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

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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 |
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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 |
Item Statistics: | View statistics for this item |
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