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Public Debt Energy Consumption Nexus

Author

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  • Engy Raouf

    (Faculty of Commerce and Business Administration, Helwan University, Egypt.)

Abstract

As energy demand has risen and continues to rise, a growing body of research examines the impact of a variety of factors on energy use, including economic development, price changes, and international trade. The public debt energy consumption nexus, on the other hand, has received little attention. This study looks at the effect of government debt on both renewable and nonrenewable energy usage in 17 OECD countries from 1980 to 2020. Using the Generalized Least Square (GLS) panel data estimation method and Panel Quantile Regression (PQR), this paper finds that public debt has a favorable influence on the utilization of renewable energy and a detrimental influence on the use of non-renewable energy. It can be noticed from the PQR that all variables have more favorable impacts on renewable and nonrenewable energy usage at higher quantiles.

Suggested Citation

  • Engy Raouf, 2022. "Public Debt Energy Consumption Nexus," International Journal of Energy Economics and Policy, Econjournals, vol. 12(5), pages 146-151, September.
    • Handle: RePEc:eco:journ2:2022-05-18
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    References listed on IDEAS

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    Cited by:

    1. Muhumuza Ezra Rubanda & Livingstone Senyonga & Mohammed Ngoma & Muyiwa S. Adaramola, 2022. "Electricity Trading in Energy Market Integration: A Theoretical Review," Energies, MDPI, vol. 16(1), pages 1-31, December.
    2. Ghada H. Ashour & Mohamed Noureldin Sayed, 2024. "The Role of Renewable Energy Consumption in Targeting Debt Sustainability in African and MENA Region Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 14(1), pages 393-400, January.
    3. Auteri, Monica & Mele, Marco & Ruble, Isabella & Magazzino, Cosimo, 2024. "The double sustainability: The link between government debt and renewable energy," The Journal of Economic Asymmetries, Elsevier, vol. 29(C).

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    More about this item

    Keywords

    Public debt; renewable energy consumption; non-renewable energy consumption; panel quantile regression; Generalized Least Squares; OECD countries;
    All these keywords.

    JEL classification:

    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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