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Energy Security, Renewable, Non-Renewable Energy And Economic Growth In Asean Economies: New Insights

Author

Listed:
  • RABINDRA NEPAL

    (School of School of Accounting, Economics and Finance, University of Wollongong, Northfields Ave Wollongong, NSW 2522, Australia)

  • HAMMED OLUWASEYI MUSIBAU

    (University of Tasmania, Australia)

Abstract

This study examines the linkages between energy security (ES), renewable and non-renewable energy on economic growth for ASEAN countries within a neo-classical growth framework. The econometric techniques account for cross-sectional dependence and structural breaks by undertaking a dynamic common correlation effect analysis unlike previous studies. The study finds a long-run relationship between ES, renewable, non-renewable energy and economic growth for ASEAN economies between 1980 and 2018. Our results also confirm a feedback relationship between renewable energy and economic growth in the ASEAN. Thus, the ASEAN governments must prioritize renewable energy funding and investments. The results are robust to different estimations and methods.

Suggested Citation

  • Rabindra Nepal & Hammed Oluwaseyi Musibau, 2021. "Energy Security, Renewable, Non-Renewable Energy And Economic Growth In Asean Economies: New Insights," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 66(02), pages 457-488, March.
    • Handle: RePEc:wsi:serxxx:v:66:y:2021:i:02:n:s0217590819430045
    DOI: 10.1142/S0217590819430045
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    Citations

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    Cited by:

    1. Jacek Strojny & Anna Krakowiak-Bal & Jarosław Knaga & Piotr Kacorzyk, 2023. "Energy Security: A Conceptual Overview," Energies, MDPI, vol. 16(13), pages 1-35, June.
    2. Chen, Shiu-Sheng & Lin, Tzu-Yu, 2024. "Monetary policy and renewable energy production," Energy Economics, Elsevier, vol. 132(C).
    3. Yang, Zheng & Zhan, Jinyan, 2024. "Examining the multiple impacts of renewable energy development on redefined energy security in China: A panel quantile regression approach," Renewable Energy, Elsevier, vol. 221(C).

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