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The link between energy consumption and economic growth: Evidence from transition economies (1985-2017)

Kassim, Fatima and Isik, Abdurrahman (2020): The link between energy consumption and economic growth: Evidence from transition economies (1985-2017).

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Abstract

Economies around the world are on the move to ensure sustainable economic development and a clean atmosphere through the use of renewable energy sources. The importance of energy to all human aspects has been spiking as the world keeps evolving. This has made an exciting field of research to major academicians towards providing sound measures to governments in areas of developing the society at large. Using a systematic method of literature review, this work analyses the energy trend, as well as the energy-growth nexus research, carried out in transition economies. The concluding result after the systematic review shows that (14%) of the study confirms the growth hypothesis, (54%) feedback hypothesis, (9%) neutrality hypothesis, and (23%) conservation hypothesis.

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