Revisiting the economic growth-energy consumption nexus: Does globalization matter?

被引：130

作者：

Acheampong, Alex O. ^{[1
,2
]}

Boateng, Elliot ^{[1
,2
]}

Amponsah, Mary ^{[1
,2
]}

Dzator, Janet ^{[1
,2
,3
]}

机构：

[1] Univ Newcastle, Newcastle Business Sch, 409 Hunter St, Newcastle, NSW 2300, Australia

[2] Univ Newcastle, Ctr African Res Engagement & Partnerships CAREP, Newcastle, NSW, Australia

[3] Australia Africa Univ Network AAUN Partner, Newcastle, NSW, Australia

来源：

ENERGY ECONOMICS | 2021年 / 102卷

关键词：

Globalization; Emerging economies; Energy consumption; Economic growth; FOREIGN DIRECT-INVESTMENT; ELECTRICITY CONSUMPTION; FINANCIAL DEVELOPMENT; CAUSAL RELATIONSHIP; CO2; EMISSIONS; GRANGER CAUSALITY; PANEL-DATA; RENEWABLE ENERGY; FRESH EVIDENCE; TRADE;

D O I：

10.1016/j.eneco.2021.105472

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study revisits the economic growth-energy consumption thesis by investigating the impact of economic, social, and political globalization on the economic growth-energy consumption nexus in a panel of 23 emerging economies for the period 1970-2015. The results that emanate from an instrumental variable generalized method of moment model suggest the following: (i) Energy consumption and economic growth are interdependent. (ii) Economic and political globalization retard economic growth, while social globalization increases economic growth. (iii) Economic, social and political globalization have an inverted U-shaped relationship with economic growth. (iv) Economic, social and political globalization interact with energy consumption to retard economic growth. (v) Economic, social and political globalization do not affect energy consumption. (vi) Economic, social and political globalization have a U-shaped relationship with energy consumption. (vii) Economic and social globalization condition economic growth to increase energy consumption, while political globalization moderates the impact of economic growth to reduce energy consumption. The policy implications of these findings for emerging economies are discussed.

引用

页数：18

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