| Issue |
BIO Web Conf.
Volume 82, 2024
International Scientific and Practical Conference “Methods for Synthesis of New Biologically Active Substances and Their Application in Various Industries of the World Economy – 2023” (MSNBAS2023)
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|---|---|---|
| Article Number | 05002 | |
| Number of page(s) | 16 | |
| Section | Economic Aspects of the Production and Use of Biologically Active Substances | |
| DOI | https://doi.org/10.1051/bioconf/20248205002 | |
| Published online | 03 January 2024 | |
Empirical analysis of renewable and non-renewable energy resources consumption impact on economic development in Uzbekistan
1 Non-government educational institution “Mamun university”, Bolkhovuz Street, 2, 220900, Khiva, Uzbekistan
2 Urgench State University, Kh.Alimdjan Street, 14, 220100, Urgench, Uzbekistan
3 Urgench Ranch Technology University, Khonqa Street, 26, 220100, Urgench, Uzbekistan
* Corresponding author: ergash.i@urdu.uz
In this paper the association among renewable, non-renewable energy consumption and GDP growth is analyzed by using the secondary date of The World Bank and International Energy Agency for the period 1990-2021 of Uzbekistan. The paper employs the Autoregressive Distributed Lags (ARDL) model to estimate the long-run and short-run dynamic multipliers of energy consumption variables. Empirical results show that hydropower energy consumption (renewable energy) has a positive effect on GDP growth in the long term. Also, consumption of non-renewable energy resources (coal, natural gas, oil) has a positive effect on GDP growth in the short and long term. In addition, the increase in the consumption of non-renewable energy resources has a positive effect on CO2 emissions, which in turn means that the government should take measures to increase the share of renewable energy resources.
© The Authors, published by EDP Sciences, 2024
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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