Nexus between biomass energy and economic growth: evidence from the next eleven countries

In recent years, biomass energy tends to be one of the important sources of renewable energy in the world. The main objective of current research is to evaluate the impact of biomass energy on the economic growth of NEXT-11 economies. The data used in "the study is based on panel data of NEXT-11 covering the period 1990 to 2019. The included variables are GDP, biomass energy (BE) school enrollment gross ratio (SEGR; trade openness (TO; population growth (PG; and CO2 emission (CO2)." For estimation, this study applied the fully modified ordinary least square (FMOLS) and dynamic ordinary least square (DOLS) approaches. The results of FMOLS and DOLS analysis indicate a statistically significant and positive relationship among all the variables in our sample of nations. According to the findings, an increase in biomass energy use tends to positively affect economic growth. To meet the challenge of global warming, these countries need to increase their technical development and inventions as well as they need to improve biomass energy use.