Energy–Growth Nexus in the MENA Region: A Dynamic Panel Threshold Estimation

This study provides new evidence regarding the nonlinear relationship between energy consumption and economic growth in the Middle East and North Africa (MENA) region for the 1990–2014 period. The empirical estimation is conducted using a dynamic panel threshold model. We found one threshold in the...

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Autores principales:	Qusai Mohammad Qasim Alabed, Fathin Faizah Said, Zulkefly Abdul Karim, Mohd Azlan Shah Zaidi, Mohammed Daher Alshammary
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	MENA region energy consumption economic growth threshold regression analysis Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
Acceso en línea:	https://doaj.org/article/9191a82d87a242e3846057c12c28a770
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spelling	oai:doaj.org-article:9191a82d87a242e3846057c12c28a7702021-11-25T19:01:08ZEnergy–Growth Nexus in the MENA Region: A Dynamic Panel Threshold Estimation10.3390/su1322124442071-1050https://doaj.org/article/9191a82d87a242e3846057c12c28a7702021-11-01T00:00:00Zhttps://www.mdpi.com/2071-1050/13/22/12444https://doaj.org/toc/2071-1050This study provides new evidence regarding the nonlinear relationship between energy consumption and economic growth in the Middle East and North Africa (MENA) region for the 1990–2014 period. The empirical estimation is conducted using a dynamic panel threshold model. We found one threshold in the relationship between energy consumption and economic growth and one threshold in the relationship between carbon dioxide (CO<sub>2</sub>) emissions and economic growth. The results indicate that energy consumption positively and significantly affects economic growth in the low energy consumption regime. In contrast, it has a negative and significant impact on economic growth in the high energy consumption regime. Moreover, CO<sub>2</sub> emissions are positively and significantly related to economic growth in the low regime of CO<sub>2</sub> emissions. Nevertheless, the relationship between CO<sub>2</sub> emissions and economic growth in the high CO<sub>2</sub> emissions regime is negative and significant. Therefore, policymakers should implement other effective energy policies, such as stricter regulations on CO<sub>2</sub> emissions, increase energy efficiency, and replace fossil fuels with cleaner energy sources to avoid unnecessary CO<sub>2</sub> emissions and combat global warming. Future studies should identify the root causes of failures and issues in real time for inflation and link the energy–growth nexus to achieving the 2030 Sustainable Development Goals (SDGs) Agenda, Goal 7: Affordable and Clean Energy.Qusai Mohammad Qasim AlabedFathin Faizah SaidZulkefly Abdul KarimMohd Azlan Shah ZaidiMohammed Daher AlshammaryMDPI AGarticleMENA regionenergy consumptioneconomic growththreshold regression analysisEnvironmental effects of industries and plantsTD194-195Renewable energy sourcesTJ807-830Environmental sciencesGE1-350ENSustainability, Vol 13, Iss 12444, p 12444 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	MENA region energy consumption economic growth threshold regression analysis Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
spellingShingle	MENA region energy consumption economic growth threshold regression analysis Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350 Qusai Mohammad Qasim Alabed Fathin Faizah Said Zulkefly Abdul Karim Mohd Azlan Shah Zaidi Mohammed Daher Alshammary Energy–Growth Nexus in the MENA Region: A Dynamic Panel Threshold Estimation
description	This study provides new evidence regarding the nonlinear relationship between energy consumption and economic growth in the Middle East and North Africa (MENA) region for the 1990–2014 period. The empirical estimation is conducted using a dynamic panel threshold model. We found one threshold in the relationship between energy consumption and economic growth and one threshold in the relationship between carbon dioxide (CO<sub>2</sub>) emissions and economic growth. The results indicate that energy consumption positively and significantly affects economic growth in the low energy consumption regime. In contrast, it has a negative and significant impact on economic growth in the high energy consumption regime. Moreover, CO<sub>2</sub> emissions are positively and significantly related to economic growth in the low regime of CO<sub>2</sub> emissions. Nevertheless, the relationship between CO<sub>2</sub> emissions and economic growth in the high CO<sub>2</sub> emissions regime is negative and significant. Therefore, policymakers should implement other effective energy policies, such as stricter regulations on CO<sub>2</sub> emissions, increase energy efficiency, and replace fossil fuels with cleaner energy sources to avoid unnecessary CO<sub>2</sub> emissions and combat global warming. Future studies should identify the root causes of failures and issues in real time for inflation and link the energy–growth nexus to achieving the 2030 Sustainable Development Goals (SDGs) Agenda, Goal 7: Affordable and Clean Energy.
format	article
author	Qusai Mohammad Qasim Alabed Fathin Faizah Said Zulkefly Abdul Karim Mohd Azlan Shah Zaidi Mohammed Daher Alshammary
author_facet	Qusai Mohammad Qasim Alabed Fathin Faizah Said Zulkefly Abdul Karim Mohd Azlan Shah Zaidi Mohammed Daher Alshammary
author_sort	Qusai Mohammad Qasim Alabed
title	Energy–Growth Nexus in the MENA Region: A Dynamic Panel Threshold Estimation
title_short	Energy–Growth Nexus in the MENA Region: A Dynamic Panel Threshold Estimation
title_full	Energy–Growth Nexus in the MENA Region: A Dynamic Panel Threshold Estimation
title_fullStr	Energy–Growth Nexus in the MENA Region: A Dynamic Panel Threshold Estimation
title_full_unstemmed	Energy–Growth Nexus in the MENA Region: A Dynamic Panel Threshold Estimation
title_sort	energy–growth nexus in the mena region: a dynamic panel threshold estimation
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/9191a82d87a242e3846057c12c28a770
work_keys_str_mv	AT qusaimohammadqasimalabed energygrowthnexusinthemenaregionadynamicpanelthresholdestimation AT fathinfaizahsaid energygrowthnexusinthemenaregionadynamicpanelthresholdestimation AT zulkeflyabdulkarim energygrowthnexusinthemenaregionadynamicpanelthresholdestimation AT mohdazlanshahzaidi energygrowthnexusinthemenaregionadynamicpanelthresholdestimation AT mohammeddaheralshammary energygrowthnexusinthemenaregionadynamicpanelthresholdestimation
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Energy–Growth Nexus in the MENA Region: A Dynamic Panel Threshold Estimation

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