Vol. 12 No. 3 (2024): Business & Management Studies: An International Journal
Articles

The nexus economic growth and energy poverty: Evidence from D-8 countries

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  • Hüseyin Çelik,
  • Mehmet Ali Polat
Hüseyin Çelik
Assist. Prof. Dr., Dicle University, Faculty of Economics and Administrative Sciences Department of Economics, Diyarbakır, Türkiye
Mehmet Ali Polat
Assoc. Prof. Dr., Uludag University, Faculty of Economics and Administrative Sciences Department of Economics, Bursa, Türkiye

Published 2024-09-25

Keywords

  • Enerji Yoksulluğu, Ekonomik Kalkınma, Durbin-Hausman, Enerji Erişimi, D-8 Ülkeleri
  • Energy Poverty, Economic Growth, Durbin -Hausman, Energy Access, D-8 Countries

How to Cite

The nexus economic growth and energy poverty: Evidence from D-8 countries. (2024). Business & Management Studies: An International Journal, 12(3), 663-673. https://doi.org/10.15295/bmij.v12i3.2402

Copyright (c) 2024 Hüseyin Çelik- Mehmet Ali Polat

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

How to Cite

The nexus economic growth and energy poverty: Evidence from D-8 countries. (2024). Business & Management Studies: An International Journal, 12(3), 663-673. https://doi.org/10.15295/bmij.v12i3.2402

Abstract

Energy is critical in production and daily activities in all economies today. Although energy is usually required for economic growth in developed economies, it is also fundamental to economic growth and growth in less developed and developing economies. In this context, this study aims to investigate the linkage between energy access and economic growth in D-8 nations. Inflation, health expenditures, and income were included in the model as control variables. The data set covers the period from 1990 to 2021 and is annual in frequency. The methodology employed includes PANIC and CIPS unit root and Durbin-Hausman co-integration tests. A co-integration relationship was found in the model, and AMG (Augmented Mean Group) was used to perform long-run coefficient estimates. After the coefficient estimation results, we found no statistically significant relationship between energy poverty and economic growth. The energy factor should be used more effectively in poverty reduction. In particular, expanding renewable energy sources will also contribute positively to sustainable growth.

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