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

Destek, Mehmet Akif (2017): Biomass energy consumption and economic growth: Evidence from top 10 biomass consumer countries. Published in: Energy Sources, Part B: Economics, Planning, and Policy , Vol. 12, No. 10 (8 May 2017): pp. 853-858.

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Biomass; energy consumption; economic growth; dependency; heterogeneity; bootstrap causality
• Subjects: Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q4 - Energy > Q43 - Energy and the Macroeconomy

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