Bioenergy consumption and economic growth in the EU-28region: evidence from a panel cointegration model
The purpose of this research is to examine the correlation between the bioenergy industry and economic outgrowth. This study investigates the growth hypothesis within the setting of conventional Cobb–Douglas production theory from 1990 to 2013in the EU-28 region. The authors use unit root test appro...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Springer
2020
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| Online Access: | http://psasir.upm.edu.my/id/eprint/88032/ http://psasir.upm.edu.my/id/eprint/88032/1/ABSTRACT.pdf |
| _version_ | 1848860541487939584 |
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| author | Alsaleh, Mohammed Abdul Samad, Abdul Rahim |
| author_facet | Alsaleh, Mohammed Abdul Samad, Abdul Rahim |
| author_sort | Alsaleh, Mohammed |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | The purpose of this research is to examine the correlation between the bioenergy industry and economic outgrowth. This study investigates the growth hypothesis within the setting of conventional Cobb–Douglas production theory from 1990 to 2013in the EU-28 region. The authors use unit root test approach, panel co integration analysis, cointegration assessment methods, and heterogeneous panel causality estimation analysis. The study found that bio-energy sector factors (human capital, physical capital and consumption) have a positive and significant impact on economic growth. Also, that there is a long-term stable relation among the bioenergy consumption and economic outgrowth. Heterogeneous panel causality estimations outcomes are consistent with the growth hypothesis in developed countries, feed-back hypothesis in European Union area, and neutrality hypothesis in underdeveloped countries. Reference to the panel data set, the three models’ results boost the hypothesis. Given the findings, the study derived that there is a significant influence from the bioenergy industry on economic growth in EU-28 region. |
| first_indexed | 2025-11-15T12:46:52Z |
| format | Article |
| id | upm-88032 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T12:46:52Z |
| publishDate | 2020 |
| publisher | Springer |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-880322022-05-24T07:26:38Z http://psasir.upm.edu.my/id/eprint/88032/ Bioenergy consumption and economic growth in the EU-28region: evidence from a panel cointegration model Alsaleh, Mohammed Abdul Samad, Abdul Rahim The purpose of this research is to examine the correlation between the bioenergy industry and economic outgrowth. This study investigates the growth hypothesis within the setting of conventional Cobb–Douglas production theory from 1990 to 2013in the EU-28 region. The authors use unit root test approach, panel co integration analysis, cointegration assessment methods, and heterogeneous panel causality estimation analysis. The study found that bio-energy sector factors (human capital, physical capital and consumption) have a positive and significant impact on economic growth. Also, that there is a long-term stable relation among the bioenergy consumption and economic outgrowth. Heterogeneous panel causality estimations outcomes are consistent with the growth hypothesis in developed countries, feed-back hypothesis in European Union area, and neutrality hypothesis in underdeveloped countries. Reference to the panel data set, the three models’ results boost the hypothesis. Given the findings, the study derived that there is a significant influence from the bioenergy industry on economic growth in EU-28 region. Springer 2020 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/88032/1/ABSTRACT.pdf Alsaleh, Mohammed and Abdul Samad, Abdul Rahim (2020) Bioenergy consumption and economic growth in the EU-28region: evidence from a panel cointegration model. Geo Journal, 86. pp. 1245-1260. ISSN 0343-2521; ESSN: 1572-9893 https://link.springer.com/article/10.1007/s10708-019-10124-z 10.1007/s10708-019-10124-z |
| spellingShingle | Alsaleh, Mohammed Abdul Samad, Abdul Rahim Bioenergy consumption and economic growth in the EU-28region: evidence from a panel cointegration model |
| title | Bioenergy consumption and economic growth in the EU-28region: evidence from a panel cointegration model |
| title_full | Bioenergy consumption and economic growth in the EU-28region: evidence from a panel cointegration model |
| title_fullStr | Bioenergy consumption and economic growth in the EU-28region: evidence from a panel cointegration model |
| title_full_unstemmed | Bioenergy consumption and economic growth in the EU-28region: evidence from a panel cointegration model |
| title_short | Bioenergy consumption and economic growth in the EU-28region: evidence from a panel cointegration model |
| title_sort | bioenergy consumption and economic growth in the eu-28region: evidence from a panel cointegration model |
| url | http://psasir.upm.edu.my/id/eprint/88032/ http://psasir.upm.edu.my/id/eprint/88032/ http://psasir.upm.edu.my/id/eprint/88032/ http://psasir.upm.edu.my/id/eprint/88032/1/ABSTRACT.pdf |