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Do Multi-Market Institutions and Renewable Energy Matter for Sustainable Development: A Panel Data Investigation

Author

Listed:
  • Najid Ahmad

    (Hunan University of Science and Technology)

  • Fredj Jawadi

    (University of Lille)

  • Muhammad Azam

    (University of Lahore)

Abstract

This paper measures the impact of multi-market institutions, renewable energy consumption, and infrastructure on sustainable development in 76 selected countries over the period 2000–2015. To this end, we applied a dynamic Ordinary Least Square method with fixed effects, which has the advantage of further addressing cross-section heterogeneity in the sample. Our findings contribute two significant findings to the literature. First, we point to the importance of multi-market institutions in driving sustainable development. Second, we find that renewable energy, economic and social infrastructure can boost sustainable development, while financial infrastructure has a reverse effect. This finding is useful to target the most effective drivers for sustainable development.

Suggested Citation

  • Najid Ahmad & Fredj Jawadi & Muhammad Azam, 2023. "Do Multi-Market Institutions and Renewable Energy Matter for Sustainable Development: A Panel Data Investigation," Computational Economics, Springer;Society for Computational Economics, vol. 62(4), pages 1393-1411, December.
    • Handle: RePEc:kap:compec:v:62:y:2023:i:4:d:10.1007_s10614-022-10302-1
    DOI: 10.1007/s10614-022-10302-1
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    More about this item

    Keywords

    Sustainable development; Renewable energy; Multi-market institutions; Financial infrastructure;
    All these keywords.

    JEL classification:

    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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