Electric power consumption in high-income countries as catalyst for sustainable development: empirical evidence from generalized quantile regression

dc.authoridBekun, Festus Victor/0000-0003-4948-6905
dc.authoridOzdemir, Onur/0000-0002-3804-0062
dc.contributor.authorOzdemir, Onur
dc.contributor.authorBekun, Festus Victor
dc.date.accessioned2024-09-11T19:50:29Z
dc.date.available2024-09-11T19:50:29Z
dc.date.issued2023
dc.departmentİstanbul Gelişim Üniversitesien_US
dc.description.abstractThis paper investigates the nature of the effects of electric power consumption on economic growth for 41 high-income countries. It introduces a heterodox growth model, which integrates economic capabilities and economic structure into the energy consumption-economic growth nexus. The study leverages on the dynamic pooled ordinary least squares, dynamic fixed effects, system-GMM, the panel autoregressive distributed lag, and the generalized quantile regression estimations as estimation techniques. Empirical findings suggest that electric power consumption, human capital, and technological progress are positively associated with a higher rate of economic growth. Moreover, the study revealed that an increase in the level of capabilities of an economy can promote new incentives for employed people to raise their skills, and thus increases economic progress. In that sense, it is worth important to argue that the changes in the income level of any country may be reflected by the changes in the level of consumption of electric power along with the changes in the level of capabilities of an economy.en_US
dc.identifier.doi10.1007/s12053-023-10128-2
dc.identifier.issn1570-646X
dc.identifier.issn1570-6478
dc.identifier.issue5en_US
dc.identifier.scopus2-s2.0-85163062889en_US
dc.identifier.urihttps://doi.org/10.1007/s12053-023-10128-2
dc.identifier.urihttps://hdl.handle.net/11363/7636
dc.identifier.volume16en_US
dc.identifier.wosWOS:001002167800001en_US
dc.identifier.wosqualityQ2en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isoenen_US
dc.publisherSpringeren_US
dc.relation.ispartofEnergy Efficiencyen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.snmz20240903_Gen_US
dc.subjectSDGsen_US
dc.subjectElectric power consumptionen_US
dc.subjectEconomic growthen_US
dc.subjectSustainable developmenten_US
dc.subjectCapabilitiesen_US
dc.subjectPanel ARDLen_US
dc.subjectGeneralized quantile regressionen_US
dc.titleElectric power consumption in high-income countries as catalyst for sustainable development: empirical evidence from generalized quantile regressionen_US
dc.typeArticleen_US

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