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Economies
Special Issues
Energy Consumption, Financial Development and Economic Growth
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Energy Consumption, Financial Development and Economic Growth

A special issue of Economies (ISSN 2227-7099).

Deadline for manuscript submissions: 31 March 2026 | Viewed by 627

Special Issue Editors

Dr. Bartosz Jóźwik

E-Mail Website
Guest Editor
Institute of Economics and Finance, The John Paul II Catholic University of Lublin, 20-950 Lublin, Poland
Interests: economics of integration and economic growth; energy consumption and environmental sustainability; green finance and sustainable development; Central and Eastern European economies; European economic integration; international policy coordination and economic transition; economic development
Prof. Dr. Mesut Doğan

E-Mail Website
Guest Editor
Vocational School of Bozuyuk, Bilecik Seyh Edebali University, 11300 Bilecik, Turkey
Interests: banking and finance; finance; money, capital and financial institutions; financial markets and investment management; energy; environmental; energy economics

Special Issue Information

Dear Colleagues,

We are delighted to invite you to contribute to this Special Issue on “Energy Consumption, Financial Development and Economic Growth”, a timely and popular theme in current research. Its focus is on how financial development can facilitate renewable energy consumption and clean energy adoption, ultimately fostering sustainable economic growth. The scope encompasses the energy–growth nexus and green transition, with attention to environmental degradation and the environmental Kuznets curve, highlighting how market-based solutions can drive resilient development. The purpose is to offer fresh insights into how financing mechanisms mobilize resources for renewable energy, bridging theoretical perspectives with evidence-based policy implications. By engaging with the existing literature, we aim to deepen our collective knowledge and advance sustainable growth strategies.

We look forward to your contributions.

Dr. Bartosz Jóźwik
Prof. Dr. Mesut Doğan
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Economies is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1800 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • renewable energy consumption
  • energy–growth nexus
  • environmental degradation
  • environmental Kuznets curve
  • financial development
  • clean energy
  • green transition
  • green growth
  • sustainable economic growth
  • green finance

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Published Papers (1 paper)

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Research

21 pages, 2829 KiB  
Article
Energy Efficiency, Consumption, and Economic Growth: A Causal Analysis in the South African Economy
by Enock Gava, Molepa Seabela and Kanayo Ogujiuba
Economies 2025, 13(5), 118; https://doi.org/10.3390/economies13050118 - 23 Apr 2025
Viewed by 387
Abstract
Energy efficiency potentially reduces global carbon emissions, whereas the need of emerging countries to maintain economic growth and development entails a sharp increase in energy consumption. However, to meet this, current energy systems need to be transformed. Several studies find different conclusions on [...] Read more.
Energy efficiency potentially reduces global carbon emissions, whereas the need of emerging countries to maintain economic growth and development entails a sharp increase in energy consumption. However, to meet this, current energy systems need to be transformed. Several studies find different conclusions on the short-run and long-run relationship and the direction of causality, and none of the studies have considered energy efficiency in their model. This study investigates the direction of causality between energy efficiency, energy consumption, and economic growth in South Africa. To determine if a long-run relationship between the variables exists, the Johanson cointegration test is used, and the results indicate that there is a long-run relationship between economic growth, energy depletion, energy efficiency, non-renewable energy consumption, renewable energy consumption, and energy security, with trace statistics suggesting that the null hypothesis of no cointegration should be rejected at a 5% level of significance. The Toda and Yamamoto procedure of the Granger causality approach was then applied. This study finds a unidirectional causality between energy efficiency, non-renewable energy consumption, and economic growth and no causality between renewable energy consumption, energy depletion, energy security, and economic growth. The growth hypothesis is supported, while the neutrality hypothesis is only confirmed regarding renewable energy consumption and economic growth. The results further suggest that a unidirectional Granger causality exists between non-renewable consumption and energy efficiency, and economic growth in South Africa. In South Africa, energy efficiency is a significant tool to enhance sustainable growth and attain climate objectives. Also, energy efficiency helps to lower the costs of mitigating carbon emissions and further advance both social and economic development. Full article
(This article belongs to the Special Issue Energy Consumption, Financial Development and Economic Growth)
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