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Understanding the Methodological Approaches of Endogeneity Issues in Recent Studies on Energy Consumption and Its Determinants

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  2. Economics, Finance, Business & Management
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  4. Vol. 69, Issue 1
  5. pp. 25–47

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Trinh, H., Ngo, T., Le, T. Understanding the Methodological Approaches of Endogeneity Issues in Recent Studies on Energy Consumption and Its Determinants. Applied Economics Quarterly, 69(1), 25-47. https://doi.org/10.3790/aeq.2023.1467403
Trinh, Hai Hong; Ngo, Thanh and Le, Tu "Understanding the Methodological Approaches of Endogeneity Issues in Recent Studies on Energy Consumption and Its Determinants" Applied Economics Quarterly 69.1, 2023, 25-47. https://doi.org/10.3790/aeq.2023.1467403
Trinh, Hai Hong/Ngo, Thanh/Le, Tu (2023): Understanding the Methodological Approaches of Endogeneity Issues in Recent Studies on Energy Consumption and Its Determinants, in: Applied Economics Quarterly, vol. 69, iss. 1, 25-47, [online] https://doi.org/10.3790/aeq.2023.1467403
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Understanding the Methodological Approaches of Endogeneity Issues in Recent Studies on Energy Consumption and Its Determinants

Trinh, Hai Hong | Ngo, Thanh | Le, Tu

Applied Economics Quarterly, Vol. 69(2023), Iss. 1 : pp. 25–47 | First published online: December 18, 2025

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Publisher Name
Duncker & Humblot
DOI
https://doi.org/10.3790/aeq.2023.1467403
Language
German
Pages
23
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Author Details

School of Economics and Finance, Massey Business School, Massey University, Palmerston North, 4442, New Zealand.

Corresponding author. School of Aviation, Massey Business School, Massey University, Palmerston North, 4442, New Zealand and University of Economics and Businesses, Vietnam National University, Hanoi, Vietnam.

University of Economics and Law, Ho Chi Minh City, Vietnam and Vietnam National University, Ho Chi Minh City, Vietnam.

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Abstract

Understanding the Methodological Approaches of Endogeneity Issues in Recent Studies on Energy Consumption and Its Determinants

This paper examined the econometric approaches used to address endogeneity issues in modelling energy consumption (EC) and renewable energy consumption (REC). The authors conducted a comprehensive review of relevant articles published during the 2018–2022 period and identified 28 studies that employed various econometric methods. These methods include Autoregressive Distributed Lag (ARDL), generalized methods of moments (GMM), and combinations of approaches like ARDL, vector error correction model (VECM), dynamic ordinary least squares (DOLS), and fully modified ordinary least squares (FMOLS). It highlights the use of dynamic generalized method of moments (GMM) estimators with panel data as a dominant approach in recent studies on energy consumption. This paper contributes to empirical studies on EC/REC given endogeneity issues, facilitating informed decision-making for sustainable energy development.

Table of Contents

Section Title Page Action Price
Hai Hong Trinh / Thanh Ngo / Tu Le: Understanding the Methodological Approaches of Endogeneity Issues in Recent Studies on Energy Consumption and Its Determinants 25
Abstract 25
1. Introduction 25
2. Literature review 29
3. Concluding remarks 41
References 42

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