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

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• 作者：Osama D. Sweidan^a ; ^{osweidan@uaeu.ac.ae" class="auth_mail" title="E-mail the corresponding author} ; Ahmed A. Alwaked^b ; ^{aalwaked@hu.edu.jo" class="auth_mail" title="E-mail the corresponding author}
• 关键词：Sustainability economics ; Energy consumption ; Human well-being ; Panel analysis ; GCC countries
• 刊名：Renewable and Sustainable Energy Reviews
• 出版年：2016
• 出版时间：March 2016
• 年：2016
• 卷：55
• 期：Complete
• 页码：1363-1369
• 全文大小：609 K

文摘

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.