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

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. (C) 2020 Elsevier Ltd. All rights reserved.

Automated summary

Studies show that in the energy-GDP nexus, some support the growth hypothesis, some support the feedback hypothesis, and a small portion support the neutrality hypothesis. It is important to be cautious when implementing energy conservation options without introducing structural breaks, and breaking down energy inputs into components can provide more detailed information on the role of exports in the energy-GDP relationship.