A Guide to Econometric Methods for the Energy-Growth Nexus

1st Edition - November 10, 2020
Imprint: Academic Press
Author: Angeliki Menegaki
Language: English
Paperback ISBN:
9 7 8 - 0 - 1 2 - 8 1 9 0 3 9 - 5
eBook ISBN:
9 7 8 - 0 - 1 2 - 8 1 9 0 4 0 - 1

A Guide to Econometric Methods for the Energy-Growth Nexus presents, explains and compares all the available econometrics methods pertinent to the energy-growth nexus. Chapte… Read more

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A Guide to Econometric Methods for the Energy-Growth Nexus presents, explains and compares all the available econometrics methods pertinent to the energy-growth nexus. Chapters cover methods and applications, starting with older econometric methods and moving toward new ones. Each chapter presents the method and facts about its applications, providing step-by-step explanations about the ways the method meets the demands of the field. In addition, applied case studies and practical research steps are included to enhance the learning process. By touching on all relevant econometric methods for the energy-growth nexus, this book gives energy-growth researchers and students all they need to tackle the subject matter.

Cover image
Title page
Table of Contents
Copyright
Dedication
Preface
Chapter 1: An editorial and an introduction to the economics of the energy-growth nexus: Current challenges for applied and theoretical research
Abstract
1: Introduction
2: Trends and scenarios in global energy
3: Policies for decarbonization
4: Renewable energies and energy efficiency opportunities
5: Oil production and reserves: Emerging solutions from natural gas production
6: Nuclear energy challenges
7: Energy security
8: Energy, social justice and development
9: Instead of a conclusion
Chapter 2: Stationarity and an alphabetical directory of unit roots often used in the energy-growth nexus
Abstract
1: Introduction
2: The concepts of unit root and stationarity: Broadly two generations of unit root tests
3: The alphabetical directory of unit roots in the energy-growth nexus
4: Concluding remarks
Chapter 3: An A–Z guide for complete research when using the autoregressive distributed lag (ARDL) bounds test approach in the broader energy-growth nexus
Abstract
1: Introduction
2: The methodology with best practice examples from published papers
3: Indicative literature review of the last decade ARDL studies in the broad energy-growth nexus: A snapshot
4: What are the ARDL implementation strategies to follow in my energy-growth nexus paper?
5: Conclusion
Chapter 4: A note on the VECM approach in applications of the energy-growth nexus
Abstract
1: Introduction
2: The basics of the VECM approach in the energy-growth nexus
3: An indicative selection of case studies bearing the title of “A VECM approach” in the energy-growth nexus
4: Concluding remarks
Chapter 5: Adjustment speeds, elasticities, and semielasticities: Their importance in the energy-growth nexus
Abstract
1: Introduction
2: Background material
3: An indicative selection of energy-growth nexus case studies
4: Concluding remarks
Chapter 6: Quantile regression approach: A new approach in the energy-growth Nexus with substantial benefits in asymmetry accounting
Abstract
1: Introduction
2: Reasons and forms for asymmetries in the energy-growth nexus
3: Presentation of the quantile regression
4: The employment of the quantile approach in indicative energy-growth nexus case studies
5: Conclusion and new challenges
Chapter 7: Time-varying Fourier analysis in the energy-growth nexus or the X-variable-growth nexus
Abstract
1: Introduction
2: A simple definition of Fourier analysis
3: Examples with case studies from the energy-growth nexus
4: Conclusion
Chapter 8: Ways of treatment of cross-sectional dependence in the energy-growth nexus and the X-variable growth nexus
Abstract
1: Introduction
2: The cross sectional dependence: Definition, occurrence, and reason
3: The cross-sectional dependence: The diagnosis
4: Energy-growth and X-variable-growth nexus case studies facing cross-sectional dependence
5: Conclusion
Chapter 9: The low profile of simultaneous equation modeling in the energy-growth nexus
Abstract
1: Introduction
2: The brief econometrics of the simultaneous equations method
3: Case studies of energy-growth nexus studies that use the SEM framework
4: Conclusion
Chapter 10: The Johansen cointegration method and several others during the evolution of the energy-growth nexus and the broader “X-variable”-growth nexus
Abstract
1: Introduction
2: The Johansen cointegration approach
3: Other cointegration methods in the broader “X-variable”-growth nexus
4: Conclusion
Chapter 11: How does the wavelet approach satisfy the required deliverables in the energy-growth nexus studies?
Abstract
1: Introduction
2: Basic methodology and nomenclature in the standard wavelet procedure: A survival map
3: The employment of the wavelet approach in indicative energy-growth nexus case studies
4: Discussion
5: Conclusion
Chapter 12: Variance decomposition approaches and impulse response functions in the energy-growth nexus
Abstract
1: Introduction
2: Background and “first-aid” stylized material
3: An indicative selection of case studies in the energy-growth nexus that use the variance decomposition approach
4: Conclusion
Chapter 13: A note on nonparametric and semiparametric strategies in the energy-growth nexus
Abstract
1: Introduction
2: Background information for a reminder
3: An indicative selection of case studies that juxtapose parametric with nonparametric results in the energy-growth nexus
4: Conclusion
Chapter 14: Making the energy-growth nexus useful through a metaanalysis
Abstract
1: Introduction
2: The essential advantages of metaanalysis
3: Guidelines and steps for a metaanalysis in the energy-growth nexus
4: Case studies of metaanalysis in the energy-growth nexus
5: A new trend; metaanalytic literature reviews instead of ordinary literature reviews
6: Conclusion
Chapter 15: An A-Z guide for the energy-growth nexus studies
Abstract
1: Introduction
2: The A-Z catalogue of advice for energy-growth nexus researchers
3: Closing remarks
Chapter 16: A conclusion to the guide in energy-growth nexus
Abstract
Index

Angeliki Menegaki

Dr Angeliki N. Menegaki is a Full Professor of Applied Economics in Environment, Energy and Tourism in the Department of Regional and Economic Development in the Agricultural University of Athens-EU CONEXUS. She received her PhD from the University of Stirling UK and her Masters’ Degree from the University of Leeds UK. She holds two Degrees, one in Economics from the University of Crete, and one in Languages, Literature and Culture of Black Sea Countries with the Specialization in Turkish Language. She has taught in various universities and has also worked both in the public and private sector. She has published more than 70 research papers in international journals with an impact factor and has also written or supervised the translation of ten books in Greek or English. She has received more than 2000 citations in Scopus with an H-index=23. Her research interests are on environment, energy and tourism. Currently she is Deputy Head in the Department of Regional and Economic Development and Director of Doctoral Studies. She is also the founder and editor in Chief of the International Journal of the Energy-Growth Nexus (Inderscience Publications) and editor of the Encyclopedia of Energy Economics (Edward Elgar). Moreover, she is Associate Editor in two journals in Elsevier, Gondwana Research and Heliyon. In 2020, 2021 and 2022 she has also received a distinctive ranking in the list of Prof Ioannides (University of Standford) belonging to the top 2% of the most influential scientists worldwide in the topic of Energy (See: https://elsevier.digitalcommonsdata.com/data.../btchxktzyw/3, Baas, Jeroen; Boyack, Kevin; Ioannidis, John P.A. (2021), “August 2021 data-update for "Updated science-wide author databases of standardized citation indicators"”, Mendeley Data, V3, doi: 10.17632/btchxktzyw.3). Some of the international journals that have published her research are Energy Economics, Ecological Economics, Journal of Economic Surveys, Empirical Economics, Journal of Choice Modeling, Applied Energy, Energy, Sustainable Production and Consumption, Environment, Development and Sustainability, Tourism Economics, Environmental Science and Pollution Research, Energy for Sustainable Development, Ecological Indicators, Energy Policy, Water Resources Research, Energy, Journal of Economic Psychology. She has served as a Guest Editor (with Prof Aviral, K.Tiwari) in Renewable Energy Journal in the SI: [https://www.journals.elsevier.com/renewable-energy/call-for-papers/novel-longitudinal-data-research-methods-renewable-energy]. She is also the editor of the edited volume: “The economics and econometrics of the energy-growth nexus” in 2018 by Elsevier [https://www.sciencedirect.com/book/9780128127469/the-economics-and-econometrics-of-the-energy-growth-nexus] and the sole author in the book entitles “A guide to econometric methods of the energy-growth nexus” in 2020 in Elsevier [https://www.sciencedirect.com/book/9780128190395/a-guide-to-econometrics-methods-for-the-energy-growth-nexus], Her ORCID is 0000-0003-0506-1243 and her Scopus ID is 16053108400.

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Professor at Agricultural University of Athens, Department of Regional and Economic Development

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A Guide to Econometric Methods for the Energy-Growth Nexus

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