Role of energy consumption preferences on human development: a study of SAARC region

Tehmina Zahid (), Noman Arshed, Mubbasher Munir () and Kamran Hameed ()
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Tehmina Zahid: University of Management and Technology
Mubbasher Munir: University of Management and Technology
Kamran Hameed: University of Management and Technology

Economic Change and Restructuring, 2021, vol. 54, issue 1, No 5, 144 pages

Abstract: Abstract A large number of studies evidenced the role of energy on growth and renewable energy as a cleaner input, which is the need of the hour as because of population and growth, the energy demand is on the rise in South Asia region. This study scrutinizes the quadratic effect of the non-renewable and renewable energy consumption mix and its impact on sustainable development while controlling for trade openness, development expenditures and industrialization. This study resorts to feasible generalized least squared model for the estimation of quadratic function for five SAARC countries between 1990 and 2017. The results show that the non-renewable-to-renewable energy mix ratio follows an inverted U-shaped relationship with HDI. Further renewable energy must be significantly higher than non-renewable energy in order to ensure that it is development promoting.

Keywords: Energy mix; Asia; Sustainable development (search for similar items in EconPapers)
JEL-codes: I3 Q2 Q3 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (5)

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DOI: 10.1007/s10644-020-09279-4

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