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Medium- and High-Tech Export and Renewable Energy Consumption: Non-Linear Evidence from the ASEAN Countries

Cong Khai Dinh (), Thanh Ngo () and Trung Thanh Nguyen ()
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Cong Khai Dinh: School of Government, University of Economics Ho Chi Minh City, Ho Chi Minh City 72407, Vietnam
Trung Thanh Nguyen: School of Government, University of Economics Ho Chi Minh City, Ho Chi Minh City 72407, Vietnam

Energies, 2021, vol. 14, issue 15, 1-16

Abstract: Sustaining economic growth while reducing dependence on fossil fuels remains a challenge for our world to fight against climate change and therefore finding a way to promote economic growth and increase renewable energy use is needed. This paper uses a 22-year panel dataset (1994–2015) of 9 countries in the Association of Southeast Asian Nations provided by the World Bank World Development Indicators to examine the impact of medium- and high-tech export on renewable energy use. We employ a fixed-effects regression model with the Driscoll–Kraay nonparametric covariance matrix estimator to account for sectoral and temporal dependence. We also control for inflation, employment, population growth, and gross domestic product per capita in our estimations. Our results demonstrate a U-shaped association between medium- and high-tech export and renewable energy consumption of these economies. The results propose that enhancing medium- and high-tech export could be a feasible solution for promoting renewable energy consumption.

Keywords: renewable energy; medium- and high-tech export; economic growth; employment; inflation; ASEAN (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2021
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