Economic development and the energy intensity of human well-being: Evidence from the GCC countries
Osama Sweidan () and
Ahmad Alwaked ()
Renewable and Sustainable Energy Reviews, 2016, vol. 55, issue C, 1363-1369
This paper empirically investigates the effect of economic development on the energy intensity of human well-being (EIWB) in the Gulf Cooperation Council (GCC) during the period (1995–2012). We employ a time-series cross-sectional Prais–Winsten regression model with panel-corrected standard errors (PCSE). We conclude that economic development has had a significant positive impact on EIWB during the period (1995–2012). The results indicate that the stress on the environment had increased in a noticeable manner from 1995 until 2006. However, over the period 2007–2012, the stress went back to the level observed in 1995. This observation is unfortunate from the perspective sustainable economics.
Keywords: Sustainability economics; Energy consumption; Human well-being; Panel analysis; GCC countries (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:rensus:v:55:y:2016:i:c:p:1363-1369
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