Scopus
🔓 Açık Erişim YÖKSİS Eşleşti
Nexus among biomass energy consumption, economic growth, and financial development: Evidence from selected 15 countries
Energy Reports · Kasım 2022
YÖKSİS Kayıtları
Nexus among biomass energy consumption, economic growth, and financial development: Evidence from selected 15 countries
ENERGY REPORTS · 2022 SCI
DOÇENT ALAADDİN SELÇUK KÖYLÜOĞLU →
Makale Bilgileri
DergiEnergy Reports
Yayın TarihiKasım 2022
Cilt / Sayfa8 · 8372-8380
Scopus ID2-s2.0-85133375189
Erişim🔓 Açık Erişim
Özet
The objective of this study is to examine the association among biomass energy consumption (BEC), economic growth (EG), and financial development (FD). For this purpose, panel data method is employed for the selected 15 countries (Cameroon, Democratic Congo, Tanzania, Nigeria, Haiti, Nepal, Togo, Mozambique, Ivory Coast, Niger, Kenya, Cambodia, Myanmar, Zimbabwe, Republic of Congo) utilizing the annual data over the period 1993–2017. The cointegration test results indicate the presence of long-run associations among the variables. Causality tests indicate bidirectional relationships among the variables. According to the causality test results, a bidirectional and positive relationship exists between FD and BEC, as well as between BEC and EG. These results support the feedback hypothesis for the selected countries. Overall results indicate that in the selected countries biomass energy investments can boost economic growth and financial development. Findings of the study yield worthy signals for policymakers. The results may serve as a guide for biomass energy usage policies, and more effective decisions can be made by assessing the impacts of biomass energy consumption on economic growth and financial development.
Yazarlar (4)
1
Mustafa Kevser
ORCID: 0000-0003-0586-1662
2
Murat Tekbaş
ORCID: 0000-0003-2589-2482
3
Mesut Dogan
4
Alaaddin Selcuk Koyluoglu
Anahtar Kelimeler
Biomass energy consumption
Economic growth
Financial development
Panel data analysis
Kurumlar
Afyon Kocatepe Üniversitesi
Afyonkarahisar Turkey
Bandırma Onyedi Eylül University
Bandirma Turkey
Selçuk Üniversitesi
Selçuklu Turkey
Metrikler
32
Atıf
4
Yazar
4
Anahtar Kelime