The impact of urbanization on energy intensity: Panel data evidence considering cross-sectional dependence and heterogeneity

The paper, later, observes additional explanatory variables of export, renewable energy consumption and nonrenewable energy consumption, and, concludes that (i) the urbanization variable has significant influences on energy intensity in the short-run and long-run, (ii) despite the some differences in cross-sectional estimations, the Asian panel data, overall, yield negative impact of urbanization on energy intensity. The latter output indicates that the urbanization path increases the energy productivity in Asian panel models. Within this scope, the paper presents some policy proposals related to the reduction of energy intensity in Asia.