Exploring the Dynamics of Trade in Developing Countries: A Panel ARDL Analysis of Renewable Electricity, Labor Force, and Economic Factors
DOI:
https://doi.org/10.61506/01.00346Keywords:
Trade, Renewable Electricity, Gross Fixed Capital, Renewable Energy, Panel ARDL, Developing CountriesAbstract
This study looks at how important economic, environmental, and labour force variables interact with trade dynamics in emerging nations. The study examines the relationship between trade and renewable power generation, labour force participation, and economic indicators throughout the period from 2000 to 2023 using a panel Autoregressive Distributed Lag (ARDL) approach. With the exception of CO2 emissions, which show a negative correlation, the results show a strong positive association between trade and the variables under investigation. These results highlight the significance of sustainable economic development methods in promoting trade growth in poor countries and throw insight on the intricate processes influencing trade patterns.
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