Angeliki Menegaki - The Economics and Econometrics of the Energy-Growth Nexus

1. Tables in Chapter 1
2. Tables in Chapter 2
3. Tables in Chapter 3
4. Tables in Chapter 5
5. Tables in Chapter 6
6. Tables in Chapter 7
7. Tables in Chapter 8
8. Tables in Chapter 9
9. Tables in Chapter 10
10. Tables in Chapter 11

1. Figures in Introduction
2. Figures in Chapter 1
3. Figures in Chapter 2
4. Figures in Chapter 3
5. Figures in Chapter 5
6. Figures in Chapter 6
7. Figures in Chapter 7
8. Figures in Chapter 8
9. Figures in Chapter 11

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Mohammad Al-Saidi , Institute for Technology and Resource Management in the Tropics and Sub-tropics (ITT), University of Applied Sciences, Cologne, Germany

Nicholas Apergis , University of Piraeus, Piraeus, Greece

Heli Arminen , Lappeenranta University of Technology, Lappeenranta, Finland

Alper Aslan , Nevehir Hac Bekta Veli University, Nevehir, Turkey

Daniel Balsalobre-Lorente , University of Castilla-La Mancha, Ciudad Real, Spain

Anabel Forte , University of Valencia, Valencia, Spain

Jos A. Fuinhas , University of Beira Interior and NECE-UBI, Covilh, Portugal

Gonzalo Garcia-Donato , University of Castilla-La Mancha, Albacete, Spain

Vladimr Hajko , Mendel University in Brno, Brno, Czech Republic

Roula Inglesi-Lotz , University of Pretoria, Pretoria, South Africa

Arthur Kraft , Chapman University, Orange, CA, United States

John Kraft , University of Florida, Gainesville, FL, United States

Antonio C. Marques , University of Beira Interior and NECE-UBI, Covilh, Portugal

Angeliki N. Menegaki

TEI STEREAS ELLADAS, University of Applied Sciences, Greece

Hellenic Open University, Greece

Maamar Sebri , University of Sousse, Sousse, Tunisia

Muhammad Shahbaz , Montpellier Business School, Montpellier, France

Aviral K. Tiwari , Montpellier Business School, Montpellier Cedex 4, France

Ebru Topcu , Nevehir Hac Bekta Veli University, Nevehir, Turkey

Stella Tsani

Athens University of Economics and Business

International Centre for Research on the Environment and the Economy, Athens, Greece

Can T. Tugcu , Akdeniz University, Antalya, Turkey

It has been over 5 decades since the founding of the Organization of the Petroleum Exporting Countries (OPEC) in 1960, over 4 decades since the oil embargo of 1973, and almost 4 decades since we published our paper on the link between energy and gross national product (GNP) (). Never did we believe this simple bivariate analysis of causation would be the spark igniting a stream of research on the energy-growth nexus (EGN). We are pleased to be part of something that has lasted so long and has had such an impact.

The chapters in this book represent a significant contribution to this body of work. The Economics and Econometrics of the Energy-Growth Nexus is an excellent summary of the efforts by a significant number of leading global scholars on this important topic. We applaud the authors for presenting a broad array of topics surrounding the EGN.

Since the exogenous shock of 1973 some interesting dynamics have emerged. Many oil-producing countries have themselves become significant energy consumers and have implemented aggressive infrastructure spending. A recent Wall Street Journal article shows that the current price of $52.52 per barrel is less than the price per barrel needed by 11 OPEC members to balance their national budgets (). In addition to this, the stated objective by several countries to achieve 100% electric vehicle production in 2 decades will have an impact on the demand for fossil fuels and the global automobile industry. On the supply side, new technology has had an impact on shale oil and shale gas production. These events, as well as climate issues, will impact future research on the EGN.

In the unfolding of quality and sophisticated future research exploring the link between energy and growth, this book represents a significant first step.