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The traditional energy-growth nexus: A comparison between sustainable development and economic growth approaches

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dc.contributor.authorGaspar, Jorge dos Santos
dc.contributor.authorMarques, António Cardoso
dc.contributor.authorFuinhas, José Alberto
dc.date.accessioned2019-01-10T09:50:30Z
dc.date.available2019-01-10T09:50:30Z
dc.date.issued2017
dc.description.abstracttGross Domestic Product (GDP) is the indicator commonly used to measure economic growth and sus-tainable development. However, this indicator can be very inefficient for evaluating development. Themost prominent alternative indicator is the Index of Sustainable Economic Welfare (ISEW). Indeed, thisindex can be used to control for the way that countries use available resources, balancing ecologicaldevelopment, damages caused to the environment and income distribution between citizens. This papercompares a sustainable development approach, using the ISEW, with the traditional economic growthapproach using GDP, and its relationship with energy consumption. The traditional hypotheses of theenergy-growth nexus are tested through Panel-Corrected Standard Errors estimators, for a panel consti-tuted by twenty European countries, with an annual data frequency for the time span 1995–2014. Theresults indicate a new negative feedback hypothesis for the alternative measure of development anda conservative hypothesis for economic growth with energy consumption. This study also finds vari-ous other effects on sustainable development by economic growth factors, such as Terms-of-trade andRents from natural resources. These findings indicate that the economic growth approach, widely stud-ied using GDP, has been wrongly interpreted by policy makers trying to achieve increased sustainabledevelopment.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.doi10.1016/j.ecolind.2016.12.048pt_PT
dc.identifier.urihttp://hdl.handle.net/10400.6/6752
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.subjectSustainable Developmentpt_PT
dc.subjectEconomic growthpt_PT
dc.subjectPCSEpt_PT
dc.subjectISEWpt_PT
dc.subjectEuropept_PT
dc.titleThe traditional energy-growth nexus: A comparison between sustainable development and economic growth approachespt_PT
dc.typejournal article
dspace.entity.typePublication
oaire.citation.endPage296pt_PT
oaire.citation.startPage286pt_PT
oaire.citation.volume75pt_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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