IDEAS home Printed from https://ideas.repec.org/a/gam/jecomi/v12y2024i3p60-d1349982.html
   My bibliography  Save this article

Hydropower & HDI Nexus in Nordic Countries Using VAR Techniques

Author

Listed:
  • Abdelmoneim B. M. Metwally

    (Department of Accounting, College of Business Administration, King Faisal University, Al-Ahsa 31982, Saudi Arabia
    Department of Accounting, Faculty of Commerce, Assiut University, Assiut 71515, Egypt)

  • Shahd M. Nabil

    (Economics Department, Faculty of Management Sciences, October University of Modern Arts and Sciences, 6th October City 12451, Egypt)

  • Mai M. Yasser

    (Economics Department, Faculty of Management Sciences, October University of Modern Arts and Sciences, 6th October City 12451, Egypt)

Abstract

Although the movement of people from rural to urban areas has caused the increased use of energy, the abundance of water resources can be made into a form of renewable energy known as hydroelectricity. As European countries are ranked as the first users and exporters of hydropower, the production of renewable energy in developed countries such as the Nordic region has caused great impacts on economic growth and human development. The importance of this paper is to investigate the relationship between hydroelectricity and the Human Development Index by depending on some variables such as urbanization, rule of law, corruption, trade openness, and GDP per capita from 2002 to 2021 in Nordic countries. The results were estimated depending on impulse response function after conducting the Vector autoregressive model (VAR) model and Granger causality test. Results showed a negative impact from hydro plants in the short run but a significant positive impact in the long run in Nordic countries. The long-term sustainment of Human Development Index (HDI) is due to policies limiting the immigration of labor as well as protection of energy use. Water batteries are gaining popularity across Europe and their implementation is near mandatory.

Suggested Citation

  • Abdelmoneim B. M. Metwally & Shahd M. Nabil & Mai M. Yasser, 2024. "Hydropower & HDI Nexus in Nordic Countries Using VAR Techniques," Economies, MDPI, vol. 12(3), pages 1-18, March.
    • Handle: RePEc:gam:jecomi:v:12:y:2024:i:3:p:60-:d:1349982
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2227-7099/12/3/60/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2227-7099/12/3/60/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Donald W. Jones, 1989. "Urbanization and Energy Use In Economic Development," The Energy Journal, , vol. 10(4), pages 29-45, October.
    2. de Faria, Felipe A.M. & Davis, Alex & Severnini, Edson & Jaramillo, Paulina, 2017. "The local socio-economic impacts of large hydropower plant development in a developing country," Energy Economics, Elsevier, vol. 67(C), pages 533-544.
    3. Valeria Costantini & Salvatore Monni, 2005. "Sustainable Human Development for European Countries," Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 6(3), pages 329-351.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Piotr Bórawski & Aneta Bełdycka-Bórawska & Bogdan Klepacki & Lisa Holden & Tomasz Rokicki & Andrzej Parzonko, 2024. "Changes in Gross Nuclear Electricity Production in the European Union," Energies, MDPI, vol. 17(14), pages 1-31, July.
    2. Rafał Wyszomierski & Piotr Bórawski & Lisa Holden & Aneta Bełdycka-Bórawska & Tomasz Rokicki & Andrzej Parzonko, 2025. "Competitive Potential of Stable Biomass in Poland Compared to the European Union in the Aspect of Sustainability," Resources, MDPI, vol. 14(2), pages 1-21, January.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Juan Antonio Duro & Jordi Teixidó-Figueras & Emilio Padilla, 2017. "The Causal Factors of International Inequality in $$\hbox {CO}_{2}$$ CO 2 Emissions Per Capita: A Regression-Based Inequality Decomposition Analysis," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 67(4), pages 683-700, August.
    2. Serdar Ozturk & Seher Suluk, 2020. "The granger causality relationship between human development and economic growth: The case of Norway," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 9(6), pages 143-153, October.
    3. Zhenkai Yang & Mei-Chih Wang & Tsangyao Chang & Wing-Keung Wong & Fangjhy Li, 2022. "Which Factors Determine CO 2 Emissions in China? Trade Openness, Financial Development, Coal Consumption, Economic Growth or Urbanization: Quantile Granger Causality Test," Energies, MDPI, vol. 15(7), pages 1-18, March.
    4. Adom, Philip Kofi, 2015. "Business cycle and economic-wide energy intensity: The implications for energy conservation policy in Algeria," Energy, Elsevier, vol. 88(C), pages 334-350.
    5. Sieds, 2012. "Complete Volume LXVI n.1 2012," RIEDS - Rivista Italiana di Economia, Demografia e Statistica - The Italian Journal of Economic, Demographic and Statistical Studies, SIEDS Societa' Italiana di Economia Demografia e Statistica, vol. 66(1), pages 1-296.
    6. Costantini, Valeria & Monni, Salvatore, 2008. "Environment, human development and economic growth," Ecological Economics, Elsevier, vol. 64(4), pages 867-880, February.
    7. Montrone, Lorenzo & Steckel, Jan Christoph & Kalkuhl, Matthias, 2022. "The type of power capacity matters for economic development – Evidence from a global panel," Resource and Energy Economics, Elsevier, vol. 69(C).
    8. Milan Daus & Katharina Koberger & Kaan Koca & Felix Beckers & Jorge Encinas Fernández & Barbara Weisbrod & Daniel Dietrich & Sabine Ulrike Gerbersdorf & Rüdiger Glaser & Stefan Haun & Hilmar Hofmann &, 2021. "Interdisciplinary Reservoir Management—A Tool for Sustainable Water Resources Management," Sustainability, MDPI, vol. 13(8), pages 1-21, April.
    9. Rath, Badri Narayan & Akram, Vaseem & Bal, Debi Prasad & Mahalik, Mantu Kumar, 2019. "Do fossil fuel and renewable energy consumption affect total factor productivity growth? Evidence from cross-country data with policy insights," Energy Policy, Elsevier, vol. 127(C), pages 186-199.
    10. Liu, Qingrui & Tang, Lu, 2022. "Research on the accelerating effect of green finance on the transformation of energy consumption in China," Research in International Business and Finance, Elsevier, vol. 63(C).
    11. Asane-Otoo, Emmanuel, 2015. "Carbon footprint and emission determinants in Africa," Energy, Elsevier, vol. 82(C), pages 426-435.
    12. Ugo Gentilini & Patrick Webb, 2005. "How Are We Doing on Poverty and Hunger Reduction?: A New Measure of Country-Level Progress," Working Papers in Food Policy and Nutrition 31, Friedman School of Nutrition Science and Policy.
    13. Jürgen Volkert & Friedrich Schneider, 2011. "The Application of the Capability Approach to High-Income OECD Countries: A Preliminary Survey," CESifo Working Paper Series 3364, CESifo.
    14. José Roberto Ribas & Jorge Santos Ribas & Andrés Suárez García & Elena Arce Fariña & David González Peña & Ana García Rodríguez, 2021. "A Multicriteria Evaluation of Sustainable Riparian Revegetation with Local Fruit Trees around a Reservoir of a Hydroelectric Power Plant in Central Brazil," Sustainability, MDPI, vol. 13(14), pages 1-16, July.
    15. Kaczmarski, Jesse I. & Jones, Benjamin A., 2024. "The marginal generation and emissions impacts of purchased hydropower: Evidence from the Colorado River Storage Project," Energy Economics, Elsevier, vol. 138(C).
    16. Suman Seth and Antonio Villar, 2017. "Measuring Human Development and Human Deprivations," OPHI Working Papers ophiwp110.pdf, Queen Elizabeth House, University of Oxford.
    17. Yuan, Baolong & Ren, Shenggang & Chen, Xiaohong, 2015. "The effects of urbanization, consumption ratio and consumption structure on residential indirect CO2 emissions in China: A regional comparative analysis," Applied Energy, Elsevier, vol. 140(C), pages 94-106.
    18. Azam, Muhammad & Khan, Abdul Qayyum & Zaman, Khalid & Ahmad, Mehboob, 2015. "Factors determining energy consumption: Evidence from Indonesia, Malaysia and Thailand," Renewable and Sustainable Energy Reviews, Elsevier, vol. 42(C), pages 1123-1131.
    19. Ifeoluwa Adeola Ologunde & Forget Mingiri Kapingura & Kin Sibanda, 2020. "Sustainable Development and Crude Oil Revenue: A Case of Selected Crude Oil-Producing African Countries," IJERPH, MDPI, vol. 17(18), pages 1-30, September.
    20. Yanan Wang & Wei Chen & Minjuan Zhao & Bowen Wang, 2019. "Analysis of the influencing factors on CO2 emissions at different urbanization levels: regional difference in China based on panel estimation," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 96(2), pages 627-645, March.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jecomi:v:12:y:2024:i:3:p:60-:d:1349982. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.