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The impact of renewable energy on economic well-being of Malaysia: fresh evidence from auto regressive distributed lag bound testing approach


Haseeb, Muhammad and Zainal Abidin, Irwan Shah and Muhammad Adnan Hye, Qazi and Hartani, Nira Hariyatie (2019) The impact of renewable energy on economic well-being of Malaysia: fresh evidence from auto regressive distributed lag bound testing approach. International Journal of Energy Economics and Policy, 9 (1). pp. 269-275. ISSN 21464553

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Abstract

This present study examines the role of renewable energy in influencing economic well-being in Malaysia. We used annual data over the period of 1980 to 2016 in order to apply recent econometrics. The study used renewable energy and economic growth as a proxy of economic well-being to examine the long run connection between renewable energy and economic well-being. The results of ARDL bound testing approach confirm the valid long-term connection among renewable energy and economic well-being in Malaysia. Furthermore, the results indicate that renewable energy have significant and positive impact on economic well-being in short and long run. It is therefore recommended that the policymakers are required to focus on the green energy generation sector by increasing renewable energy production from the existing sources.

Item Type: Article
Uncontrolled Keywords: Renewable Energy, Economic Well-being, Auto Regressive Distributed Bound Testing, Malaysia
Subjects: H Social Sciences > HC Economic History and Conditions
Divisions: School of Economics, Finance & Banking
Depositing User: Mrs. Norazmilah Yaakub
Date Deposited: 28 Aug 2019 02:58
Last Modified: 28 Aug 2019 02:58
URI: http://repo.uum.edu.my/id/eprint/26323

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