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Economic development and the energy intensity of human well-being: Evidence from the GCC countries

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  • Sweidan, Osama D.
  • Alwaked, Ahmed A.

Abstract

This paper empirically investigates the effect of economic development on the energy intensity of human well-being (EIWB) in the Gulf Cooperation Council (GCC) during the period (1995–2012). We employ a time-series cross-sectional Prais–Winsten regression model with panel-corrected standard errors (PCSE). We conclude that economic development has had a significant positive impact on EIWB during the period (1995–2012). The results indicate that the stress on the environment had increased in a noticeable manner from 1995 until 2006. However, over the period 2007–2012, the stress went back to the level observed in 1995. This observation is unfortunate from the perspective sustainable economics.

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  • Sweidan, Osama D. & Alwaked, Ahmed A., 2016. "Economic development and the energy intensity of human well-being: Evidence from the GCC countries," Renewable and Sustainable Energy Reviews, Elsevier, vol. 55(C), pages 1363-1369.
    • Handle: RePEc:eee:rensus:v:55:y:2016:i:c:p:1363-1369
    DOI: 10.1016/j.rser.2015.06.001
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