Can renewable energy drive industrial growth in developing economies? Evidence from India

IF 2.5 Q3 MANAGEMENT International Journal of Energy Sector Management Pub Date : 2022-11-08 DOI:10.1108/ijesm-09-2021-0016

Kaushik Dey, A. Dubey, Seema Sharma

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Abstract

Purpose This paper aims to focus on the contribution of segregated renewable energy (RE) sources such as solar, wind, bagasse, biomass, small hydropower (SHP) and waste to heat in driving sustainable industrial production in India. Design/methodology/approach This study uses non-linear modelling techniques such as quantile regression and the non-linear Granger causality test to explore the interplay between segregated RE generation and industrial production in India. Findings The study findings support the role of segregated RE sources generation, especially SHP and bagasse, on industrial production in India. This paper finds unidirectional non-linear Granger causality running from segregated RE sources to industrial production. Bidirectional non-linear Granger causality has been established from biomass, waste-heat to index of industrial production and vice versa, supporting an asymmetric feedback hypothesis. Research limitations/implications The study findings will aid the energy policymaker in framing policies for RE sources, especially bagasse-based and SHP generation for the sustainable industrial growth of India. Originality/value To the best of the authors’ knowledge, this is one of the first studies to explore the role of segregated RE sources generation to drive sustainable industrial growth in India using non-linear techniques.

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可再生能源能否推动发展中经济体的工业增长？来自印度的证据

本文旨在关注可再生能源(RE)，如太阳能、风能、甘蔗渣、生物质能、小水电(SHP)和废热发电在推动印度可持续工业生产方面的贡献。本研究使用非线性建模技术，如分位数回归和非线性格兰杰因果检验来探索印度隔离再生能源发电与工业生产之间的相互作用。研究结果:研究结果支持了分离资源发电，特别是SHP和甘蔗渣在印度工业生产中的作用。本文发现了从资源分离到工业生产的单向非线性格兰杰因果关系。从生物质、废热到工业生产指数之间建立了双向非线性格兰杰因果关系，反之亦然，支持非对称反馈假设。研究的局限性/意义研究结果将有助于能源政策制定者制定资源政策，特别是印度可持续工业增长的bagasse和SHP发电。原创性/价值据作者所知，这是第一批利用非线性技术探索隔离资源生产在推动印度可持续工业增长中的作用的研究之一。

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来源期刊

International Journal of Energy Sector Management MANAGEMENT-

CiteScore

6.80

自引率

22.60%

发文量

期刊介绍： The International Journal of Energy Sector Management aims to facilitate dissemination of research on issues relating to supply management (covering the entire supply chain of resource finding, extraction, production, treatment, conversion, transportation, distribution and retail supply), demand and usage management, waste management, customer and other stakeholder management, and solutions thereto. The journal covers all forms of energy (non-renewable and renewable), forms of supply (centralised or decentralised), ownership patterns (public or private, cooperative, joint, or any other), market structures (formal, informal, integrated, disintegrated, national, international, local, etc.) and degress of commoditisation (e.g. internationally traded, regionally traded, non-traded, etc.). The journal aims to cover a wide range of subjects relevant to the management of the energy sector, including but not limited to: Management of scarce resources (economic, financial, human and natural), projects, activities and concerns (e.g. regulatory, social and environmental aspects), technologies and knowledge Business strategy, policy and planning as well as decision support systems for energy sector management Business organisation, structure and environment, and changes thereto Globalisation and multi-cultural management Management of innovation, change and transition.