Redefining the energy-growth nexus with an index for sustainable economic welfare in Europe
Autor(a) principal: | |
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Data de Publicação: | 2017 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.6/6754 |
Resumo: | This paper inaugurates the study of the energy-sustainable economic growth for Europe. It is novel both because it calculates an Index for Sustainable EconomicWelfare (ISEW) index for European countries, but foremost because it compares the conventional energy-growth nexus with the newly appeared energysustainable growth nexus. Also, it goes further by suggesting ways to overcome the limitations pointed out to the use of the conventional GDP. The paper uses the road sector energy consumption, which is in accordance with the enormous discussion about the high energy intensity of the road transport sector and about the huge dependence from fossil sources of this sector. The dynamic Driscoll-Kraay estimator is also used, which allows decomposing the effects in the short- and long-run and is also robust in the presence of cross-sectional dependence. Results show that economic growth and sustainable economic welfare are not perfect substitute variables. In the long-run, the feedback hypothesis is verified only for sustainable growth. |
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Redefining the energy-growth nexus with an index for sustainable economic welfare in EuropeDriscoll-Kraay estimatorEuropeGDP growthISEWRoad energy consumptionThis paper inaugurates the study of the energy-sustainable economic growth for Europe. It is novel both because it calculates an Index for Sustainable EconomicWelfare (ISEW) index for European countries, but foremost because it compares the conventional energy-growth nexus with the newly appeared energysustainable growth nexus. Also, it goes further by suggesting ways to overcome the limitations pointed out to the use of the conventional GDP. The paper uses the road sector energy consumption, which is in accordance with the enormous discussion about the high energy intensity of the road transport sector and about the huge dependence from fossil sources of this sector. The dynamic Driscoll-Kraay estimator is also used, which allows decomposing the effects in the short- and long-run and is also robust in the presence of cross-sectional dependence. Results show that economic growth and sustainable economic welfare are not perfect substitute variables. In the long-run, the feedback hypothesis is verified only for sustainable growth.uBibliorumMenegaki, Angeliki N.Marques, António CardosoFuinhas, José Alberto2019-01-10T10:04:47Z20172017-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.6/6754eng10.1016/j.energy.2017.09.056metadata only accessinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-12-15T09:45:31Zoai:ubibliorum.ubi.pt:10400.6/6754Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T00:47:24.146421Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Redefining the energy-growth nexus with an index for sustainable economic welfare in Europe |
title |
Redefining the energy-growth nexus with an index for sustainable economic welfare in Europe |
spellingShingle |
Redefining the energy-growth nexus with an index for sustainable economic welfare in Europe Menegaki, Angeliki N. Driscoll-Kraay estimator Europe GDP growth ISEW Road energy consumption |
title_short |
Redefining the energy-growth nexus with an index for sustainable economic welfare in Europe |
title_full |
Redefining the energy-growth nexus with an index for sustainable economic welfare in Europe |
title_fullStr |
Redefining the energy-growth nexus with an index for sustainable economic welfare in Europe |
title_full_unstemmed |
Redefining the energy-growth nexus with an index for sustainable economic welfare in Europe |
title_sort |
Redefining the energy-growth nexus with an index for sustainable economic welfare in Europe |
author |
Menegaki, Angeliki N. |
author_facet |
Menegaki, Angeliki N. Marques, António Cardoso Fuinhas, José Alberto |
author_role |
author |
author2 |
Marques, António Cardoso Fuinhas, José Alberto |
author2_role |
author author |
dc.contributor.none.fl_str_mv |
uBibliorum |
dc.contributor.author.fl_str_mv |
Menegaki, Angeliki N. Marques, António Cardoso Fuinhas, José Alberto |
dc.subject.por.fl_str_mv |
Driscoll-Kraay estimator Europe GDP growth ISEW Road energy consumption |
topic |
Driscoll-Kraay estimator Europe GDP growth ISEW Road energy consumption |
description |
This paper inaugurates the study of the energy-sustainable economic growth for Europe. It is novel both because it calculates an Index for Sustainable EconomicWelfare (ISEW) index for European countries, but foremost because it compares the conventional energy-growth nexus with the newly appeared energysustainable growth nexus. Also, it goes further by suggesting ways to overcome the limitations pointed out to the use of the conventional GDP. The paper uses the road sector energy consumption, which is in accordance with the enormous discussion about the high energy intensity of the road transport sector and about the huge dependence from fossil sources of this sector. The dynamic Driscoll-Kraay estimator is also used, which allows decomposing the effects in the short- and long-run and is also robust in the presence of cross-sectional dependence. Results show that economic growth and sustainable economic welfare are not perfect substitute variables. In the long-run, the feedback hypothesis is verified only for sustainable growth. |
publishDate |
2017 |
dc.date.none.fl_str_mv |
2017 2017-01-01T00:00:00Z 2019-01-10T10:04:47Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.6/6754 |
url |
http://hdl.handle.net/10400.6/6754 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
10.1016/j.energy.2017.09.056 |
dc.rights.driver.fl_str_mv |
metadata only access info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
metadata only access |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
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1799136369575985152 |