The effects of governance quality on renewable and nonrenewable energy consumption: An explainable decision frame

Futian Weng, Dongsheng Cheng, Muni Zhuang, Xin Lu and Cai Yang

Journal of Forecasting, 2024, vol. 43, issue 6, 2146-2162

Abstract: This study analyzes the effect of governance quality (six aspects: government effectiveness; control of corruption; voice and accountability; regulatory quality; political stability and absence of violence; and rule of law) on the renewable and nonrenewable energy consumption prediction based on the SHapely Additive exPlanations method for model analysis and interpretability. The empirical findings indicate that the time‐varying contributions of six aspects of governance quality on nonrenewable (renewable) energy consumption predicting vary greatly in E‐7 and G‐7 countries. The time‐varying contribution of governance quality within countries is heterogeneous and asymmetrical, especially India (Germany) in E‐7 countries (G‐7 countries). The prediction contribution distribution of governance quality between countries is more discrete in G‐7 countries than E‐7 countries. Our results are of great importance to policymakers and investors for enhancing the renewable energy consumption level in overcoming environmental challenges based on the country itself through governance quality.

Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://doi.org/10.1002/for.3110

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:wly:jforec:v:43:y:2024:i:6:p:2146-2162

Access Statistics for this article

Journal of Forecasting is currently edited by Derek W. Bunn

More articles in Journal of Forecasting from John Wiley & Sons, Ltd.
Bibliographic data for series maintained by Wiley Content Delivery ().