Renewable energy consumption and economic growth: Evidence from a panel of OECD countries
Journal article
Authors | Apergis, Nicholas and Payne, James |
---|---|
Abstract | This study examines the relationship between renewable energy consumption and economic growth for a panel of twenty OECD countries over the period 1985–2005 within a multivariate framework. Given the relatively short span of the time series data, a panel cointegration and error correction model is employed to infer the causal relationship. The heterogeneous panel cointegration test reveals a long-run equilibrium relationship between real GDP, renewable energy consumption, real gross fixed capital formation, and the labor force with the respective coefficients positive and statistically significant. The Granger-causality results indicate bidirectional causality between renewable energy consumption and economic growth in both the short- and long-run. |
Keywords | Renewable energy consumtion; Economic growth; Granger causality; Panel unit root and cointegration tests |
Year | 2010 |
Journal | Energy Policy. |
Publisher | Elsevier |
Web address (URL) | http://hdl.handle.net/10545/623604 |
http://creativecommons.org/licenses/by-nc-nd/4.0/ | |
hdl:10545/623604 | |
Publication dates | Jan 2010 |
Publication process dates | |
Deposited | 14 Mar 2019, 17:43 |
Contributors | University of Piraeus and Illinois State University |
File | File Access Level Open |
File | File Access Level Open |
https://repository.derby.ac.uk/item/9399q/renewable-energy-consumption-and-economic-growth-evidence-from-a-panel-of-oecd-countries
Download files
208
total views0
total downloads5
views this month0
downloads this month