| ID | 128457 |
| Title Proper | Clean energy, non-clean energy, and economic growth in the MIST countries |
| Language | ENG |
| Author | Pao, Hsiao-Tien ; Yi-Ying Li ; Hsin-Chia Fu |
| Publication | 2014. |
| Summary / Abstract (Note) | This paper explores the causal relationship between clean (renewable/nuclear) and non-clean energy consumption and economic growth in emerging economies of the MIST (Mexico, Indonesia, South Korea, and Turkey) countries. The panel co-integration tests reveal that there is a long-term equilibrium relationship among GDP, capital formation, labor force, renewable/nuclear, and fossil fuel energy consumption. The panel causality results indicate that (1) there is a positive unidirectional short-run causality from fossil fuel energy consumption to economic growth with a bidirectional long-run causality; (2) there is a unidirectional long-run causality from renewable energy consumption to economic growth with positive bidirectional short-run causality, and a long-run causality from renewable to fossil fuel energy consumption with negative short-run feedback effects; and (3) there is a bidirectional long-run causality between nuclear energy consumption and economic growth and a long-run causality from fossil fuel energy consumption to nuclear energy consumption with positive short-run feedback effects. These suggest that MIST countries should be energy-dependent economies and that energy conservation policies may depress their economic development. However, developing renewable and nuclear energy is a viable solution for addressing energy security and climate change issues, and creating clean and fossil fuel energy partnerships could enhance a sustainable energy economy. |
| `In' analytical Note | Energy Policy Vol.67; Apr 2014: p.932-942 |
| Journal Source | Energy Policy Vol.67; Apr 2014: p.932-942 |
| Key Words | Clean Energy Consumption ; MIST Countries ; Panel Causality |