China Finance Review International,
Journal Year:
2025,
Volume and Issue:
unknown
Published: March 3, 2025
Purpose
This
study
examines
the
convergence
of
energy
diversification,
financial
development
and
per-capita
income
in
OECD
countries.
Design/methodology/approach
The
research
employs
club
test
to
assess
among
countries
uses
Granger
causality
tests
panel
regressions
identify
determinants
convergence,
using
data
from
1997
2021.
Findings
showed
no
overall
but
revealed
clubs
for
each
factor.
indicated
short-run
bi-directional
relationships
between
variables.
Long-run
regression
analysis
confirmed
that
technological
progress
significantly
improves
per
capita
diversification.
Additionally,
it
diversification
development,
a
uni-directional
relationship
U-shaped
effect
on
with
turning
point
at
$67,112.8
year.
Practical
implications
findings
suggest
within
club,
implementing
microeconomic
incentives
technology
diffusion
energy,
production
services
could
help
lagging
catch
up.
Originality/value
pioneers
testing
identifies
this
convergence.
Energy Reports,
Journal Year:
2022,
Volume and Issue:
8, P. 3483 - 3506
Published: March 5, 2022
In
this
article,
the
convergence
in
renewable
energy
sources
is
investigated
for
183
countries
spanning
years
2000
to
2018.
We
apply
algorithm
proposed
by
Philips
and
Sul,
use
two
measures
of
sources,
namely,
electricity
output
(%
total
output)
consumption
final
consumption).
also
investigate
dynamics
determinants/factors
possibly
driving
clubs
via
multinomial
logit
regression.
The
determinants
were
divided
into
macroeconomics,
socio-economic,
institutional
quality
factors
purpose
knowing
roles
they
play
process.
Previous
studies
have
failed
concurrently,
identify
process,
utilise
econometric
approaches
applied
achieve
objectives
study.
Hence,
contribution
At
global
level,
panel
results
reveal
that
there
nonconvergence
sources.
Given
discrepancy
challenges
many
face
around
world,
finding
unsurprising.
played
a
significant
role
likelihood
country
belonging
club
include
agricultural
value
added,
FDI,
trade
openness,
land,
ICT,
population,
quality.
Overall,
study
found
process
yet
echo
desirable
emanations
sectors/policies
sharing/moving
similar
directions,
but
narrative
appears
be
different
when
form
clubs.
