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Energy Security, Renewable, non-renewable energy and economic growth in ASEAN economies: New insights

Nepal, R ORCID: 0000-0001-9378-6206 and Musibau, HO 2019 , 'Energy Security, Renewable, non-renewable energy and economic growth in ASEAN economies: New insights' , The Singapore Economic Review , pp. 1-32 , doi: 10.1142/S0217590819430045.

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Abstract

This study examines the linkages between energy security (ES), renewable and non-renewableenergy on economic growth for ASEAN countries within a neo-classical growth framework. Theeconometric techniques account for cross-sectional dependence and structural breaks by undertakinga dynamic common correlation effect analysis unlike previous studies. The study finds a long-runrelationship between ES, renewable, non-renewable energy and economic growth for ASEANeconomies between 1980 and 2018. Our results also confirm a feedback relationship between renewableenergy and economic growth in the ASEAN. Thus, the ASEAN governments must prioritizerenewable energy funding and investments. The results are robust to different estimations andmethods.

Item Type: Article
Authors/Creators:Nepal, R and Musibau, HO
Keywords: energy security, renewable, non-renewable energy and economic growth
Journal or Publication Title: The Singapore Economic Review
Publisher: World Scientific Publishing Co. Pte. Ltd.
ISSN: 0217-5908
DOI / ID Number: 10.1142/S0217590819430045
Copyright Information:

Copyright 2019 World Scientific Publishing Company

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