Semantic Scholar Open Access 2020 492 sitasi

The effect of renewable energy consumption on economic growth: Evidence from the renewable energy country attractive index

M. Shahbaz Chandrashekar Raghutla Krishna Reddy Chittedi Zhilun Jiao X. Vo

Lihat Sumber DOI

Abstrak

The use of non-renewable resources emits a high quantity of CO2 into environment, leading to a greenhouse effect, to reduce CO2 emissions all countries have shifted to use renewable energy sources. Therefore, this study re-examines the effect of renewable energy consumption on economic growth across 38 renewable-energy-consuming countries from 1990 to 2018. The dynamic ordinary least squares (DOLS), fully modified ordinary least squares (FMOLS) and heterogeneous non-causality approaches are applied. The empirical analysis confirms the presence of a long-run relationship between renewable energy consumption and economic growth. Further, we noted that renewable energy, non-renewable energy, capital and labor have positive impact on economic growth, particularly, renewable energy consumption has a positive impact on economic growth for 58% of the sample countries. The empirical results suggest that international cooperation agencies, energy organizers, governments, and associated bodies must act together in increasing renewable energy investment for low carbon growth in most of these economies.

Topik & Kata Kunci

Economics

Penulis (5)

M. Shahbaz

Chandrashekar Raghutla

Krishna Reddy Chittedi

Zhilun Jiao

X. Vo

Format Sitasi

APA MLA BibTeX

Shahbaz, M., Raghutla, C., Chittedi, K.R., Jiao, Z., Vo, X. (2020). The effect of renewable energy consumption on economic growth: Evidence from the renewable energy country attractive index. https://doi.org/10.1016/j.energy.2020.118162

Akses Cepat

Lihat di Sumber doi.org/10.1016/j.energy.2020.118162

Informasi Jurnal

Tahun Terbit: 2020
Bahasa: en
Total Sitasi: 492×
Sumber Database: Semantic Scholar
DOI: 10.1016/j.energy.2020.118162
Akses: Open Access ✓