Primary energy consumption-growth nexus: The role of natural resources, quality of government, and fixed capital formation

Anam Azam, Muhammad Ateeq, Muhammad Shafique, Muhammad Rafiq and Jiahai Yuan

Energy, 2023, vol. 263, issue PA

Abstract: This present study is the first attempt to analyze the synergy between primary energy consumption, economic growth, natural resources, quality of government, financial development, and gross capital formation in the panel data of 30 developing countries from 1990 to 2017. For this purpose, the study employed pooled regression, fixed effects, random effects, and the heterogeneous panel Dumitrescu-Hurlin causation procedure. Our findings confirm that primary energy consumption, gross capital formation, financial development, and quality of government positively impact economic growth. The heterogeneous panel causality test confirms the feedback effect hypothesis in the connection between primary energy consumption and other factors including economic growth. These results offer new insights into policy implications for the developing countries being studied.

Keywords: Industrialization; Energy demand; Panel data; CO2 emissions; Natural resources (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0360544222024562
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:263:y:2023:i:pa:s0360544222024562

DOI: 10.1016/j.energy.2022.125570

Access Statistics for this article

Energy is currently edited by Henrik Lund and Mark J. Kaiser

More articles in Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().