Impact of energy infrastructure investments on renewable electricity generation in major Asian developing economies

IF 1.2 4区 经济学 Q3 ECONOMICS
Yuegang Song, Umer Shahzad, Sudharshan Reddy Paramati
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引用次数: 3

Abstract

The prime objective of this research is to empirically investigate the impact of energy infrastructure investments (public-private-partnership) on renewable electricity generation in major Asian developing economies (China, India, Indonesia, Malaysia, Pakistan, the Philippines, and Thailand). In doing so, we use the annual data of variables from 1993 to 2017. To achieve the study objective, the authors employ numerous panel econometric approaches such as the Grouped-Mean and Augmented Mean Group estimators. The overall conclusion of the findings is that investments in energy infrastructure play a significant role in promoting renewable electricity generation in Asian developing economies. The results also reveal that financial development, economic development, and openness further rise renewable electricity generation. Based on the findings, the authors attempted to provide novel implications for the promotion of energy infrastructure investments and sustainable development policies for the Asian developing economies. For instance, the authors suggest that governments and policy makers should realise the significance of greener energy and promote investments via public-private partnerships for renewable energy projects.

能源基础设施投资对亚洲主要发展中经济体可再生能源发电的影响
本研究的主要目的是实证调查能源基础设施投资(公私合作)对亚洲主要发展中经济体(中国、印度、印度尼西亚、马来西亚、巴基斯坦、菲律宾和泰国)可再生能源发电的影响。为此,我们使用了1993年至2017年的年度变量数据。为了实现研究目标,作者采用了许多面板计量经济学方法,如分组均值和增广均值组估计器。研究结果的总体结论是,能源基础设施投资在促进亚洲发展中经济体的可再生能源发电方面发挥着重要作用。结果还表明,金融发展、经济发展和开放进一步提高了可再生能源发电量。基于这些发现,作者试图为促进亚洲发展中经济体的能源基础设施投资和可持续发展政策提供新的含义。例如,这组作者建议,政府和决策者应该认识到绿色能源的重要性,并通过公私伙伴关系促进可再生能源项目的投资。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
3.20
自引率
5.30%
发文量
36
期刊介绍: Australian Economic Papers publishes innovative and thought provoking contributions that extend the frontiers of the subject, written by leading international economists in theoretical, empirical and policy economics. Australian Economic Papers is a forum for debate between theorists, econometricians and policy analysts and covers an exceptionally wide range of topics on all the major fields of economics as well as: theoretical and empirical industrial organisation, theoretical and empirical labour economics and, macro and micro policy analysis.
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