The impact of electricity consumption on economic growth in terms of investment in energy infrastructure: a case study for selected developing countries
countries' access to various energy sources; It is of fundamental importance for their economic development and new research shows that there is a direct relationship between the level of development of a country and its energy consumption. Considering the limited reserves of fossil energy and the increasing level of energy consumption in the current world; It is no longer possible to rely on existing sources of energy. Non-renewable energies, which are currently the main source of energy supply in the world; Everyone has environmental pollutants and the movement of human knowledge to supply the world's energy in the future should be towards renewable energies that have a sustainable impact on economic growth. The purpose of this study was to investigate the impact of electricity consumption and investment in energy infrastructure on the economic growth of developing countries. For this purpose, the information of the period 2000-2022 was used based on the frequency of annual data. In order to investigate the relationship between variables, panel data method with fixed effects and panel vector autoregression model (PVAR) were used. The obtained results indicated that the shock in the area of electricity consumption and investment in the field of energy infrastructure led to a positive reaction of economic growth and the effect of this shock has disappeared in the long term. Also, the results obtained from the Granger causality test indicate the existence of a two-way causal relationship between the variables.
Gudarzi Farahani, Y., Mehrara, M., & Morsali Arzanagh, Z. (2023). The impact of electricity consumption on economic growth in terms of investment in energy infrastructure: a case study for selected developing countries. Journal of Energy Economics Modeling, 1(1), -. doi: 10.22080/jeem.2023.26293.1003
MLA
Yazdan Gudarzi Farahani; Mohsen Mehrara; Zoleikha Morsali Arzanagh. "The impact of electricity consumption on economic growth in terms of investment in energy infrastructure: a case study for selected developing countries". Journal of Energy Economics Modeling, 1, 1, 2023, -. doi: 10.22080/jeem.2023.26293.1003
HARVARD
Gudarzi Farahani, Y., Mehrara, M., Morsali Arzanagh, Z. (2023). 'The impact of electricity consumption on economic growth in terms of investment in energy infrastructure: a case study for selected developing countries', Journal of Energy Economics Modeling, 1(1), pp. -. doi: 10.22080/jeem.2023.26293.1003
VANCOUVER
Gudarzi Farahani, Y., Mehrara, M., Morsali Arzanagh, Z. The impact of electricity consumption on economic growth in terms of investment in energy infrastructure: a case study for selected developing countries. Journal of Energy Economics Modeling, 2023; 1(1): -. doi: 10.22080/jeem.2023.26293.1003
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