The effects of electricity production on industrial development and sustainable economic growth: a VAR analysis for BRICS countries
View/ Open
Access
info:eu-repo/semantics/openAccessAttribution 4.0 Internationalhttps://creativecommons.org/licenses/by/4.0/Date
2019Metadata
Show full item recordCitation
Yu, Z., Liu, W., Chen, L., Eti, S., Dinçer, H. ve Yüksel, S. (2019). The effects of electricity production on industrial development and sustainable economic growth: a VAR analysis for BRICS countries. Sustainability, 11(21). https://doi.org/10.3390/su11215895Abstract
This study aims to evaluate the effect of electricity production on industrial development and sustainable economic growth. In this context, Brazil, Russia, India, China, and South Africa (BRICS), countries which have the highest increase in electricity production in the period of 2000-2018, are included in the scope of this study. Annual data of these variables in the period of 1991-2018 are used and three different models are created by using Vector Auto Regression (VAR) methodology. The findings state that electricity production in BRICS countries has a positive effect on both industrial production and sustainable economic growth. Hence, electricity production needs to be increased for them. For this purpose, it is important to encourage investors with tax advantages, location orientation and financing. Moreover, BRICS countries should give importance to renewable energy investments in order to increase electricity production. These issues have a contributing effect to sustainable economic growth.
WoS Q Kategorisi
Q2xmlui.dri2xhtml.METS-1.0.item-scopusquality
Q2Source
SustainabilityVolume
11Issue
21Collections
- Makale Koleksiyonu [22]
- Makale Koleksiyonu [193]
- Scopus İndeksli Yayınlar Koleksiyonu [6271]
- WoS İndeksli Yayınlar Koleksiyonu [6416]