Relationship between biomass energy and economic growth in transition countries: panel ARDL approach
GLOBAL CHANGE BIOLOGY BIOENERGY, vol.6, no.6, pp.717-726, 2014 (SCI-Expanded, Scopus)
- Publication Type: Article / Article
- Volume: 6 Issue: 6
- Publication Date: 2014
- Doi Number: 10.1111/gcbb.12092
- Journal Name: GLOBAL CHANGE BIOLOGY BIOENERGY
- Journal Indexes: Science Citation Index Expanded (SCI-EXPANDED), Scopus
- Page Numbers: pp.717-726
- Keywords: biomass energy, economic growth, granger causality, panel ARDL, pedroni co-integration, RENEWABLE ENERGY, ELECTRICITY CONSUMPTION, COINTEGRATION, TESTS, NEXUS, GNP
- Yıldız Technical University Affiliated: Yes
Abstract
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.