Inclusive Economic Growth: Relationship between Energy and Governance Efficiency

Aleksy Kwilinski (), Oleksii Lyulyov and Tetyana Pimonenko
Additional contact information
Aleksy Kwilinski: Department of Management, Faculty of Applied Sciences, WSB University, 41-300 Dabrowa Gornicza, Poland
Tetyana Pimonenko: Department of Management, Faculty of Applied Sciences, WSB University, 41-300 Dabrowa Gornicza, Poland

Energies, 2023, vol. 16, issue 6, 1-16

Abstract: The ambitious goal of the European Union (EU) countries is to achieve carbon neutrality by providing inclusive economic growth, which requires the development of relevant incentives and initiatives. Furthermore, such incentives and initiatives should guarantee the achievement of the declared goals. Energy sectors are the core determinant of inclusive economic growth. Traditional energy resources (coal oriented) have a higher negative impact on nature and people’s well-being than on economic and social benefits. However, the transition to renewable energy raises new issues in achieving goals of inclusive economic growth: affordable and clean energy, responsible energy consumption, and energy infrastructure. The analysis of the theoretical framework found that the digitalization of government could be a core instrument for handling the abovementioned issues. The paper aims to justify the role of green energy in achieving inclusive economic growth empirically. The study applies the following methods: fully modified Ordinary Least Square (OLS) and canonical cointegrating regression. The findings allow concluding that institutional quality passively affects inclusive economic growth and that the digitalization of government has a U-shaped impact on inclusive economic growth. In this case, countries should boost the digital transformation of public services and continuously increase the quality of institutions.

Keywords: sustainable development; renewable energy; quality of institutions; e-Governance; digitalization; inclusive innovation; trade openness (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: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

Downloads: (external link)
https://www.mdpi.com/1996-1073/16/6/2511/pdf (application/pdf)
https://www.mdpi.com/1996-1073/16/6/2511/ (text/html)

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:gam:jeners:v:16:y:2023:i:6:p:2511-:d:1089592

Access Statistics for this article

Energies is currently edited by Ms. Agatha Cao

More articles in Energies from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().