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Redefining the energy-growth nexus with an index for sustainable economic welfare in Europe

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dc.contributor.authorMenegaki, Angeliki N.
dc.contributor.authorMarques, António Cardoso
dc.contributor.authorFuinhas, José Alberto
dc.date.accessioned2019-01-10T10:04:47Z
dc.date.available2019-01-10T10:04:47Z
dc.date.issued2017
dc.description.abstractThis 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.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.doi10.1016/j.energy.2017.09.056pt_PT
dc.identifier.urihttp://hdl.handle.net/10400.6/6754
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.subjectDriscoll-Kraay estimatorpt_PT
dc.subjectEuropept_PT
dc.subjectGDP growthpt_PT
dc.subjectISEWpt_PT
dc.subjectRoad energy consumptionpt_PT
dc.titleRedefining the energy-growth nexus with an index for sustainable economic welfare in Europept_PT
dc.typejournal article
dspace.entity.typePublication
oaire.citation.endPage1268pt_PT
oaire.citation.startPage1254pt_PT
oaire.citation.volume141pt_PT
person.familyNameMarques
person.familyNameFuinhas
person.givenNameAntónio Cardoso
person.givenNameJosé Alberto
person.identifier1880954
person.identifierR-000-7ZC
person.identifier.ciencia-idBE19-EAEF-30CF
person.identifier.ciencia-id7817-FFB9-9DC0
person.identifier.orcid0000-0002-9906-3874
person.identifier.orcid0000-0002-6937-5420
person.identifier.ridD-2235-2011
person.identifier.ridP-1603-2017
person.identifier.scopus-author-id36169680100
person.identifier.scopus-author-id36168979700
rcaap.embargofctCopyright cedido à editora no momento da publicaçãopt_PT
rcaap.rightsclosedAccesspt_PT
rcaap.typearticlept_PT
relation.isAuthorOfPublication0dfb8b49-b2ad-4a47-8478-a3ac0a8c639f
relation.isAuthorOfPublication3261ccf1-fcd4-48ad-bf1d-a8834c5f17ad
relation.isAuthorOfPublication.latestForDiscovery0dfb8b49-b2ad-4a47-8478-a3ac0a8c639f

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