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Time-Frequency Co-Movements Between Biomass Energy Consumption and Human Development in Brics Countries
被引:4
|作者:
Ngo Thai Hung
[1
]
机构:
[1] Univ Finance Mkt, Fac Econ & Law, Ho Chi Minh City, Vietnam
来源:
关键词:
biomass energy;
human development;
BRICS countries;
wavelet analysis;
sustainable development;
ECONOMIC-GROWTH;
FRESH EVIDENCE;
POLICY;
D O I:
10.35784/pe.2022.1.18
中图分类号:
X [环境科学、安全科学];
学科分类号:
08 ;
0830 ;
摘要:
This paper aims to investigate the influence of biomass energy consumption on human development in BRICS countries in the frequency-time domain using the wavelet frameworks. Specifically, the wavelet coherency method of Rua (2013) and the wavelet-Granger causality test of Olayeni (2016) are utilized to quantify the strength and direction of causal relationships through time and across various frequencies simultaneously. The empirical findings uncovered that the causal linkages between human development and biomass energy consumption in the BRICS countries are not homogeneous in different time and frequency scales. We also discover the strong relationship between the two variables in China, Russia, Brazil, and South Africa after the global financial crisis 2008 at low and medium frequencies, while this connection is somewhat low in India over the sample period. This study suggests the importance of biomass energy for human development in BRICS countries.
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页码:196 / 210
页数:15
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