Fossil fuel share in the energy mix and economic growth
Ahsan Kibria,
Sherzod Akhundjanov and
Reza Oladi
International Review of Economics & Finance, 2019, vol. 59, issue C, 253-264
Abstract:
After the Paris Agreement in 2016 fossil fuel share in the energy mix has become a debatable issue within the policy-circles of different countries as they start rolling out their plans to meet the requirements and targets of the agreement. In this paper, we examine the relationship between fossil fuel share in the energy mix and real income using a panel of 151 countries from 1971 to 2013. A cursory examination of the data suggests that there may exist a polynomial relationship between fossil fuel share and income, a phenomenon that we coin as energy mix Kuznets curve (EMKC). Although our parametric estimates provide evidence in support of this hypothesis, the results are sensitive to polynomial model specification. The results from nonparametric analysis, which places no restrictions on the functional form, provide support in favor of the EMKC.
Keywords: Energy mix; Fossil fuel; Kuznets curve (search for similar items in EconPapers)
JEL-codes: C14 C23 Q40 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (19)
Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1059056018305689
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:reveco:v:59:y:2019:i:c:p:253-264
DOI: 10.1016/j.iref.2018.09.002
Access Statistics for this article
International Review of Economics & Finance is currently edited by H. Beladi and C. Chen
More articles in International Review of Economics & Finance from Elsevier
Bibliographic data for series maintained by Catherine Liu ().