Bioenergy Intensity and Its Determinants in European Continental Countries: Evidence Using GMM Estimation

Mohd Alsaleh and A. S. Abdul-Rahim
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Mohd Alsaleh: Faculty of Economics and Management, Universiti Putra Malaysia, UPM Serdang, Selangor 43400, Malaysia
A. S. Abdul-Rahim: Faculty of Economics and Management, Universiti Putra Malaysia, UPM Serdang, Selangor 43400, Malaysia

Resources, 2019, vol. 8, issue 1, 1-14

Abstract: This study contributes to the existing literature by examining bioenergy intensity and its related factors in European continental countries (ECC). Through its focus on European continental (EC), this study extends the existing literature, which mainly covers nationwide studies. The current paper aims to investigate the variables of bioenergy intensity in the ECC during the term 2005–2013, construct its economic variables, and evaluate the volume and significance level of the impact of each variable on bioenergy intensity. To successfully achieve this analysis, a generalised method of moments estimator (GMM) was designed for ECC. The estimated models show that available bioenergy for final consumption has a positive impact on bioenergy intensity in ECC. The largest influence on bioenergy intensity was evaluated for the annual growth of Gross Domestic Product (GDP), followed by the investment and referral that the scale and construction of this economic variable should be taken into consideration and applied as a precious bioenergy regulation and policy instruments for developing bioenergy intensity and efficiency.

Keywords: bioenergy industry; bioenergy intensity; European continental countries (ECC); GMM regression (search for similar items in EconPapers)
JEL-codes: Q1 Q2 Q3 Q4 Q5 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jresou:v:8:y:2019:i:1:p:43-:d:209075

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