Economic development and the energy intensity of human well-being: Evidence from the GCC countries

Osama D. Sweidan, Ahmed A. Alwaked

Research output: Contribution to journalReview articlepeer-review

31 Citations (Scopus)

Abstract

This paper empirically investigates the effect of economic development on the energy intensity of human well-being (EIWB) in the Gulf Cooperation Council (GCC) during the period (1995-2012). We employ a time-series cross-sectional Prais-Winsten regression model with panel-corrected standard errors (PCSE). We conclude that economic development has had a significant positive impact on EIWB during the period (1995-2012). The results indicate that the stress on the environment had increased in a noticeable manner from 1995 until 2006. However, over the period 2007-2012, the stress went back to the level observed in 1995. This observation is unfortunate from the perspective sustainable economics.

Original languageEnglish
Pages (from-to)1363-1369
Number of pages7
JournalRenewable and Sustainable Energy Reviews
Volume55
DOIs
Publication statusPublished - Mar 2016

Keywords

  • Energy consumption
  • GCC countries
  • Human well-being
  • Panel analysis
  • Sustainability economics

ASJC Scopus subject areas

  • Renewable Energy, Sustainability and the Environment

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