Biofuel energy consumption-economic growth relationship: an empirical investigation of Brazil

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dc.authoridAl-mulali, Usama -- 0000-0001-6431-7873; Ozturk, Ilhan -- 0000-0002-6521-0901
dc.contributor.authorAl-Mulali, Usama
dc.contributor.authorSolarin, Sakiru Adebola
dc.contributor.authorÖztürk, İlhan
dc.date.accessioned12.07.201910:50:10
dc.date.accessioned2019-07-12T15:27:54Z
dc.date.available12.07.201910:50:10
dc.date.available2019-07-12T15:27:54Z
dc.date.issued2016
dc.departmentMeslek Yüksekokuluen_US
dc.descriptionWOS: 000387076800016en_US
dc.description.abstractThis study investigates the influence of biofuel energy consumption on Brazil's economic growth during the period 1980-2012 by employing the Autoregressive Distributed Lag (ARDL) approach and the vector error correction model (VECM) Granger causality. The results revealed two structural breaks during the early 1980s due to the Latin American debt crisis as well as the early 2000s due to the worries related to the increasing global spreads. Moreover, it was found that economic growth, biofuel energy consumption, capital, urbanization, and globalization are co-integrated. Additionally, it was found that biofuel energy consumption, capital, urbanization, and globalization increase Brazil's economic growth in the short run and in the long run. However, the two structural breaks have a significant negative influence on economic growth. The vector error correction model Granger causality revealed a feedback causal relationship between all the variables (with the exception of capital). However, a unidirectional causality was concluded from capital to economic growth, biofuel energy consumption, urbanization, and globalization. From the results of this study, a number of policy implications were provided.en_US
dc.identifier.doi10.1002/bbb.1675
dc.identifier.endpage775en_US
dc.identifier.issn1932-104X
dc.identifier.issn1932-1031
dc.identifier.issue6en_US
dc.identifier.scopus2-s2.0-84992699639
dc.identifier.scopusqualityQ2
dc.identifier.startpage753en_US
dc.identifier.urihttps://doi.org/10.1002/bbb.1675
dc.identifier.urihttps://hdl.handle.net/20.500.12507/529
dc.identifier.volume10en_US
dc.identifier.wosWOS:000387076800016
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherWILEY-BLACKWELLen_US
dc.relation.ispartofBıofuels Bıoproducts & Bıorefınıng-Bıofpr
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectBiofuel Energy Consumptionen_US
dc.subjectBrazil Economic Growthen_US
dc.subjectARDL Approachen_US
dc.subjectVECM Granger Causalityen_US
dc.titleBiofuel energy consumption-economic growth relationship: an empirical investigation of Brazil
dc.typeArticle

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