Energy Security, Renewable, non-renewable energy and economic growth in ASEAN economies: New insights
journal contribution
posted on 2023-05-20, 09:06authored byNepal, R, Hammed Musibau
This study examines the linkages between energy security (ES), renewable and non-renewable energy on economic growth for ASEAN countries within a neo-classical growth framework. The econometric techniques account for cross-sectional dependence and structural breaks by undertaking a dynamic common correlation effect analysis unlike previous studies. The study finds a long-run relationship between ES, renewable, non-renewable energy and economic growth for ASEAN economies between 1980 and 2018. Our results also confirm a feedback relationship between renewable energy and economic growth in the ASEAN. Thus, the ASEAN governments must prioritize renewable energy funding and investments. The results are robust to different estimations and methods.
History
Publication title
The Singapore Economic Review
Pagination
1-32
ISSN
0217-5908
Department/School
TSBE
Publisher
World Scientific Publishing Co. Pte. Ltd.
Place of publication
Singapore
Rights statement
Copyright 2019 World Scientific Publishing Company