Role of energy sources in promotion of sustainable development: moderating implications of globalisation

Kashif Nesar Rather (), Mantu Kumar Mahalik () and Shreya Pal ()
Additional contact information
Kashif Nesar Rather: Indian Institute of Technology Kharagpur
Mantu Kumar Mahalik: Indian Institute of Technology Kharagpur
Shreya Pal: Christ University (Deemed to be University)

Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, 2025, vol. 27, issue 7, No 67, 16773-16796

Abstract: Abstract This study empirically investigates the impact of renewable and non-renewable energy generation on sustainable development for a balanced panel of 68 developed and developing economies from 1990 to 2019. This is done to scrutinise the intricate interplay between energy sources and sustainable development outcomes at the global level. The estimated models also control for the effects of globalisation, urbanisation, and government expenditure. The Westerlund cointegration establishes a significant long-run relationship between the variables under consideration. In this regard, the two-step dynamic system-generalised moment method (system GMM) demonstrates a positive impact of renewable energy, globalisation, and government expenditure on sustainable development. In contrast, non-renewable energy and urbanisation exert detrimental influences on it. However, both the energy sources demonstrate an amplified positive impact on sustainable development under the moderating influence of globalisation. The Feasible Generalised Least Squares estimation also confirms the long-run reliability of these baseline findings. Furthermore, Granger based non-causality test establishes a significant causal relationship between the variables under consideration. Potential policy suggestions for promoting the sustainable development are also discussed.

Keywords: Sustainable development; Energy sources; Globalisation; Urbanisation; System GMM estimation (search for similar items in EconPapers)
JEL-codes: C01 F6 P25 P28 Q01 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s10668-024-04625-2 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

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:spr:endesu:v:27:y:2025:i:7:d:10.1007_s10668-024-04625-2

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/10668

DOI: 10.1007/s10668-024-04625-2

Access Statistics for this article

Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development is currently edited by Luc Hens

More articles in Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().