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The nexus economic growth and energy poverty: Evidence from D-8 countries
(2024) Çelik, Hüseyin; Polat, Mehmet Ali
Energy is critical in production and daily activities in all economies today. Although energy is usually required for economic growth in developed economies, it is also fundamental to economic growth and growth in less developed and developing economies. In this context, this study aims to investigate the linkage between energy access and economic growth in D-8 nations. Inflation, health expenditures, and income were included in the model as control variables. The data set covers the period from 1990 to 2021 and is annual in frequency. The methodology employed includes PANIC and CIPS unit root and Durbin-Hausman co-integration tests. A co-integration relationship was found in the model, and AMG (Augmented Mean Group) was used to perform long-run coefficient estimates. After the coefficient estimation results, we found no statistically significant relationship between energy poverty and economic growth. The energy factor should be used more effectively in poverty reduction. In particular, expanding renewable energy sources will also contribute positively to sustainable growth.