Energy-Growth Nexus: A Systematic Review of Empirical Evidence and Policy Implications

Simple item page
dc.contributor.authorMusa Ilias Biala
dc.contributor.authorOlolade Mistura Aromasodun
dc.contributor.authorAbdul Muftah Shitu
dc.date.accessioned2025-05-27T14:47:21Z
dc.date.available2025-05-27T14:47:21Z
dc.date.issued2025
dc.description.abstract<jats:p>The relationships between energy consumption and economic growth have been extensively studied in the economic and energy literature, yet empirical findings remain inconclusive. This systematic review examines the existing theoretical and empirical research on the energy-growth nexus, analyzing studies from developed and developing economies. The review explores four primary hypotheses: the growth hypothesis (energy consumption drives economic expansion), the conservation hypothesis (economic growth influences energy demand), the feedback hypothesis (a bidirectional relationship), and the neutrality hypothesis (no causal relationship). Findings indicate that the energy-growth relationship varies across countries depending on factors such as income levels, energy mix, and methodological approaches. Developed economies tend to exhibit a shift toward energy efficiency and the conservation hypothesis, while developing economies largely support the growth hypothesis, highlighting their dependency on energy for industrialization. The increasing role of renewable energy in sustaining economic growth is also examined, with evidence suggesting that while renewable investments support long-term economic sustainability, short-term transition challenges exist. The review underscores the need for balanced energy policies, renewable energy investment, and technological innovations to ensure sustainable economic growth while minimizing environmental impact. Future research should focus on regional-specific dynamics, the role of institutional factors, and the implications of climate policies on the energy-growth relationship.</jats:p>
dc.identifier.doi10.62154/ajesre.2025.018.010656
dc.identifier.issn3027-2114
dc.identifier.urihttps://kwasuspace.kwasu.edu.ng/handle/123456789/5350
dc.publisherPublished by the University of Ibadan (Afropolitan Journals, Institute of African Studies), Ibadan
dc.relation.ispartofAfrican Journal of Environmental Sciences and Renewable Energy
dc.titleEnergy-Growth Nexus: A Systematic Review of Empirical Evidence and Policy Implications
dc.typejournal-article
oaire.citation.issue1
oaire.citation.volume18
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
BIALA, AROMASODUN AND SHITU Energy-Growth+Nexus+-+AJESRE.Vol18.No1.pdf
Size:
516.04 KB
Format:
Adobe Portable Document Format
Description:
Download
License bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed to upon submission
Description:
Download
Collections
Scholarly Publication