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On the economic determinants of biofuel consumption: an empirical analysis for OECD countries

Author

Listed:
  • Mohamed Amine Boutabba

    (EPEE - Centre d'Etudes des Politiques Economiques - UEVE - Université d'Évry-Val-d'Essonne)

  • Najid Ahmad

Abstract

This paper explores the determinants of biofuel energy consumption for 12 OECD countries over the period 2002-2012. While a growing literature has examined the determinants of aggregate renewable energy consumption, studies on the drivers of disaggregated renewable energy consumption are scarce. Thus, this study fills the gap by focusing on biofuel energy consumption for OECD countries. Results reveals that biofuel energy consumption depends on real income, CO2 emissions, oil prices and biofuel prices, however, impact of income and CO2 emissions is more pronounced than that of biofuel and oil prices. Moreover, results depict that carbon emissions affect is negative on biofuel consumption and granger causes without feedback, suggesting that biofuels are not able to mitigate carbon emissions. Based on results, it is suggested to stimulate the development and deployment of advanced biofuels. Copyright © 2017 Inderscience Enterprises Ltd.

Suggested Citation

  • Mohamed Amine Boutabba & Najid Ahmad, 2017. "On the economic determinants of biofuel consumption: an empirical analysis for OECD countries," Post-Print hal-02877958, HAL.
    • Handle: RePEc:hal:journl:hal-02877958
    DOI: 10.1504/IJGEI.2017.089612
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    Cited by:

    1. Tian, Xian-Liang & Bélaïd, Fateh & Ahmad, Najid, 2021. "Exploring the nexus between tourism development and environmental quality: Role of Renewable energy consumption and Income," Structural Change and Economic Dynamics, Elsevier, vol. 56(C), pages 53-63.
    2. Mokni, Khaled & Ben-Salha, Ousama, 2020. "Asymmetric causality in quantiles analysis of the oil-food ‏ ‏nexus since the 1960s," Resources Policy, Elsevier, vol. 69(C).
    3. Mehrab Nodehi & Abbas Assari Arani & Vahid Mohamad Taghvaee, 2022. "Sustainability spillover effects and partnership between East Asia & Pacific versus North America: interactions of social, environment and economy," Letters in Spatial and Resource Sciences, Springer, vol. 15(3), pages 311-339, December.
    4. Vahid Mohamad Taghvaee & Mehrab Nodehi & Abbas Assari Arani & Yaghoob Jafari & Jalil Khodaparast Shirazi, 2023. "Sustainability spillover effects of social, environment and economy: mapping global sustainable development in a systematic analysis," Asia-Pacific Journal of Regional Science, Springer, vol. 7(2), pages 329-353, June.

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