The index of sustainable economic welfare in the energy-growth nexus for American countries

摘要

Our paper is an empirical study on the comparison between the conventional energy-growth nexus and the energy-ISEW (Index for Sustainable Economic Welfare) growth nexus. We use a sample of American countries in a multivariate panel framework for a data span from 1990 to 2013, with variables such as labor, capital, carbon emissions, energy use, renewable energy, rents and trade. Results from this paper are critical for governments and institutional investors who are nowadays concerned with sustainable economic growth and welfare and not only the short-sighted GDP growth. An additional contribution of this paper is the calculation of the ISEW index for American countries, based on data availability. (C) 2016 Elsevier Ltd. All rights reserved.