Energy–growth nexus

Chor Foon Tang

Chapter 42 in Elgar Encyclopedia of Energy Economics, 2025, pp 163-165 from Edward Elgar Publishing

Abstract: This entry explores the energy–growth nexus, analysing the causal relationships between the energy consumption of both renewable and non-renewable energies and economic growth. This entry also highlights the complexity and the interdependence of these economic factors. Historically, surges in energy consumption, particularly during industrial revolutions, have coincided with increases in global GDP. Despite extensive empirical research, the direction of causality between energy use and economic growth remains a subject of debate. Four hypotheses shape this discussion: conservation, growth, feedback, and neutrality. Methodological inconsistencies and limitations in models have clouded empirical results. To transcend this deadlock and enhance research robustness, studies on the energy-growth nexus need to look closely into the stability of these causal relationships together with more comprehensive theoretical frameworks. This initiative provides more accurate insights and supports effective policymaking amidst the transition to green and sustainable growth.

Keywords: Energy–Growth Nexus; Conservation Hypothesis; Growth Hypothesis; Feedback Hypothesis; Neutrality Hypothesis (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035310364
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