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Renewable energy, institutional stability, environment and economic growth nexus of D-8 countries
Energy Strategy Reviews ( IF 7.9 ) Pub Date : 2020-03-29 , DOI: 10.1016/j.esr.2020.100484
Mahjabeen , Syed Z.A. Shah , Sumayya Chughtai , Biagio Simonetti

The anthropogenic impact of conventional energy sources encourages the utilization of renewable energy, as it has become a strategic commodity for economic growth. On the other hand, institutional stability is the pre-requisite without which environmental quality cannot be assured and the economy cannot function. However, in recent literature, very little consideration has been given to this important phenomenon. This study is set to analyze the energy-institutional stability-economic growth nexus, as well as the energy-institutional stability-environmental quality nexus, by incorporating the Cobb Douglas production function and the Diet and Rosa environmental function respectively. The sample consists of the D-8 countries and the time period spans 1990 to 2016. To analyze the developed models, Autoregressive Distributive Lag (ARDL), Fully Modified Ordinary Least Square (FMOLS) and Dynamic Ordinary Least Square (DOLS) tests are applied, along with other econometric techniques. The panel ARDL statistics indicate significant cointegration among all variables of both functions, while the FMOLS test reveals that consumption of both nonrenewable and renewable energy has a positive impact on economic growth, as well as on environmental degradation. Further, results indicate that institutional stability is crucial for establishing a nation on a sound footing and protecting environmental quality. Based on these results, the study suggests a blend of both types of energy and a gradual transition toward renewable energy sources, with better implementation of policies and technological advances, to produce, preserve, and transmit renewable energy production.



中文翻译:

D-8国家的可再生能源,机构稳定,环境和经济增长关系

传统能源的人为影响促使人们利用可再生能源,因为可再生能源已成为经济增长的战略商品。另一方面,体制稳定是不能保证环境质量和经济无法运转的前提。但是,在最近的文献中,很少考虑这种重要现象。本研究旨在通过分别纳入柯布·道格拉斯的生产函数和迪特和罗莎的环境函数来分析能源-机构稳定-经济增长关系以及能源-机构稳定-环境质量关系。该样本由D-8国家组成,时间跨度为1990年至2016年。为分析已开发的模型,自回归分布滞后(ARDL),应用了完全修改的普通最小二乘(FMOLS)和动态普通最小二乘(DOLS)测试以及其他计量经济学技术。小组ARDL统计数据表明,这两个功能的所有变量之间都存在显着的协整关系,而FMOLS测试表明,不可再生能源和可再生能源的消费对经济增长以及环境恶化都有积极影响。此外,结果表明,体制稳定对于建立一个稳固的基础和保护环境质量至关重要。根据这些结果,研究建议将两种类型的能源混合在一起,并逐步过渡到可再生能源,并更好地实施政策和技术进步,以生产,保存和传输可再生能源的产品。

更新日期:2020-03-29
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