Re‐Unveiling the energy efficiency impact
Paving the way for sustainable growth in Asean countries
Bibliographic Data
| ID | 12305880 |
|---|---|
| Authors | Rishan Adha (0000-0002-9231-8678, Department of Statistics National Chengchi University Taipei Taiwan), Cheng‐Yih Hong (Faculty of Finance Chaoyang University of Technology Taichung Taiwan, corresponding author), Su‐Fen Yang (0000-0002-6801-6645, Department of Statistics National Chengchi University Taipei Taiwan), Syamsiyatul Muzayyanah (Department of Business Administration Chaoyang University of Technology Taichung Taiwan) |
| Year | 2024 |
| Volume | 32 |
| Issue | 5 |
| Pages | 5812-5824 |
| Publication date | 2024-04-12 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Sustainable Development (JOURNAL) |
| Journal identifiers | ISSN: 0968-0802 • E-ISSN: 1099-1719 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1002/sd.3005 |
| OpenAlex | W4394755323 |
| Language | EN |
| Citations received | 1 |
| References cited | 59 |
The Association of Southeast Asian Nations (ASEAN) heavily relies on fossil fuels to drive economic growth, making it one of the world's largest greenhouse gas emitters. Promoting energy efficiency has been proposed as a solution to mitigate this issue. However, the potential negative impact of energy efficiency on economic growth remains unclear. Therefore, this study aims to re‐evaluate the dynamic impact of overall energy efficiency on economic growth in ASEAN countries, considering climate change factors. Unlike prior studies, this research measures overall efficiency based on both persistent and transient components of energy efficiency. This study employs two key techniques: stochastic frontier analysis (SFA) to estimate the overall energy efficiency and panel vector autoregression (PVAR) to analyze the dynamic causal effects of determinants' shocks. The findings suggest that enhancing ASEAN's overall energy efficiency could result in an 85.9% reduction in total energy consumption, indicating high levels of inefficiency in the region. While extensive energy efficiency measures might induce a temporary economic contraction in ASEAN countries, the rate of decline seems to abate over the long term. This implies that the impact of the energy efficiency shock will be most prominent during initial growth stages, progressively waning over time. Additionally, this study confirms the presence of the Environmental Kuznets Curve (EKC) for climate change and economic growth
Biology · Climate change · Econometrics · Economics · Efficient energy use · Energy consumption · Greenhouse gas · Inefficiency · Kuznets Curve · Macroeconomics · Microeconomics · Natural resource economics · Panel data · Production (economics · Renewable energy · Shock (circulatory · Stochastic frontier analysis · Energy, Environment, and Transportation Policies · Energy, Environment, Economic Growth · Environmental Impact and Sustainability · Ecology
The Climate Casino
CO2 emissions, electricity consumption and output in Asean
Empirical estimates of the direct rebound effect
Dynamic and causality interrelationships from municipal solid waste recycling to economic growth, carbon emissions and energy efficiency using a novel bootstrapping autoregressive distributed lag
Testing for Cross-Sectional Dependence in Panel-Data Models
Estimation of Panel Vector Autoregression in Stata
Unit root tests for panel data
Consistent model and moment selection procedures for GMM estimation with application to dynamic panel data models
Reconsidering heterogeneity in panel data estimators of the stochastic frontier model
The Economic Impacts of Climate Change
On the estimation of technical inefficiency in the stochastic frontier production function model
New Simple Tests for Panel Cointegration
Fixed and Random Effects in Stochastic Frontier Models
General Diagnostic Tests for Cross Section Dependence in Panels
Testing for unit roots in heterogeneous panels
Panel Cointegration
Spurious regression and residual-based tests for cointegration in panel data
The impact of climate on life satisfaction
A Contribution to the Theory of Economic Growth
| Unique citing works | 1 |
|---|---|
| Citations per year | 0.5 |
| Citation span | 2024 - 2024 (1) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 1 |