Biomass energy consumption and economic growth nexus in OECD countries : a panel analysis
Loading...
Date
Authors
Ajmi, Ahdi Noomen
Inglesi-Lotz, Roula
Journal Title
Journal ISSN
Volume Title
Publisher
Elsevier
Abstract
This paper investigates the relationship between biomass energy consumption and economic growth for 26 OECD countries for 1980 to 2013 period. This study used panel unit root analyses, panel cointegration analyses, dynamic OLS analyses, fully modified OLS analyses and panel VECM Granger causality to examine the relationship. The results reveal the presence of long-run equilibrium relationship between the variables supporting the feedback hypothesis. As policy implication, OECD countries have to improve the biomass energy infrastructure as an important source of renewable energy to promote economic growth.
Description
Keywords
Organisation for Economic Co-operation and Development (OECD), Biomass energy, Economic growth, Dynamic OLS, Fully modified OLS, Ordinary least squares (OLS)
Sustainable Development Goals
Citation
Ajmi, A.N. & Inglesi-Lotz, R. 2020, 'Biomass energy consumption and economic growth nexus in OECD countries : a panel analysis', Renewable Energy, vol. 162, pp. 1649-1654.