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The effect of biomass energy consumption on economic growth in BRICS countries: A country-specific panel data analysis

机译:金砖国家的生物质能消耗对经济增长的影响:特定国家的面板数据分析

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摘要

In this study, the relationship between economic growth and biomass energy consumption has been examined within the framework of the production function for Brazil, Russia, India, China, and South Africa-the BRICS countries from 1992 to 2013 using the cross-sectionally augmented Im, Pesaran and Shin (CIPS) panel unit root test, the Westerlund and Edgerton bootstrap LM panel cointegration test, and the bootstrap panel causality test that allow cross-sectional dependence. The results show that the growth hypothesis is valid in Brazil and India; however, the conservation hypothesis is valid in China and South Africa. The hypothesis that applies to Russia is the feedback hypothesis. The main finding is that BRICS countries should increase the use of biomass energy consumption to sustainable environment, promoting economic growth and reducing energy dependency. (C) 2019 Elsevier Ltd. All rights reserved.
机译:在这项研究中,经济增长与生物质能源消耗之间的关系已在巴西,俄罗斯,印度,中国和南非的生产函数框架内进行了检验,金砖国家从1992年至2013年使用横截面增强的Im ,Pesaran和Shin(CIPS)面板单位根测试,Westerlund和Edgerton引导LM面板协整测试以及引导面板因果关系测试(允许截面相关)。结果表明,增长假说在巴西和印度有效。但是,保护假说在中国和南非是有效的。适用于俄罗斯的假设是反馈假设。主要发现是,金砖国家应将生物质能源消耗的利用增加到可持续环境中,促进经济增长并减少对能源的依赖。 (C)2019 Elsevier Ltd.保留所有权利。

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