On the causal dynamics between renewable and non-renewable energy consumption and economic growth in developed and developing countries
Journal article
Authors | Apergis, Nicholas and Payne, James |
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Abstract | This study extends recent work on the relationship between renewable and non-renewable energy consumption and economic growth to the case of developed and developing countries over the period 1990–2007. Heterogeneous panel cointegration procedures show a long-run equilibrium relationship between real GDP, renewable energy consumption, non-renewable energy consumption, real gross fixed capital formation, and the labor force with the respective coefficient estimates positive and statistically significant for developed and developing country panels. The results from the panel error correction models reveal bidirectional causality between renewable and non-renewable energy consumption and economic growth in the short- and long-run for each country panel. |
Keywords | Renewable and non-renewable energy consumption; Economic Growth; Panel Granger-causality |
Year | 2011 |
Journal | Energy Systems |
Publisher | Springer |
Web address (URL) | http://hdl.handle.net/10545/623596 |
http://creativecommons.org/licenses/by-nc-nd/4.0/ | |
hdl:10545/623596 | |
Publication dates | Nov 2011 |
Publication process dates | |
Deposited | 14 Mar 2019, 17:40 |
Contributors | University of Piraeus and University of South Florida Polytechnic |
File | File Access Level Open |
File | File Access Level Open |
https://repository.derby.ac.uk/item/93117/on-the-causal-dynamics-between-renewable-and-non-renewable-energy-consumption-and-economic-growth-in-developed-and-developing-countries
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