 2022. "The Asymmetric Impact of Oil Prices and Production on Drilling Rig Trajectory: A correction," Resources Policy, Elsevier, vol. 79(C).
    20. R. Stresing & D. Lindenberger & R. Kümmel, 2008. "Cointegration of output, capital, labor, and energy," The European Physical Journal B: Condensed Matter and Complex Systems, Springer;EDP Sciences, vol. 66(2), pages 279-287, November.
    21. Pokrovski, Vladimir N., 2003. "Energy in the theory of production," Energy, Elsevier, vol. 28(8), pages 769-788.
    22. Evan Lau & Xiao-Hui Chye & Chee-Keong Choong, 2011. "Energy-Growth Causality: Asian Countries Revisited," International Journal of Energy Economics and Policy, Econjournals, vol. 1(4), pages 140-149.
    23. Alexandra Tsiotras & Antonio Estache, 2014. "In the short run, energy efficiency concerns and trade protection hurt each other and growth, but in the long run, not necessarily so: 1980-2010 Latin American Evidence," Working Papers ECARES ECARES 2014-38, ULB -- Universite Libre de Bruxelles.
    24. Sadorsky, Perry, 2011. "Trade and energy consumption in the Middle East," Energy Economics, Elsevier, vol. 33(5), pages 739-749, September.
    25. Stern, David I., 2000. "A multivariate cointegration analysis of the role of energy in the US macroeconomy," Energy Economics, Elsevier, vol. 22(2), pages 267-283, April.
    26. Muhammad Arshad Khan & Abdul Qayyum, 2007. "Dynamic Modelling of Energy and Growth in South Asia," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 46(4), pages 481-498.
    27. Narayan, Paresh Kumar & Smyth, Russell, 2009. "Multivariate granger causality between electricity consumption, exports and GDP: Evidence from a panel of Middle Eastern countries," Energy Policy, Elsevier, vol. 37(1), pages 229-236, January.
    28. Tiba, Sofien & Frikha, Mohamed, 2018. "Income, trade openness and energy interactions: Evidence from simultaneous equation modeling," Energy, Elsevier, vol. 147(C), pages 799-811.
    29. repec:bla:obuest:v:61:y:1999:i:0:p:653-70 is not listed on IDEAS
    30. Rehana Siddiqui, 2004. "Energy and Economic Growth in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 43(2), pages 175-200.
    31. Lean, Hooi Hooi & Smyth, Russell, 2010. "On the dynamics of aggregate output, electricity consumption and exports in Malaysia: Evidence from multivariate Granger causality tests," Applied Energy, Elsevier, vol. 87(6), pages 1963-1971, June.
    32. Dedeoğlu, Dinçer & Kaya, Hüseyin, 2013. "Energy use, exports, imports and GDP: New evidence from the OECD countries," Energy Policy, Elsevier, vol. 57(C), pages 469-476.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Shazia Farhat Durrani & Inayatullah Jan & Munir Ahmad, 2021. "Do Primary Energy Consumption and Economic Growth Drive Each Other in Pakistan? Implications for Energy Policy," Biophysical Economics and Resource Quality, Springer, vol. 6(3), pages 1-10, September.
    2. Sharareh Pourebrahim & Mehrdad Hadipour & Zahra Emlaei & Hamidreza Heidari & Choo Ta Goh & Khai Ern Lee, 2023. "Analysis of Environmental Carrying Capacity Based on the Ecological Footprint for the Sustainable Development of Alborz, Iran," Sustainability, MDPI, vol. 15(10), pages 1-19, May.
    3. Muhammad Mar’I & Mehdi Seraj & Turgut Tursoy, 2023. "The Role of Fiscal Policy in G20 Countries in the Context of the Environmental Kuznets Curve Hypothesis," Energies, MDPI, vol. 16(5), pages 1-16, February.
    4. Siong, Tang Chung & Kogid, Mori & Alin, James M., 2022. "Asymmetric modeling of fuel consumption in Malaysia," Energy, Elsevier, vol. 239(PA).
    5. Nadeem, Muhammad & Wang, Zilong & Shakeel, Muhammad, 2023. "Real output, fossil fuels, clean fuels and trade dynamics: New insights from structural break models in China," Applied Energy, Elsevier, vol. 350(C).
    6. Skare, Marinko & Ozturk, Ilhan & Porada-Rochoń, Małgorzata & Stjepanovic, Sasa, 2024. "Energy as the new frontier: Dynamic panel data analysis revealing energy's transformative role in economic growth and technological progress," Technological Forecasting and Social Change, Elsevier, vol. 200(C).
    7. Liton Chandra Voumik & Shohel Md. Nafi & Festus Victor Bekun & Murat Ismet Haseki, 2023. "Modeling Energy, Education, Trade, and Tourism-Induced Environmental Kuznets Curve (EKC) Hypothesis: Evidence from the Middle East," Sustainability, MDPI, vol. 15(6), pages 1-18, March.
    8. Gakuru, Elias & Yang, Shaohua & Namahoro, J.P. & Nie, Peng & Bunje, Madinatou Yeh & Aslam, Naveed, 2024. "Energy-focused green climate policies and trade nexus:Do heterogeneous effects on clean energy poverty matter?," Energy, Elsevier, vol. 294(C).
    9. Soytas, Ugur & Magazzino, Cosimo & Mele, Marco & Schneider, Nicolas, 2022. "Economic and environmental implications of the nuclear power phase-out in Belgium: Insights from time-series models and a partial differential equations algorithm," Structural Change and Economic Dynamics, Elsevier, vol. 63(C), pages 241-256.
    10. Chung-Siong Tang & Mori Kogid & James Alin & Brian Dollery, 2022. "Modelling Sectoral Energy Consumption in Malaysia: Assessing the Asymmetric Effects," Sustainability, MDPI, vol. 14(3), pages 1-17, February.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Muhammad Shakeel & Aziz Ahmed, 2021. "Economic growth, exports, and role of energy conservation: Evidence from panel co-integration-based causality models in South Asia," Energy & Environment, , vol. 32(1), pages 3-24, February.
    2. Farhani, Sahbi & Shahbaz, Muhammad & Sbia, Rashid, 2013. "What is MENA Region Initially Needed: Grow Output or Mitigate CO2 Emissions?," MPRA Paper 48859, University Library of Munich, Germany, revised 05 Aug 2013.
    3. repec:ipg:wpaper:2014-529 is not listed on IDEAS
    4. Farhani, Sahbi & Shahbaz, Muhammad & Sbia, Rashid & Chaibi, Anissa, 2014. "What does MENA region initially need: Grow output or mitigate CO2 emissions?," Economic Modelling, Elsevier, vol. 38(C), pages 270-281.
    5. Shahbaz, Muhammad & Nasreen, Samia & Ling, Chong Hui & Sbia, Rashid, 2014. "Causality between trade openness and energy consumption: What causes what in high, middle and low income countries," Energy Policy, Elsevier, vol. 70(C), pages 126-143.
    6. Nadeem, Muhammad & Wang, Zilong & Shakeel, Muhammad, 2023. "Real output, fossil fuels, clean fuels and trade dynamics: New insights from structural break models in China," Applied Energy, Elsevier, vol. 350(C).
    7. Kyophilavong, Phouphet & Shahbaz, Muhammad & Anwar, Sabeen & Masood, Sameen, 2015. "The energy-growth nexus in Thailand: Does trade openness boost up energy consumption?," Renewable and Sustainable Energy Reviews, Elsevier, vol. 46(C), pages 265-274.
    8. Hasanov, Fakhri & Bulut, Cihan & Suleymanov, Elchin, 2017. "Review of energy-growth nexus: A panel analysis for ten Eurasian oil exporting countries," Renewable and Sustainable Energy Reviews, Elsevier, vol. 73(C), pages 369-386.
    9. Alexandra Tsiotras & Antonio Estache, 2014. "In the short run, energy efficiency concerns and trade protection hurt each other and growth, but in the long run, not necessarily so: 1980-2010 Latin American Evidence," Working Papers ECARES ECARES 2014-38, ULB -- Universite Libre de Bruxelles.
    10. Muhammad Shahbaz & Syed Jawad Hussain Shahzad & Mantu Kumar Mahalik & Perry Sadorsky, 2018. "How strong is the causal relationship between globalization and energy consumption in developed economies? A country-specific time-series and panel analysis," Applied Economics, Taylor & Francis Journals, vol. 50(13), pages 1479-1494, March.
    11. Omri, Anis & Daly, Saida & Rault, Christophe & Chaibi, Anissa, 2015. "Financial development, environmental quality, trade and economic growth: What causes what in MENA countries," Energy Economics, Elsevier, vol. 48(C), pages 242-252.
    12. Muhammad Shakeel & M. Mazhar Iqbal & M. Tariq Majeed, 2014. "Energy Consumption, Trade and GDP: A Case Study of South Asian Countries," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 53(4), pages 461-476.
    13. Muhammad Shahbaz & Syed Jawad Hussain Shahzad & Shaista Alam & Nicholas Apergis, 2018. "Globalisation, economic growth and energy consumption in the BRICS region: The importance of asymmetries," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 27(8), pages 985-1009, November.
    14. Ozturk, Ilhan & Al-Mulali, Usama, 2015. "Natural gas consumption and economic growth nexus: Panel data analysis for GCC countries," Renewable and Sustainable Energy Reviews, Elsevier, vol. 51(C), pages 998-1003.
    15. Sadorsky, Perry, 2012. "Energy consumption, output and trade in South America," Energy Economics, Elsevier, vol. 34(2), pages 476-488.
    16. Shahbaz, Muhammad & Zakaria, Muhammad & Shahzad, Syed Jawad Hussain & Mahalik, Mantu Kumar, 2018. "The energy consumption and economic growth nexus in top ten energy-consuming countries: Fresh evidence from using the quantile-on-quantile approach," Energy Economics, Elsevier, vol. 71(C), pages 282-301.
    17. Nasreen, Samia & Anwar, Sofia, 2014. "Causal relationship between trade openness, economic growth and energy consumption: A panel data analysis of Asian countries," Energy Policy, Elsevier, vol. 69(C), pages 82-91.
    18. repec:ipg:wpaper:2014-592 is not listed on IDEAS
    19. Buhari Dogan & Osman Deger, 2016. "How Globalization and Economic Growth Affect Energy Consumption: Panel Data Analysis in the Sample of Brazil, Russia, India, China Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 6(4), pages 806-813.
    20. Nguyen, Kim Hanh & Kakinaka, Makoto, 2019. "Renewable energy consumption, carbon emissions, and development stages: Some evidence from panel cointegration analysis," Renewable Energy, Elsevier, vol. 132(C), pages 1049-1057.
    21. Gozgor, Giray & Mahalik, Mantu Kumar & Demir, Ender & Padhan, Hemachandra, 2020. "The impact of economic globalization on renewable energy in the OECD countries," Energy Policy, Elsevier, vol. 139(C).
    22. Smyth, Russell & Narayan, Paresh Kumar, 2015. "Applied econometrics and implications for energy economics research," Energy Economics, Elsevier, vol. 50(C), pages 351-358.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:energy:v:216:y:2021:i:c:s0360544220323872. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/energy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.