The causal nexus between biomass energy consumption and gross domestic production -ARDL approach

One of the most important economic goals of countries is fostering more economic growth; this involves the increasing usage of energy sources. Because of the limitations in non-renewable energy sources and environmental pollution caused by burning these sources, renewable energy sources have become a priority. Biomass energy is one of the new and renewable varieties of energy. This energy is more compatible with nature and the environment, and its production and supply cause little environmental pollution; also, since such energies are renewable, there is no near end for their exhaustion. Therefore, biomass energy constitutes a remarkable part of the world energy supply. Because of the importance of energy in economic growth, this study analyzed the relationship between biomass energy consumption and gross domestic production (GDP) during the ۱۹۶۷-۲۰۱۹ time period, using the autoregressive distributed lag modeling approach (ARDL).

Keywords:

Biomass energy consumption , Gross domestic production (GDP) , Auto-regressive distributed Lag modeling approach (ARDL) , Causality