IJFANS International Journal of Food and Nutritional Sciences

ISSN PRINT 2319 1775 Online 2320-7876

Biomass Energy and Economic Growth

Main Article Content

Gyan Prakash Singh

Abstract

Using the Autoregressive Distributed Lag Bounds Testing (ARDL) method of co integration and error correction models, this paper examines the short- and long-run causality analyses between biomass energy use and economic development in the chosen 10 developing and rising nations. From 1980 through 2009, it has yearly statistics. The co integration test findings indicate that nine of the ten nations (Argentina, Bolivia, Cuba, Costa Rica, El Salvador, Jamaica, Nicaragua, Panama, Paraguay, and Peru) have cointegration between biomass energy use and economic development. The findings of the cointegration test indicate that in one of the 10 nations, there is no correlation between biomass energy use and economic development. Direct or indirect consumption of biomass energy is possible. Direct consumption is the conventional way of using biomass energy, and it entails a combustion process such as cooking. Industrial processes, and space heating Consumption via a third part the more sophisticated processes are contemporary consumption and the process of turning biomass into secondary energy. As a result, as the economy grows, so does business energy use. The use of electricity has grown commonplace, and older methods have been abandoned. The amount of biomass energy used reduces. During the time when coupled with increasing urbanization and industrialisationeconomic growth, and the shift away from conventional energy sources Compared to commercial fossil fuels, biomass energy consumption is higher. The pace of energy consumption has increased, as has the penetration of renewable energy sources. In certain nations, commercial fossil fuels have resulted in a decrease in the number of people. Conventional biomass energy use as a percentage.

Article Details