Powering Asia’s Future: How Energy Infrastructure Investments Drive Renewable Energy Growth in Developing Economies
Abstract
The current study aimed to assess and compare the impacts of energy infrastructure investment on renewable electricity production in Asia’s growing nations (China, India, Indonesia, Malaysia, Pakistan, the Philippines, and Thailand) using Public Private Partnership (PPP). The study used annual data from 1993 through 2017. To do this, specific panel econometric methods were employed: Augmented Mean Group (AMG) and Grouped-Mean Group Estimators (GMGE). The findings in H1 suggest that the impacts of improved energy infrastructure are greater in increasing the production of renewable electricity in developing Asian nations. Additionally, it was also determined that Financial Development (FD), economic expansion, and openness increase the volume of renewable electricity production. Furthermore, the authors suggested new ways in which the investment of energy infrastructure might be encouraged by development agencies and present models for sustainable development in developing Asian nations. For instance, the governmental and private sectors’ collaboration towards the construction of cost-effective green energy and renewable energy sources, that are not renewable, would provide tangible steps towards renewable energy.
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Copyright (c) 2024 Jameel Ahmed Khan, Imam Uddin, Nayeem Ul Hassan Ansari
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