Medium-and high-tech export and renewable energy consumption

Non-linear evidence from the ASEAN countries

authored by

Cong Khai Dinh, Quang Thanh Ngo, Trung Thanh Nguyen

Abstract

Sustaining economic growth while reducing dependence on fossil fuels remains a challenge for our world to fight against climate change and therefore finding a way to promote economic growth and increase renewable energy use is needed. This paper uses a 22-year panel dataset (1994– 2015) of 9 countries in the Association of Southeast Asian Nations provided by the World Bank World Development Indicators to examine the impact of medium-and high-tech export on renewable energy use. We employ a fixed-effects regression model with the Driscoll–Kraay nonparametric covariance matrix estimator to account for sectoral and temporal dependence. We also control for inflation, employment, population growth, and gross domestic product per capita in our estimations. Our results demonstrate a U-shaped association between medium-and high-tech export and renewable energy consumption of these economies. The results propose that enhancing medium-and high-tech export could be a feasible solution for promoting renewable energy consumption.

Organisation(s)

Institute of Environmental Economics and World Trade

External Organisation(s)

VNUHCM-University of Economics and Law

Type

Article

Journal

ENERGIES

Volume

14

ISSN

1996-1073

Publication date

01.08.2021

Publication status

Published

Peer reviewed

Yes

ASJC Scopus subject areas

Renewable Energy, Sustainability and the Environment, Building and Construction, Fuel Technology, Engineering (miscellaneous), Energy Engineering and Power Technology, Energy (miscellaneous), Control and Optimization, Electrical and Electronic Engineering

Sustainable Development Goals

SDG 7 - Affordable and Clean Energy, SDG 8 - Decent Work and Economic Growth, SDG 13 - Climate Action

Electronic version(s)

https://doi.org/10.3390/en14154419 (Access: Open)