The impact of renewable and non-renewable energy on sustainable development in South Asia

Maheen Noor, Dilawar Khan (), Alam Khan and Noman Rasheed
Additional contact information
Maheen Noor: Kohat University of Science and Technology
Dilawar Khan: Kohat University of Science and Technology
Alam Khan: Kohat University of Science and Technology
Noman Rasheed: Kohat University of Science and Technology

Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, 2024, vol. 26, issue 6, No 39, 14638 pages

Abstract: Abstract Sustainable development is South Asia's main objective and energy plays a vital role in achieving this objective. The main objective of this study was to use econometric tools to examine the impacts of renewable and non-renewable energy on sustainable development in South Asia using time series data over the period 1995–2019. First, the panel unit root tests were used to look for the unit root in each data series. Some of the data series were stationary at the level, while others were stationary at the first difference. Second, the panel ARDL technique was used to examine the short-term and long-term impacts of renewable and non-renewable energy on sustainable development. The panel ARDL results reveal that renewable and non-renewable energies have considerable long-term beneficial influence on sustainable development in South Asia. Third, several preliminary tests were used to confirm the reliability, stability and predictability of the panel ARDL parameters. The results of these diagnostic tests indicated that the parameters of the panel ARDL model are stable, predictable and reliable in the long term. Finally, the study outlined how various policy approaches can be used to drive sustainable development.

Keywords: Renewable energy; Non-renewable energy; Sustainable development; Panel ARDL approach (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s10668-023-03210-3 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

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:spr:endesu:v:26:y:2024:i:6:d:10.1007_s10668-023-03210-3

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/10668

DOI: 10.1007/s10668-023-03210-3

Access Statistics for this article

Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development is currently edited by Luc Hens

More articles in Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().