Energy-Economy Nexus in Emerging Economies: A Dynamic Panel Data Analysis
Keeping in view the strong link between energy use and economic growth along with associated environmental costs and contradictory findings, this study re-investigates the energy-economy nexus for a group of 45 emerging economies. Empirical estimation of the modified Solow growth equation is carrie...
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| Format: | Article |
| Language: | English |
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National University of Sciences and Technology
2021-01-01
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| Series: | NUST Journal of Social Sciences and Humanities |
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| Online Access: | https://njssh.nust.edu.pk/index.php/njssh/article/view/49 |
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| author | Gulzar Khan Sadia Safdar Azra Khan |
| author_facet | Gulzar Khan Sadia Safdar Azra Khan |
| author_sort | Gulzar Khan |
| collection | DOAJ |
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Keeping in view the strong link between energy use and economic growth along with associated environmental costs and contradictory findings, this study re-investigates the energy-economy nexus for a group of 45 emerging economies. Empirical estimation of the modified Solow growth equation is carried out through pooled mean group estimator, impulse response functions and forecast error variance decomposition for the period 1991-2015. Our empirical results show that energy use and economic growth are interdependent (feedback hypothesis) in case of emerging economies. Overall, the analysis demonstrates that energy is the mainstay of emerging economies. Therefore, to maintain the ongoing pace of
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| format | Article |
| id | doaj-art-4f8d297a043f4db5b2df65732d0a5a3b |
| institution | DOAJ |
| issn | 2520-503X 2523-0026 |
| language | English |
| publishDate | 2021-01-01 |
| publisher | National University of Sciences and Technology |
| record_format | Article |
| series | NUST Journal of Social Sciences and Humanities |
| spelling | doaj-art-4f8d297a043f4db5b2df65732d0a5a3b2025-08-20T02:39:54ZengNational University of Sciences and TechnologyNUST Journal of Social Sciences and Humanities2520-503X2523-00262021-01-0161Energy-Economy Nexus in Emerging Economies: A Dynamic Panel Data AnalysisGulzar KhanSadia SafdarAzra Khan Keeping in view the strong link between energy use and economic growth along with associated environmental costs and contradictory findings, this study re-investigates the energy-economy nexus for a group of 45 emerging economies. Empirical estimation of the modified Solow growth equation is carried out through pooled mean group estimator, impulse response functions and forecast error variance decomposition for the period 1991-2015. Our empirical results show that energy use and economic growth are interdependent (feedback hypothesis) in case of emerging economies. Overall, the analysis demonstrates that energy is the mainstay of emerging economies. Therefore, to maintain the ongoing pace of https://njssh.nust.edu.pk/index.php/njssh/article/view/49Energy UseEconomic GrowthPedroni Cointegration TestHeterogeneityEmerging Economies |
| spellingShingle | Gulzar Khan Sadia Safdar Azra Khan Energy-Economy Nexus in Emerging Economies: A Dynamic Panel Data Analysis NUST Journal of Social Sciences and Humanities Energy Use Economic Growth Pedroni Cointegration Test Heterogeneity Emerging Economies |
| title | Energy-Economy Nexus in Emerging Economies: A Dynamic Panel Data Analysis |
| title_full | Energy-Economy Nexus in Emerging Economies: A Dynamic Panel Data Analysis |
| title_fullStr | Energy-Economy Nexus in Emerging Economies: A Dynamic Panel Data Analysis |
| title_full_unstemmed | Energy-Economy Nexus in Emerging Economies: A Dynamic Panel Data Analysis |
| title_short | Energy-Economy Nexus in Emerging Economies: A Dynamic Panel Data Analysis |
| title_sort | energy economy nexus in emerging economies a dynamic panel data analysis |
| topic | Energy Use Economic Growth Pedroni Cointegration Test Heterogeneity Emerging Economies |
| url | https://njssh.nust.edu.pk/index.php/njssh/article/view/49 |
| work_keys_str_mv | AT gulzarkhan energyeconomynexusinemergingeconomiesadynamicpaneldataanalysis AT sadiasafdar energyeconomynexusinemergingeconomiesadynamicpaneldataanalysis AT azrakhan energyeconomynexusinemergingeconomiesadynamicpaneldataanalysis |