Biomass energy and economic growth nexus in G7 countries: Evidence from dynamic panel data

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dc.authoridBilgili, Faik -- 0000-0003-4138-6897; Ozturk, Ilhan -- 0000-0002-6521-0901
dc.contributor.authorBilgili, Faik
dc.contributor.authorÖzturk,İllhan
dc.date.accessioned12.07.201910:50:10
dc.date.accessioned2019-07-12T15:27:59Z
dc.date.available12.07.201910:50:10
dc.date.available2019-07-12T15:27:59Z
dc.date.issued2015
dc.departmentMeslek Yüksekokuluen_US
dc.descriptionWOS: 000357141900013en_US
dc.description.abstractThe purpose of this paper is to reveal the long run dynamics of biomass energy consumption and GDP growth through homogeneous and heterogeneous variance structures for G7 countries. It covers annual data from 1980 to 2009. Panel unit root analyses, panel cointegration analyses, conventional OLS and dynamic OLS analyses are run throughout homogeneous and heterogeneous variance structures of the panel data to examine the relationship. The findings show that the long run elasticities of panel real GDP data in terms of panel capital stock, panel human capital index and panel biomass consumption are significant and positive. The results confirmed the growth hypothesis in which biomass energy consumption have positive effects on economic growth of G7 countries. As a policy implication, energy policies which improve the biomass energy infrastructure and biomass supply are the appropriate options for G7 countries since biomass energy consumption increases the economic growth.en_US
dc.identifier.doi10.1016/j.rser.2015.04.098
dc.identifier.endpage138en_US
dc.identifier.issn1364-0321
dc.identifier.scopus2-s2.0-84929166453
dc.identifier.scopusqualityQ1
dc.identifier.startpage132en_US
dc.identifier.urihttps://doi.org/10.1016/j.rser.2015.04.098
dc.identifier.urihttps://hdl.handle.net/20.500.12507/569
dc.identifier.volume49en_US
dc.identifier.wosWOS:000357141900013
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherPERGAMON-ELSEVIER SCIENCE LTDen_US
dc.relation.ispartofRenewable & Sustaınable Energy Revıews
dc.relation.publicationcategoryDiğeren_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectBiomass Energy Consumptionen_US
dc.subjectGDP Growthen_US
dc.subjectHomogeneous and heterogeneous Variance Structuresen_US
dc.subjectPanel Dataen_US
dc.subjectG7en_US
dc.titleBiomass energy and economic growth nexus in G7 countries: Evidence from dynamic panel data
dc.typeReview Article

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