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Energy Security, Renewable, non-renewable energy and economic growth in ASEAN economies: New insights

Citation

Nepal, R and Musibau, HO, Energy Security, Renewable, non-renewable energy and economic growth in ASEAN economies: New insights, The Singapore Economic Review pp. 1-32. ISSN 0217-5908 (2019) [Refereed Article]

Copyright Statement

Copyright 2019 World Scientific Publishing Company

DOI: doi:10.1142/S0217590819430045

Abstract

This study examines the linkages between energy security (ES), renewable and non-renewable energy on economic growth for ASEAN countries within a neo-classical growth framework. The econometric techniques account for cross-sectional dependence and structural breaks by undertaking a dynamic common correlation effect analysis unlike previous studies. The study finds a long-run relationship between ES, renewable, non-renewable energy and economic growth for ASEAN economies between 1980 and 2018. Our results also confirm a feedback relationship between renewable energy and economic growth in the ASEAN. Thus, the ASEAN governments must prioritize renewable energy funding and investments. The results are robust to different estimations and methods.

Item Details

Item Type:Refereed Article
Keywords:energy security, renewable, non-renewable energy and economic growth
Research Division:Economics
Research Group:Applied economics
Research Field:Applied economics not elsewhere classified
Objective Division:Economic Framework
Objective Group:Macroeconomics
Objective Field:Economic growth
UTAS Author:Nepal, R (Dr Rabindra Nepal)
UTAS Author:Musibau, HO (Mr Hammed Musibau)
ID Code:136434
Year Published:2019
Deposited By:TSBE
Deposited On:2019-12-19
Last Modified:2020-05-25
Downloads:0

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