Exploring the Causal Relationship Between Renewable Energy, Non-renewable Energy and Human Development in Saarc Region: A Pathway to Sustainable Development

Exploring the Causal Relationship Between Renewable Energy, Non-renewable Energy and Human Development in Saarc Region: A Pathway to Sustainable Development | Research Square window.SnipcartSettings = { analytics: { enabled: false } }; (function() { var accessVector = localStorage.getItem('access_vector') || ''; window.dataLayer = window.dataLayer || []; if (accessVector) { window.dataLayer.push({ user: { profile: { profileInfo: { snid: accessVector } } } }); } })(); (function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start':new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0],j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src='https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f);})(window,document,'script','dataLayer','GTM-K279D39R'); Browse Preprints In Review Journals COVID-19 Preprints AJE Video Bytes Research Tools Research Promotion AJE Professional Editing AJE Rubriq About Preprint Platform In Review Editorial Policies Our Team Advisory Board Help Center Sign In Submit a Preprint Cite Share Download PDF Research Article Exploring the Causal Relationship Between Renewable Energy, Non-renewable Energy and Human Development in Saarc Region: A Pathway to Sustainable Development Hansa Gananatha, Thilina Britto, Geethanjana Naragalpitiya, Heshan Sameera Kankanam Pathiranage This is a preprint; it has not been peer reviewed by a journal. https://doi.org/ 10.21203/rs.3.rs-6992707/v1 This work is licensed under a CC BY 4.0 License Status: Posted Version 1 posted You are reading this latest preprint version Abstract In the developing world, with the increase in Carbon Dioxide emissions and energy demand, Renewable Energy has become one of the key factors driving sustainable human development. Many of the South Asian Association of Regional Cooperation (SAARC) countries still heavily depend on non-renewable energy which limits sustainable development. This study analyzes the causal relationship between Renewable Energy consumption, Non-renewable Energy Consumption, and the Human Development Index in the SAARC regional countries. The critical literature review across Environmental Science, Economics, Engineering, and Social Sciences provided valuable insights and theoretical foundations for the study. Using the secondary data obtained, Econometric modeling is used to measure causal relationships using the Granger causality Wald Test and examine how renewable energy consumption and non-renewable energy consumption impact human development index across the SAARC Region. In addition, the Wavelet coherent technique is used to identify both short-term and long-term relationships between these variables. Moreover, our research evaluates policy recommendations that can be used to improve renewable energy consumption in the case of human development. Ultimately, our research goal is to contribute to the broader area of sustainability and development by showing the potential of renewable energy in increasing human development in the SAARC Region. Renewable Energy Non-Renewable Energy Human Development Granger Causality Wavelet Coherence SAARC Full Text Additional Declarations No competing interests reported. Supplementary Files S3AppendixDescriptivestatistics.docx S4AppendixUnitRootTest.docx S1AppendixDataSet.xlsx S6AppendixGRANGERCAUSALITYTESTRESULTS.docx S2AppendixLiteratureTable.docx S5AppendixStabilityTest.docx Cite Share Download PDF Status: Posted Version 1 posted You are reading this latest preprint version Research Square lets you share your work early, gain feedback from the community, and start making changes to your manuscript prior to peer review in a journal. As a division of Research Square Company, we’re committed to making research communication faster, fairer, and more useful. We do this by developing innovative software and high quality services for the global research community. Our growing team is made up of researchers and industry professionals working together to solve the most critical problems facing scientific publishing. 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