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individual subsectors. A cross-country decomposition analysis reveals that in some countries structural changes contributed …
Persistent link: https://www.econbiz.de/10011334858
This study shows that the cross-section “curse” result found with oil abundance indicators for producing countries disappears in a panel estimation considering the most important growth factors. This happens even excluding institutional quality, which is hindered by oil and ores abundance in...
Persistent link: https://www.econbiz.de/10008458568
Given a panel of oil producing countries, we show that a higher oil concentration is associated with an increase in economic growth through capital efficiency in: (i) countries with medium and low income per head from East Asia & Pacific and Latin America & the Caribbean, classified as followers...
Persistent link: https://www.econbiz.de/10008495872
This paper disaggregates energy consumption and GDP data according to end-use to analyze a broad number of developed and developing countries grouped in panels by similar characteristics. Panel long-run causality is assessed with a relatively under-utilized approach recommend by Canning and...
Persistent link: https://www.econbiz.de/10014159365
Estimating the relationship between economic development and energy demand and determining whether that relationship changes as levels of development change have been popular questions in energy economics. The current paper contributes to the literature by assembling a wide panel dataset of...
Persistent link: https://www.econbiz.de/10014109234
Energy plays a vital role in economic development. It performs a key for sustainable development. Hence, many studies have attempted to look for the direction of causality between energy consumption (EC), economic growth (GDP) and CO2 emissions. This paper, therefore, applies the panel unit root...
Persistent link: https://www.econbiz.de/10014169871
The available literature on sustainable energy use and economic growth nexus yields conflicting conclusions, as the effect can be positive, negative, or insignificant. This research explores the causal link between sustainable energy use and economic growth in G7-countries (Japan, Canada,...
Persistent link: https://www.econbiz.de/10014241832
This paper disaggregates energy consumption and GDP data according to end-use to analyze a broad number of developed and developing countries grouped in panels by similar characteristics. Panel long-run causality is assessed with a relatively under-utilized approach recommend by Canning and...
Persistent link: https://www.econbiz.de/10013030525
This study examines the relationship between economic development and environmental degradation for a global panel of 120 countries over the period 1990- 2016. We apply the Fixed Effect Model (FEM) to evaluate the environmental impact of economic development. This study makes an attempt to bring...
Persistent link: https://www.econbiz.de/10012912101
The paper investigates the linkage between economic and financial development and decline in environmental quality in BRIC economies for the period 1992 – 2004. As measure of robustness, we also introduce and examine behavior of results considering USA and Japan. We employ feasible general...
Persistent link: https://www.econbiz.de/10012966198