Biomass energy consumption and financial development: evidence from some developing countries
Yazarlar (2)
Prof. Dr. Feyyaz ZEREN Yalova Üniversitesi, Türkiye
Makale Türü Özgün Makale (ESCI dergilerinde yayınlanan tam makale)
Dergi Adı International Journal of Sustainable Energy
Dergi ISSN 1478-6451 Dergi Bilgileri (2021)
Dergi Tarandığı Indeksler Emerging Sources Citation Index
Makale Dili İngilizce Basım Tarihi 01-2021
Kabul Tarihi 10-01-2021 Yayınlanma Tarihi 28-01-2021
Cilt / Sayı / Sayfa 40 / 9 / 858–868 DOI 10.1080/14786451.2021.1876689
Makale Linki https://www.tandfonline.com/doi/epub/10.1080/14786451.2021.1876689?needAccess=true
UAK Araştırma Alanları
Uluslararası Ticaret
Özet
The importance of renewable energy in the economic structures of countries is increasing and biomass is one of the most widely used renewable energy types. In this paper, the nexus between biomass energy consumption (BEC) and financial development (FD) for developing countries in the period between 1990 and 2018 has been investigated with Konya (2006) bootstrap panel causality tests, Westerlund (2006) panel cointegration with multiple breaks, CCE and AMG panel cointegration estimator are suitable for cross-section dependency and heterogenous panels. According to empirical findings, BEC and FD have cointegrated in the long-run and this relationship is positive. Moreover, the growth hypothesis is valid for Argentina, Bolivia, Mexico, Uruguay and El-Salvador; neutrality hypothesis is valid for Chile, Colombian, Peru, Turkey and Panama.
Anahtar Kelimeler
Biomass energy consumption | developing countries | financial development | panel causality | panel cointegration
BM Sürdürülebilir Kalkınma Amaçları
Atıf Sayıları
Yöksis 12
Web of Science 10
Scopus 12
Google Scholar 20
Biomass energy consumption and financial development: evidence from some developing countries