Relationship between biomass energy and economic growth in transition countries: panel ARDL approach

Bildirici M. E.

GLOBAL CHANGE BIOLOGY BIOENERGY, cilt.6, sa.6, ss.717-726, 2014 (SCI-Expanded) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 6 Sayı: 6
  • Basım Tarihi: 2014
  • Doi Numarası: 10.1111/gcbb.12092
  • Dergi Adı: GLOBAL CHANGE BIOLOGY BIOENERGY
  • Derginin Tarandığı İndeksler: Science Citation Index Expanded (SCI-EXPANDED), Scopus
  • Sayfa Sayıları: ss.717-726
  • Anahtar Kelimeler: biomass energy, economic growth, granger causality, panel ARDL, pedroni co-integration, RENEWABLE ENERGY, ELECTRICITY CONSUMPTION, COINTEGRATION, TESTS, NEXUS, GNP
  • Yıldız Teknik Üniversitesi Adresli: Evet

Özet

In this study, we have investigated the co-integration and causality relationship between the biomass energy consumption and economic growth in the transition countries by the Panel Auto Regressive Distributed Lag (ARDL) method and Pedroni co-integration analysis for 1990-2011. Analysed countries are gathered under two groups. For Groups 1 and 2, Pedroni panel co-integration test and ARDL bound test results show that biomass energy consumption and economic growth are co-integrated. Fully modified ordinary least squares results suggested that biomass energy consumption has positive effect on the economic growth.