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The Role of Energy Consumption and Economic Growth on Human Development in Emerging (E-7) Countries: Fresh Evidence from Second-Generation Panel Data Analyses      
Yazarlar
Oktay Kızılkaya
Malatya Turgut Özal Üniversitesi, Türkiye
Prof. Dr. Oktay KIZILKAYA Prof. Dr. Oktay KIZILKAYA
Kırşehir Ahi Evran Üniversitesi, Türkiye
Gökhan Akar
Karamanoğlu Mehmetbey Üniversitesi, Türkiye
Faruk Mike
Türkiye
Özet
This study aims to examine the impacts of energy consumption and economic growth on the human development index of seven emerging countries (E-7) with high economic performance for yearly observations from 1992 to 2021. The analyses were carried out with second-generation panel data analyses: (i) Panel cointegration test with structural breaks proposed by Westerlund (2006), (ii) augmented mean group estimator recommended by Eber-hardt and Bond (2009), and (iii) Dumitrescu and Hurlin (2012) panel causality test. The empirical model also included trade openness and urbanization parameters as control variables. The panel cointegration test outcomes reveal the presence of a long-run relation among the human development index and energy consumption, economic growth, urbanization, and trade openness for all countries. Augmented mean group test outcomes signify that energy consumption, economic growth, and trade openness have positive and statistically significant impacts on the human development index, whereas urbanization does not have any statistically significant impact in the long-run. Finally, panel causality test results signify that there is a bidirectional relation between the human development index and energy consumption, economic growth, and trade openness and also a unidirectional relation from urbanization to the human development index in E-7 countries. All these findings indicate that the main macroeconomic indicators have an important role on the human development index in E-7 countries. In this context, these countries should implement a more effective and innovative economic policy for Sustainable development goals.
Anahtar Kelimeler
E-7 countries | economic growth | energy consumption | human development index | panel data estimations
Makale Türü Özgün Makale
Makale Alt Türü SSCI, AHCI, SCI, SCI-Exp dergilerinde yayımlanan tam makale
Dergi Adı PROBLEMY EKOROZWOJU
Dergi ISSN 1895-6912
Dergi Tarandığı Indeksler SSCI, SCOPUS, Curation, Essential Science Indicators, Journal Citation Reports Social Sciences, Pdf2xml, Pdf2xml, Reference Master, Sophia, Web Of Science Expanded
Dergi Grubu Q4
Makale Dili İngilizce
Basım Tarihi 01-2024
Cilt No 19
Sayı 2
Sayfalar 186 / 202
Doi Numarası 10.35784/preko.5798
Makale Linki https://ph.pollub.pl/index.php/preko/issue/view/523