Energy and Economic Development

Energy as one of the main inputs of production has a special status in the economic developmentof any country. Macro indicators of energy economics are used to optimize and improve methodsfor exploiting the resources and processes of processing, conversion and transmission of energy,comparing the status of countries in terms of energy consumption, and the effectiveness of thisproduction factor on economic development. In this study, using panel data, we have examinedthe effect of index of energy intensity on human development index in selected countries in theMiddle East (Bahrain, Saudi Arabia, Iran, Iraq, Turkey, Oman, Yemen, Syria, UAE, Lebanon,Kuwait, and Qatar) during 2222-2212. The results show the positive effect of energy intensity onhuman development index and by increasing energy intensity, economic development of thecountries will improve. Moreover, gross domestic product (GDP), labor, capital, and the share ofindustry from production have a positive effect on human development index.

Keywords:

human development , energy , GDP , economic growth , panel data