2020
DOI: 10.32479/ijeep.8289
|View full text |Cite
|
Sign up to set email alerts
|

The Strategic Importance of Energy Consumption to Economic Growth: Evidence From the Uae

Abstract: Energy consumption is one of the strategic concerns for economies around the world, especially in view of depletion of natural resources which ultimately affects economic growth. Interestingly, policy makers in an oil-rich country such as the United Arab Emirates (UAE) have taken steps to bring about efficiency in energy consumption to accelerate the pace of economic growth. Therefore, the objective of the study was to test the relationship between economic growth and electricity consumption in the UAE. The da… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
2
1

Citation Types

0
4
0

Year Published

2021
2021
2024
2024

Publication Types

Select...
5
1

Relationship

0
6

Authors

Journals

citations
Cited by 6 publications
(4 citation statements)
references
References 13 publications
0
4
0
Order By: Relevance
“…Currently, studies describing the economic growth model of Alaska refute the allocation of energy resources as a development factor. It is empirically confirmed that energy resources have only an indirect impact on long-term economic growth through such a parameter as investment in fixed assets (Bekareva et al, 2018). Almost 104,000 jobs in Alaska are associated with investments and activities in the field of oil and natural gas—32% of all jobs and 35% of all wages in Alaska (Lutz, 2019).…”
Section: Research Resultsmentioning
confidence: 90%
“…Currently, studies describing the economic growth model of Alaska refute the allocation of energy resources as a development factor. It is empirically confirmed that energy resources have only an indirect impact on long-term economic growth through such a parameter as investment in fixed assets (Bekareva et al, 2018). Almost 104,000 jobs in Alaska are associated with investments and activities in the field of oil and natural gas—32% of all jobs and 35% of all wages in Alaska (Lutz, 2019).…”
Section: Research Resultsmentioning
confidence: 90%
“…Based on a report released by the UAE government in 2015, the country's daily electricity demand is approximately 20-30 kw-h. Given the continuous expanding economy, the overall energy demand is projected to grow by up to 9% annually (Alshami and Sabahm, 2020).…”
Section: Introductionmentioning
confidence: 99%
“…Energy consumption per capita is one of the significant indicators of economic development (Esen and Bayrak, 2017). In recent times, energy consumption has significantly increased in many countries due to population growth, urbanisation and increasing levels of industrialisation (Alshami and Sabah, 2019).The most widely used energy sources for the generation of electricity in many countries are fossil fuels especially coal, oil and natural gas (Yildiz, 2018). Although the production and use of environmentally friendly renewable sources have increased, fossil fuels are still of vital importance in meeting global energy needs (International Energy Agency, 2021).…”
Section: Introductionmentioning
confidence: 99%