The Contribution of Green, Blue, and Energy Sources to Economic Development in Central Asia

Massimiliano Caporin, Bekhzod Kuziboev, Ergash Ibadullaev, Elbek Khodjaniyazov, Peter Marty () and Olimjon Saidmamatov ()
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Bekhzod Kuziboev: Faculty of Socio-Economic Sciences, Urgench State University, Urgench 220100, Uzbekistan
Ergash Ibadullaev: Faculty of Economics and Humanities, Mamun University, Khiva 220900, Uzbekistan
Elbek Khodjaniyazov: Faculty of Socio-Economic Sciences, Urgench State University, Urgench 220100, Uzbekistan
Peter Marty: Institute of Natural Resource Sciences, Zurich University of Applied Sciences (ZHAW), 8820 Wadenswil, Switzerland
Olimjon Saidmamatov: Faculty of Socio-Economic Sciences, Urgench State University, Urgench 220100, Uzbekistan

Economies, 2024, vol. 12, issue 9, 1-12

Abstract: Central Asia (CA) is a young integrated region formed after the collapse of the Soviet Union, with most of its infrastructure based on fossil fuels. The traditional energy and water infrastructure is facing huge inefficiency and technical losses. This study investigates the transition of the green, blue, and energy economies in Central Asia using a small-dimensional panel dataset on five countries, Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan, and Turkmenistan, over the period 1995–2018. The authors analyze the impact of ecological footprint, water withdrawal, and energy consumption on gross domestic product. In applying the Panel Vector Error Correction Model, evidence was found supporting the long-running association between variables. Furthermore, the adjustment coefficients suggest that only GDP growth will adjust toward equilibrium. Overall, the findings suggest a more effective role of green transition compared to blue and energy transitions.

Keywords: energy; water; green growth; Central Asia (search for similar items in EconPapers)
JEL-codes: E F I J O Q (search for similar items in EconPapers)
Date: 2024
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