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Sustainability 2015, 7(5), 5153-5170; doi:10.3390/su7055153

Sustainable Energy Development in Saudi Arabia

1
Laboratoire du Management d'Innovation et du Developpement Durable, University of Sousse, Sousse 4023, Tunisia
2
College of Administrative Sciences, Najran University, Najran 1988, Saudi Arabia
These authors contributed equally to this work.
*
Author to whom correspondence should be addressed.
Academic Editor: Marc A. Rosen
Received: 24 December 2014 / Revised: 13 April 2015 / Accepted: 21 April 2015 / Published: 27 April 2015
(This article belongs to the Section Energy Sustainability)
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Abstract

The main objective of this research is to study the role of energy consumption in economic growth in Saudi Arabia over the period of 1971–2012 using the autoregressive distributed lag (ARDL) cointegration procedure, and based on neoclassical growth, endogenous growth, and ecological-economics viewpoints. Our empirical results show the existence of a cointegrating relationship between the different variables investigated. In addition, all the inputs (conventional and non-conventional) Granger cause economic growth in both the short and long runs. Our findings confirm the energy-led growth hypothesis in the case of Saudi Arabia. Hence, energy conservation policies may deteriorate economic growth in Saudi Arabia if they are not followed by measures that improve energy efficiency, energy saving technologies and encourage the investment and use of renewable energy sources such as solar and wind energies that can participate in the attenuation of climate changes. View Full-Text
Keywords: ARDL bounds testing; energy-led growth hypothesis; Saudi Arabia ARDL bounds testing; energy-led growth hypothesis; Saudi Arabia
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This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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Belloumi, M.; Alshehry, A.S. Sustainable Energy Development in Saudi Arabia. Sustainability 2015, 7, 5153-5170.

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