Economic output in the era of changing energy-mix for G20 countries: New evidence with trade openness and research and development investment

Arjita Sikder, John Inekwe and Mita Bhattacharya

Applied Energy, 2019, vol. 235, issue C, 930-938

Abstract: This research examines the long-run effects of energy-mix, trade openness and research and development on the economic output of G20 countries. We employ panel estimation techniques that account for heterogeneity and cross-sectional dependence across countries. The presence of a long-run relationship is established for almost all variables across countries. The findings are mixed with respect to long-run elasticities across countries. Trade openness and research and development are found to be the contributing factors in enhancing economic output for most of the countries. The increasing roles of renewable sources are prominent in Argentina, Germany, Indonesia, Italy, the Russian Federation, and the United States; while in Australia, Brazil, Canada, France, Japan, South Korea and Mexico, we find a negative relationship with output. Our findings suggest that the G20 group should continue promoting investment in research and development in energy sector, along with trade integration for sustainable development. The role of changing energy-mix is found to be different across the group.

Keywords: Economic output; Energy-mix; Heterogeneous panel; FMOLS (search for similar items in EconPapers)
JEL-codes: F1 F3 F43 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0306261918316623
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:appene:v:235:y:2019:i:c:p:930-938

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/405891/bibliographic
http://www.elsevier. ... 405891/bibliographic

DOI: 10.1016/j.apenergy.2018.10.092

Access Statistics for this article

Applied Energy is currently edited by J. Yan

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