Food Security Dynamics in CIVETS Countries: The Relationship Between Economic Growth and Renewable Energy Consumption
Chapter from the book:
Bal,
H.
&
Ata,
A.
Y.
(eds.)
2025.
Macroeconomic Policies and Practices in Light of New Transformations in the Economy.
Synopsis
This study examines the relationships between food security, economic growth, and renewable energy consumption in CIVETS countries (Colombia, Indonesia, Vietnam, Egypt, Türkiye, and South Africa) using panel data analysis methods based on data from the period 1990-2021. According to the Westerlund error correction model (ECM) cointegration test results, a long-term cointegration relationship was found between food security, economic growth, and renewable energy consumption. The results of the Panel Common Coefficient Estimator (CCE) show that economic growth and renewable energy consumption have a positive and significant effect on food security across the panel; at the country level, this effect is only significant for Türkiye, and Vietnam. In Indonesia, only economic growth has a significant effect on food security, while the coefficients are not statistically significant in other countries. The Juodis, Karavias & Sarafidis (JKS, 2021) Granger causality test results reveal that economic growth and renewable energy consumption together are Granger causes of food security; in the univariate analysis, however, only economic growth was found to have a significant causal relationship with food security and renewable energy consumption.
