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Title: | Replication and robustness analysis of 'energy and economic growth in the USA: A multivariate approach' | Authors: | BRUNS, Stephan Konig, J Stern, DI |
Issue Date: | 2019 | Publisher: | ELSEVIER | Source: | ENERGY ECONOMICS, 82 (SI) , p. 100 -113 | Abstract: | We replicate Stern (1993), who argues and empirically demonstrates that it is necessary (i) to use qualityadjusted energy use and (ii) to include capital and labor as control variables in order to find Granger causality from energy use to GDP. Though we could not access the original dataset, we can verify the main original inferences using data that are as close as possible to the original. We analyze the robustness of the original findings to an alternative estimation approach, alternative definitions of variables, and alternative model specifications for both the (almost) original time span (1949-1990) and an extended time span (1949-2015). p-values tend to be substantially smaller if energy use is quality adjusted rather than measured by total joules and if capital is included. Including labor has mixed results. These findings tend to largely support Stern's (1993) two main conclusions and emphasize the importance of accounting for changes in the energy mix in time series modeling of the energy-GDP relationship and controlling for other factors of production. We also discuss how the inclusion of the original author in designing the replication study using a pre-analysis plan can help to counterbalance the incentive of replicating authors to disconfirm major findings of the original article to increase the probability of getting published. (C) 2018 Elsevier B.V. All rights reserved. | Notes: | Bruns, SB (reprint author), Hasselt Univ, Ctr Environm Sci, Martelarenlaan 42, B-3500 Hasselt, Belgium.; Bruns, SB (reprint author), Univ Gottingen, Dept Econ, Humboldtallee 3, D-37073 Gottingen, Germany. | Other: | Bruns, SB (reprint author), Hasselt Univ, Ctr Environm Sci, Martelarenlaan 42, B-3500 Hasselt, Belgium, Hasselt Univ, Ctr Environm Sci, Martelarenlaan 42, B-3500 Hasselt, Belgium. stephan.bruns@uhasselt.be; koenig@uni-kassel.de; david.stern@anu.edu.au | Keywords: | Replication;Robustness analysis;Sensitivity analysis;Energy;GDP;Divisia index;Granger causality | Document URI: | http://hdl.handle.net/1942/30419 | ISSN: | 0140-9883 | e-ISSN: | 1873-6181 | DOI: | 10.1016/j.eneco.2018.10.007 | ISI #: | WOS:000506713800012 | Rights: | 2018 Elsevier B.V. All rights reserved. | Category: | A1 | Type: | Journal Contribution |
Appears in Collections: | Research publications |
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