{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2025,8,2]],"date-time":"2025-08-02T18:14:37Z","timestamp":1754158477342,"version":"3.41.2"},"reference-count":44,"publisher":"Emerald","issue":"6","license":[{"start":{"date-parts":[[2020,5,1]],"date-time":"2020-05-01T00:00:00Z","timestamp":1588291200000},"content-version":"tdm","delay-in-days":0,"URL":"https:\/\/www.emerald.com\/insight\/site-policies"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["IJESM"],"published-print":{"date-parts":[[2020,5,1]]},"abstract":"<jats:sec>\n<jats:title content-type=\"abstract-subheading\">Purpose<\/jats:title>\n<jats:p>The purpose of this paper is to focus on global energy consumption using the economic growth nexus, the prevalent energy hypothesis at a global level and the impact of the main historical events assessed for the period from 1965 to 2015.<\/jats:p>\n<\/jats:sec>\n<jats:sec>\n<jats:title content-type=\"abstract-subheading\">Design\/methodology\/approach<\/jats:title>\n<jats:p>Given the confirmed presence of endogeneity and cointegration between energy consumption and economic growth, a vector error correction with structural dummies model was used. Furthermore, the impulse-response functions and variance decomposition were computed to evaluate the variables\u2019 dynamics.<\/jats:p>\n<\/jats:sec>\n<jats:sec>\n<jats:title content-type=\"abstract-subheading\">Findings<\/jats:title>\n<jats:p>Bi-directional causality running from energy consumption to economic growth was found, both in the short and long-run, supporting the feedback hypothesis. It is proved that the 2008 crisis impacted on the global energy\u2013growth nexus. Furthermore, there is evidence of the impact of the 1990s oil price shock on the nexus. Innovations in energy consumption have a positive impact on economic growth; however, this impact tends to be null in the long run.<\/jats:p>\n<\/jats:sec>\n<jats:sec>\n<jats:title content-type=\"abstract-subheading\">Practical implications<\/jats:title>\n<jats:p>The results suggest that at a global level, any energy policy should be carefully designed in order not to hamper economic growth. Countries should not remain indifferent to the policies that other countries might follow. Very few historical crises impacted on the global energy\u2013growth nexus.<\/jats:p>\n<\/jats:sec>\n<jats:sec>\n<jats:title content-type=\"abstract-subheading\">Originality\/value<\/jats:title>\n<jats:p>This paper offers a different approach to the study of the energy\u2013growth nexus. The energy\u2013growth nexus is analysed in the major macroeconomic aggregate. Global variables reveal their relevance as a benchmark in the energy\u2013growth nexus. Furthermore, this paper arrives at some conclusions about how historical crises impact on global relationships.<\/jats:p>\n<\/jats:sec>","DOI":"10.1108\/ijesm-09-2019-0009","type":"journal-article","created":{"date-parts":[[2020,5,6]],"date-time":"2020-05-06T05:24:05Z","timestamp":1588742645000},"page":"1205-1220","source":"Crossref","is-referenced-by-count":4,"title":["On the restricted form of energy-growth nexus: a global level VECM approach and the historical structural breaks"],"prefix":"10.1108","volume":"14","author":[{"given":"Lu\u00eds Miguel","family":"Marques","sequence":"first","affiliation":[]},{"given":"Jos\u00e9 Alberto","family":"Fuinhas","sequence":"additional","affiliation":[]},{"given":"Ant\u00f3nio Cardoso","family":"Marques","sequence":"additional","affiliation":[]}],"member":"140","reference":[{"key":"key2020100509080752900_ref001","doi-asserted-by":"crossref","first-page":"36","DOI":"10.1016\/j.enpol.2016.05.029","article-title":"Energy consumption, political regime and economic growth in Sub-Saharan Africa","volume":"96","year":"2016","journal-title":"Energy Policy"},{"key":"key2020100509080752900_ref002","doi-asserted-by":"crossref","first-page":"487","DOI":"10.1016\/j.energy.2017.04.055","article-title":"Revisiting the role of financial development for energy-growth-trade nexus in BRICS economies","volume":"128","year":"2017","journal-title":"Energy"},{"key":"key2020100509080752900_ref003","doi-asserted-by":"crossref","first-page":"653","DOI":"10.1016\/j.rser.2015.12.174","article-title":"Causal nexus between energy consumption and economic growth for high, middle and low income countries using frequency domain analysis","volume":"60","year":"2016","journal-title":"Renewable and Sustainable Energy Reviews"},{"issue":"Supplement C","key":"key2020100509080752900_ref004","first-page":"890","article-title":"Energy consumption\u2013economic growth nexus for Pakistan: taming the untamed","volume":"52","year":"2015","journal-title":"Renewable and Sustainable Energy Reviews"},{"year":"1980","key":"key2020100509080752900_ref005"},{"issue":"3","key":"key2020100509080752900_ref006","doi-asserted-by":"crossref","first-page":"387","DOI":"10.1108\/IJESM-07-2016-0002","article-title":"Re-visiting the renewable energy\u2013economic growth nexus","volume":"11","year":"2017","journal-title":"International Journal of Energy Sector Management"},{"issue":"6","key":"key2020100509080752900_ref007","doi-asserted-by":"crossref","first-page":"3243","DOI":"10.1016\/j.rser.2011.04.029","article-title":"Dynamic modeling of causal relationship between energy consumption, CO2 emissions and economic growth in India","volume":"15","year":"2011","journal-title":"Renewable and Sustainable Energy Reviews"},{"key":"key2020100509080752900_ref008","doi-asserted-by":"crossref","first-page":"953","DOI":"10.1016\/j.rser.2016.01.123","article-title":"The role of renewable energy consumption in economic growth: evidence from asymmetric causality","volume":"60","year":"2016","journal-title":"Renewable and Sustainable Energy Reviews"},{"key":"key2020100509080752900_ref009","doi-asserted-by":"crossref","first-page":"62","DOI":"10.1016\/j.rser.2017.03.029","article-title":"The relationship amongst energy consumption (renewable and non-renewable), and GDP in Algeria","volume":"76","year":"2017","journal-title":"Renewable and Sustainable Energy Reviews"},{"issue":"Part 1","key":"key2020100509080752900_ref010","first-page":"808","article-title":"Energy consumption, CO2 emissions, and economic growth: an ethical dilemma","volume":"68","year":"2017","journal-title":"Renewable and Sustainable Energy Reviews"},{"issue":"3","key":"key2020100509080752900_ref011","article-title":"Does renewable energy drive sustainable economic growth? 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