Economic growth and biomass energy

Bildirici, Melike

doi:10.1016/j.biombioe.2012.09.055

Cited by 129 publications

(71 citation statements)

References 29 publications

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“…Therefore, biomass energy consumption is significantly contributing to economic growth. This result is similar to Bildirici (2013). However, a lack of energy efficiency harms economic growth; this is demonstrated by the negative coefficient of renewable energy waste.…”

Section: Empirical Results and Discussionsupporting

confidence: 66%

Exploring the relationship between energy usage segregation and environmental degradation in N-11 countries

Sinha

Shahbaz

Balsalobre

2017

Journal of Cleaner Production

259

104

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Numerous studies regarding the economic growth-environmental pollution link have struggled to determine the effects of various forms of energy consumption on environmental degradation, particularly in the context of emerging economies. This study examines the environmental Kuznets curve (EKC) for CO 2 emissions in N-11 countries during 1990-2014 by segregating three forms of energy consumption (renewable, biomass and non-renewable). Urbanization and trade openness are additional explanatory variables that are used in the empirical framework. Using the Generalized Moments Method (GMM), the empirical evidence confirms the presence of an N-shaped relationship between economic growth and environmental degradation for N-11 countries. This study analyzed the interaction effects among trade openness, biomass consumption and economic growth; these interactions had a negative impact on CO 2 emissions levels of N-11 countries. Suitable policy recommendations have been provided based on the detailed results.

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Section: Empirical Results and Discussionsupporting

confidence: 66%

Exploring the relationship between energy usage segregation and environmental degradation in N-11 countries

Sinha

Shahbaz

Balsalobre

2017

Journal of Cleaner Production

259

104

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“…Yildirim et al [58] employed the Toda-Yamamoto procedure and bootstrap-corrected causality test for U.S. over 1949-2010 and provided evidence for a causal link between biomass-waste-derived energy consumption and economic growth (growth hypothesis) and no causal association between growth and all of the other renewable energy types. Bildirici [61] explored the link between biomass energy consumption and economic growth within ten developing and emerging states and provided evidence over 1980-2009 towards long-run bidirectional causality for Argentina, Bolivia, Nicaragua, whilst long-run unidirectional causality from biomass energy consumption to GDP for Cuba, Costa Rica, El Salvador, Jamaica, Panama. Solarin and Ozturk [63] explored seven Latin America countries over 1970-2012 and supported the long-run bidirectional causality between hydroelectricity consumption and economic growth in Argentina and Venezuela, withal long-run unidirectional causality from hydroelectricity consumption to economic growth in Brazil, Chile, Colombia, Ecuador, and Peru.…”

Section: An Overview Of Literature On Renewable Energy Consumption-ecmentioning

confidence: 99%

“…Subsequently, an empirical approach will address the causal relationship between primary production of renewable energies, energy dependence, and gross domestic product per capita. The literature on the relationship between renewable energy consumption and economic growth is quite extensive [7,8,18,19,[39][40][41][42][43][44][45][46][47][48][49][50][51][52][53][54][55][56][57][58], studies on the link between biomass energy and economic growth also exist [59][60][61][62], as well as hydroelectricity consumption and economic growth [63,64]. Yildirim et al [58] considered several renewable energy types, but for the case of U.S.…”

Section: Introductionmentioning

confidence: 99%

Does Renewable Energy Drive Sustainable Economic Growth? Multivariate Panel Data Evidence for EU-28 Countries

2017

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Abstract:Energy is crucial to economic progress, but the contemporary worldwide population increase that demands greater energy generated from conventional exhaustible resources, an energy price upsurge, and environmental concerns, imperils sustainable economic growth. Nevertheless, switching to renewable energy produced from naturally replenished resources promotes energy security, likewise addressing issues such as global warming and climate change. This paper aims at exploring the influence and causal relation between renewable energy, both overall and by type, and sustainable economic growth of European Union (EU)-28 countries for the period of 2003-2014. We notice that the mean share of renewable energy in the gross final energy consumption is 15%, while the mean share of renewable energy in transport fuel consumption is 3%, which are below the thresholds of 20% and 10%, respectively, as set by the EU Directive 2009/28/EC. By estimating panel data fixed-effects regression models, the results provide support for a positive influence of renewable energy overall, as well as by type, namely biomass, hydropower, geothermal energy, wind power, and solar energy on gross domestic product per capita. However, biomass energy shows the highest influence on economic growth among the rest of renewable energy types. In fact, a 1% increase of the primary production of solid biofuels increases GDP per capita by 0.16%. Besides, cointegrating regressions set on panel fully modified and dynamic ordinary least squares regressions confirm the positive influence related to the primary production of renewable energies on economic growth. A 1% increase in primary production of renewable energies increases GDP per capita by 0.05%-0.06%. However, the results of Granger causality based on panel vector error correction model indicate both in short-run and long-run a unidirectional causal relationship running from sustainable economic growth to the primary production of renewable energies, being supported the conservation hypothesis.

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“…Others authors have approached this relationship (eg. Yildirim et al ,2012;Tugcu et al ,2012;Salim and Rafiq ,2012;Menegaki ,2011;Bildirici ,2013;Pao and Fu ,2013;Apergis and Payne ,2012;Apergis and Payne,2011;Bowden and Payne ,2010;Menyah and Wolde-Rufael ,2010).…”

Section: Introductionmentioning

confidence: 99%

The Hydroelectricity Consumption and Economic Growth Nexus: A Long Time Span Analysis

Koengkan

2017

R. bras. Ener. Renov.

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The objective of this article analyzes the nexus between hydroelectricity consumption and economic growth in seven Latin American countries in the period from 1966 to 2015, using an auto-regressive distributive lag (ARDL) methodology. The results suggest the existence of feedback hypothesis in short-run, where the hydroelectricity consumption and economic growth are interrelated.Keywords: Nexus, Hydroelectricity consumption, Economic growth, Latin America, ARDL, Feedback hypothesis.

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Economic growth and biomass energy

Cited by 129 publications

References 29 publications

Exploring the relationship between energy usage segregation and environmental degradation in N-11 countries

Exploring the relationship between energy usage segregation and environmental degradation in N-11 countries

Does Renewable Energy Drive Sustainable Economic Growth? Multivariate Panel Data Evidence for EU-28 Countries

The Hydroelectricity Consumption and Economic Growth Nexus: A Long Time Span Analysis

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