Economic Growth

Elsevier, World Development, Volume 113, January 2019
SDG 8 calls for promoting 'sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all’. Even as it highlights the importance of labour rights for all, it also makes visible some significant tensions. We note, for example, that despite many critiques of narrow economic measures of growth, the focus here remains on GDP and per capita growth. This is problematic, we argue, because the GDP productive boundary excludes much of social reproductive work.
This paper attempts to investigate the impact of economic growth and CO2 emissions on energy consumption for a global panel of 58 countries using dynamic panel data model estimated by means of the Generalized Method of Moments (GMM) for the period 1990-2012. We also estimate this relationship for three regional panels; namely, from Europe and North Asia, Latin America and Caribbean, and Sub-Saharan, North African and Middle Eastern. The empirical evidence indicates significant positive impact of CO2 emissions on energy consumption for four global panels.