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Bioenergy consumption and economic growth in the EU-28region: evidence from a panel cointegration model

The purpose of this research is to examine the correlation between the bioenergy industry and economic outgrowth. This study investigates the growth hypothesis within the setting of conventional Cobb–Douglas production theory from 1990 to 2013in the EU-28 region. The authors use unit root test appro...

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Main Authors: Alsaleh, Mohammed, Abdul Samad, Abdul Rahim
Format: Article
Language:English
Published: Springer 2020
Online Access:http://psasir.upm.edu.my/id/eprint/88032/1/ABSTRACT.pdf
http://psasir.upm.edu.my/id/eprint/88032/
https://link.springer.com/article/10.1007/s10708-019-10124-z
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spelling my.upm.eprints.880322022-05-24T07:26:38Z http://psasir.upm.edu.my/id/eprint/88032/ Bioenergy consumption and economic growth in the EU-28region: evidence from a panel cointegration model Alsaleh, Mohammed Abdul Samad, Abdul Rahim The purpose of this research is to examine the correlation between the bioenergy industry and economic outgrowth. This study investigates the growth hypothesis within the setting of conventional Cobb–Douglas production theory from 1990 to 2013in the EU-28 region. The authors use unit root test approach, panel co integration analysis, cointegration assessment methods, and heterogeneous panel causality estimation analysis. The study found that bio-energy sector factors (human capital, physical capital and consumption) have a positive and significant impact on economic growth. Also, that there is a long-term stable relation among the bioenergy consumption and economic outgrowth. Heterogeneous panel causality estimations outcomes are consistent with the growth hypothesis in developed countries, feed-back hypothesis in European Union area, and neutrality hypothesis in underdeveloped countries. Reference to the panel data set, the three models’ results boost the hypothesis. Given the findings, the study derived that there is a significant influence from the bioenergy industry on economic growth in EU-28 region. Springer 2020 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/88032/1/ABSTRACT.pdf Alsaleh, Mohammed and Abdul Samad, Abdul Rahim (2020) Bioenergy consumption and economic growth in the EU-28region: evidence from a panel cointegration model. Geo Journal, 86. pp. 1245-1260. ISSN 0343-2521; ESSN: 1572-9893 https://link.springer.com/article/10.1007/s10708-019-10124-z 10.1007/s10708-019-10124-z
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description The purpose of this research is to examine the correlation between the bioenergy industry and economic outgrowth. This study investigates the growth hypothesis within the setting of conventional Cobb–Douglas production theory from 1990 to 2013in the EU-28 region. The authors use unit root test approach, panel co integration analysis, cointegration assessment methods, and heterogeneous panel causality estimation analysis. The study found that bio-energy sector factors (human capital, physical capital and consumption) have a positive and significant impact on economic growth. Also, that there is a long-term stable relation among the bioenergy consumption and economic outgrowth. Heterogeneous panel causality estimations outcomes are consistent with the growth hypothesis in developed countries, feed-back hypothesis in European Union area, and neutrality hypothesis in underdeveloped countries. Reference to the panel data set, the three models’ results boost the hypothesis. Given the findings, the study derived that there is a significant influence from the bioenergy industry on economic growth in EU-28 region.
format Article
author Alsaleh, Mohammed
Abdul Samad, Abdul Rahim
spellingShingle Alsaleh, Mohammed
Abdul Samad, Abdul Rahim
Bioenergy consumption and economic growth in the EU-28region: evidence from a panel cointegration model
author_facet Alsaleh, Mohammed
Abdul Samad, Abdul Rahim
author_sort Alsaleh, Mohammed
title Bioenergy consumption and economic growth in the EU-28region: evidence from a panel cointegration model
title_short Bioenergy consumption and economic growth in the EU-28region: evidence from a panel cointegration model
title_full Bioenergy consumption and economic growth in the EU-28region: evidence from a panel cointegration model
title_fullStr Bioenergy consumption and economic growth in the EU-28region: evidence from a panel cointegration model
title_full_unstemmed Bioenergy consumption and economic growth in the EU-28region: evidence from a panel cointegration model
title_sort bioenergy consumption and economic growth in the eu-28region: evidence from a panel cointegration model
publisher Springer
publishDate 2020
url http://psasir.upm.edu.my/id/eprint/88032/1/ABSTRACT.pdf
http://psasir.upm.edu.my/id/eprint/88032/
https://link.springer.com/article/10.1007/s10708-019-10124-z
_version_ 1734301608271937536
score 13.211869

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