Renewable and non-renewable energy consumption in Bangladesh: The relative influencing profiles of economic factors, urbanization, physical infrastructure and institutional quality
Md. Monirul Islam,
Muhammad Irfan (),
Muhammad Shahbaz and
Xuan Vinh Vo
Renewable Energy, 2022, vol. 184, issue C, 1130-1149
Many researchers investigate the socio-demographic and economic factors-induced energy consumption, particularly fossil fuel-based non-renewable energy consumption, but there exists a scarcity to study on the same factors-driven renewable energy consumption along with institutional quality factor. Given this, our research strives to analyse the relative influence of income growth, foreign direct investment, domestic investment, urbanization, physical infrastructure, and institutional quality on renewable and non-renewable energy consumption in Bangladesh for the period of 1990–2019 using the dynamic ARDL (DARDL) simulations method. The empirical findings divulge that income growth shows positive and negative effect on renewable and non-renewable energy consumption, respectively. Domestic investment has positive effect for renewable and non-renewable energy consumption. Foreign direct investment is found to have positive influencing factor for renewable energy consumption. Urbanization negatively impacts renewable energy consumption but urbanization affects non-renewable energy consumption positively. Physical infrastructure is a negative and positive determinant of renewable and non-renewable energy consumption, respectively. Institutional quality positively affects renewable energy consumption. The robustness of the results is comparatively exhibited using the DARDL simulations area plots where 20% positive and negative shocks to the predictors on the predicted variables are presented.
Keywords: Renewable and non-renewable energy consumption; Income growth; FDI; Urbanization; Infrastructure; Institutional quality (search for similar items in EconPapers)
JEL-codes: C53 Q2 Q3 Q4 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (20) Track citations by RSS feed
Downloads: (external link)
Full text for ScienceDirect subscribers only
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eee:renene:v:184:y:2022:i:c:p:1130-1149
Access Statistics for this article
Renewable Energy is currently edited by Soteris A. Kalogirou and Paul Christodoulides
More articles in Renewable Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().