The Contribution of Green, Blue, and Energy Sources to Economic Development in Central Asia

Central Asia (CA) is a young integrated region formed after the collapse of the Soviet Union, with most of its infrastructure based on fossil fuels. The traditional energy and water infrastructure is facing huge inefficiency and technical losses. This study investigates the transition of the green,...

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Bibliographic Details
Published inEconomies Vol. 12; no. 9; p. 251
Main Authors Caporin, Massimiliano, Kuziboev, Bekhzod, Ibadullaev, Ergash, Khodjaniyazov, Elbek, Marty, Peter, Saidmamatov, Olimjon
Format Journal Article
LanguageEnglish
Published Basel MDPI AG 01.09.2024
Subjects
Alternative energy
Analysis
Central Asia
Economic development
Economic expansion
Economic growth
Economic indicators
energy
Energy consumption
Energy resources
GDP
green growth
Gross Domestic Product
Irrigation
Natural resources
Transition economy
Water
Asia
Aral Sea
China
Uzbekistan
Central Asia
Turkmenistan
Tajikistan
Kyrgyzstan
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Summary:Central Asia (CA) is a young integrated region formed after the collapse of the Soviet Union, with most of its infrastructure based on fossil fuels. The traditional energy and water infrastructure is facing huge inefficiency and technical losses. This study investigates the transition of the green, blue, and energy economies in Central Asia using a small-dimensional panel dataset on five countries, Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan, and Turkmenistan, over the period 1995–2018. The authors analyze the impact of ecological footprint, water withdrawal, and energy consumption on gross domestic product. In applying the Panel Vector Error Correction Model, evidence was found supporting the long-running association between variables. Furthermore, the adjustment coefficients suggest that only GDP growth will adjust toward equilibrium. Overall, the findings suggest a more effective role of green transition compared to blue and energy transitions.
ISSN:2227-7099
2227-7099
DOI:10.3390/economies12090251