4.7 Review

A meta-analysis investigation of the direction of the energy-GDP causal relationship: implications for the growth-degrowth dialogue

Journal

JOURNAL OF CLEANER PRODUCTION
Volume 67, Issue -, Pages 1-13

Publisher

ELSEVIER SCI LTD
DOI: 10.1016/j.jclepro.2013.12.040

Keywords

Energy scarcity; Economic growth; Granger causality; Rough set data analysis; Multinomial logistic regression; Degrowth

Funding

  1. European Union (European Social Fund - ESF)
  2. Greek national funds through the Operational Program Education and Lifelong Learning of the National Strategic Reference Framework (NSRF) - Research Funding Program Heracleitus II: Investing in the knowledge society

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The complex relation between energy use and the economic process has long attracted attention. Issues such as the scarcity of energy resources, energy theory of value, degrowth and a-growth approaches are closely related to the relationship between energy and development. The present study traces the implications of the Energy-GDP causality dialogue for the context of the growth-degrowth debate, where the energy-development link plays a decisive role. In that context; the present research investigates the possible existence of a fundamental macro direction of causality between energy use and economic growth that is not influenced by study-specific characteristics and events. Towards this objective, we perform a meta-analysis that takes into account 158 studies on causality between energy and GDP, covering the period 1978-2011. This is the first time, to our knowledge, that meta-analysis has been applied to investigate the direction of the energy and GDP causal relationship. The meta-analysis results neither support the existence of a fundamental macro direction, nor the so-called neutrality hypothesis (E not equal GDP) in the causal relationship between energy consumption and economic growth. (C) 2013 Elsevier Ltd. All rights reserved.

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