An Appreciated Response of Disaggregated Energies Consumption towards the Sustainable Growth: A debate on G-10 Economies

Qianxiao Zhang, Syed Ale Raza Shah and Ling Yang

Energy, 2022, vol. 254, issue PA

Abstract: Sustainable growth has become a serious challenge for the globe. Therefore, energy and technology sectors are being considered crucial factors for sustainable growth (GG). The current study tries to estimate the linkage of disaggregated clean energies, ICT progress with sustainable growth via Cobb-Douglas production function in which labor force and capital formation are taken as independent variables. Fully Modified Ordinary Least Square (FMOLS) and Dynamic Ordinary Least Square (DOLS) are being used to estimate the long-run behavior of independent variables with dependent variable. The obtained outcomes show a significant contribution by biomass and hydro energies towards sustainable growth. Besides, labor force participation is found to be a supportive instrument for GG, while capital formation damages sustainable growth. Lastly, the empirical outcome shows the supportive role of technology in sustainable growth by an average of 0.087% (FMOLS) & 0.314% (DOLS). Such findings further strengthen policymakers' belief in other nations to promote sustainable growth. And to alleviate the economic growth losses, we suggest setting up sustainable growth (GG) sharing mechanism among regions.

Keywords: Sustainable growth; Green energies; Digital economy; C-D production function (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:254:y:2022:i:pa:s0360544222012804

DOI: 10.1016/j.energy.2022.124377

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