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Biomass energy consumption and economic growth: Evidence from top 10 biomass consumer countries

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  • Destek, Mehmet Akif

Abstract

This study aims to investigate the economic efficiency of biomass energy consumption for the period from 1980 to 2013 in top 10 biomass energy consumer countries. For this purpose, this study uses both augmented mean group (AMG) estimator and panel bootstrap causality method which are suitable for dependent and heterogeneous panels. The results of AMG estimator shows that economic growth is positively affected by biomass energy use in Brazil, China, Finland, Germany, Italy and Sweden. In addition, empirical findings from panel bootstrap causality test show that the growth hypothesis is valid for Brazil, Germany, India and Italy; the conservation hypothesis is supported in Sweden, the feedback hypothesis is confirmed in China and the US; the neutrality hypothesis is valid in Finland, Japan and the UK.

Suggested Citation

  • Destek, Mehmet Akif, 2017. "Biomass energy consumption and economic growth: Evidence from top 10 biomass consumer countries," MPRA Paper 106964, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:106964
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Aydin, Mucahit, 2019. "The effect of biomass energy consumption on economic growth in BRICS countries: A country-specific panel data analysis," Renewable Energy, Elsevier, vol. 138(C), pages 620-627.
    2. Naqvi, Syed Asif Ali & Hussain, Mehvish & Hussain, Bilal & Shah, Syed Ale Raza & Nazir, Jawad & Usman, Muhammad, 2023. "Environmental sustainability and biomass energy consumption through the lens of pollution Haven hypothesis and renewable energy-environmental kuznets curve," Renewable Energy, Elsevier, vol. 212(C), pages 621-631.
    3. Okumus, İlyas & Guzel, Arif Eser & Destek, Mehmet Akif, 2021. "Renewable, Non-renewable Energy Consumption and Economic Growth Nexus in G7: Fresh Evidence from CS-ARDL," MPRA Paper 114136, University Library of Munich, Germany.
    4. Oluwasogo S. Adediran & Ibiene Benibo & Doris Akinpelumi, 2021. "Biomass Energy Consumption and Economic Growth: An Assessment of the Relevance of Sustainable Development Goal 7 in Nigeria," International Journal of Energy Economics and Policy, Econjournals, vol. 11(6), pages 43-49.
    5. Wang, Zhaohua & Bui, Quocviet & Zhang, Bin, 2020. "The relationship between biomass energy consumption and human development: Empirical evidence from BRICS countries," Energy, Elsevier, vol. 194(C).
    6. Muhammad Kamran Khan & Muhammad Imran Khan & Muhammad Rehan, 2020. "The relationship between energy consumption, economic growth and carbon dioxide emissions in Pakistan," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 6(1), pages 1-13, December.

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    More about this item

    Keywords

    Biomass; energy consumption; economic growth; dependency; heterogeneity; bootstrap causality;
    All these keywords.

    JEL classification:

    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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