Biomass energy consumption and economic growth nexus in OECD countries: A panel analysis

Ahdi Noomen Ajmi and Roula Inglesi-Lotz

Renewable Energy, 2020, vol. 162, issue C, 1649-1654

Abstract: This paper investigates the relationship between biomass energy consumption and economic growth for 26 OECD countries for 1980 to 2013 period. This study used panel unit root analyses, panel cointegration analyses, dynamic OLS analyses, fully modified OLS analyses and panel VECM Granger causality to examine the relationship. The results reveal the presence of long-run equilibrium relationship between the variables supporting the feedback hypothesis. As policy implication, OECD countries have to improve the biomass energy infrastructure as an important source of renewable energy to promote economic growth.

Keywords: OECD; Biomass energy; Economic growth; Dynamic OLS; Fully modified OLS (search for similar items in EconPapers)
JEL-codes: C51 Q43 Q47 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (23)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:renene:v:162:y:2020:i:c:p:1649-1654

DOI: 10.1016/j.renene.2020.10.002

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