Renewable Energy and Economic Growth: Evidence from European Countries
By Stamatios Ntanos, M. Skordoulis, Grigorios L. Kyriakopoulos, G. Arabatzis, M. Chalikias, S. Galatsidas, A. Batzios, Apostolia Katsarou. Sustainability, 2018
312 citations recorded by the source corpus.
This paper aims at examining the relationship between energy consumption deriving from renewable energy sources, and countries’ economic growth expressed as GDP per capita concerning 25 European countries. The used dataset involves European countries’ data for the period from 2007 to 2016. The statistical analysis is based on descriptive statistics, cluster analysis, and autoregressive distributed lag (ARDL), and reveals that all variables are related; this suggests a correlation between the dependent variable of GDP and the independents of renewable energy sources (RES) and Non-RES energy consumption, gross fixed capital formation, and labor force in the long-run. Furthermore, the results show that there is a higher correlation between RES’ consumption and the economic growth of countries of higher GDP than with those of lower GDP. The obtained results are consistent with other papers reviewed in this study.
Subfields: Economics and Econometrics, Pollution, Renewable Energy, Sustainability and the Environment
View Paper: https://www.semanticscholar.org/paper/0173979a6f58c670719e12f139253db961c9ff72
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- Y. Bilan
- C. Nevo
- Hassan Qudrat-Ullah
- T. Vasylieva
- Dalia Streimikiene
- A. Pavlyk
- Oleksii Lyulyov
- Jarosław Brodny
In Pollution
In Renewable Energy, Sustainability and the Environment
- Y. Bilan
- C. Nevo
- Hassan Qudrat-Ullah
- T. Vasylieva
- Dalia Streimikiene
- A. Pavlyk
- Oleksii Lyulyov
- Jarosław Brodny
Citations in the corpus
- The impact of renewable energy consumption and environmental sustainability on economic growth in Africa (2021, result): “This outcome is equally true for Europe, as reported by Ntamos et al. (2018) in their study of 25 European countries.”
- Linking between Renewable Energy, CO2 Emissions, and Economic Growth: Challenges for Candidates and Potential Candidates for the EU Membership (2019, background): “The main objective of the article is to reveal the connection between the country’s GDP fluctuation and the RESs’ volume growth, considering the political and macroeconomic situation in the country.”
- Analyzing Similarities between the European Union Countries in Terms of the Structure and Volume of Energy Production from Renewable Energy Sources (2020, background): “[56] determined a correlation between the use of energy from RES and the value of GDP.”
- ardl: Estimating autoregressive distributed lag and equilibrium correction models (2018, unknown): “2 Compared with a system-based Johansen (1995) cointegration analysis, which is implemented in Stata’s vec command suite, the single-equation approach can be more efficient if the focus is on one outcome variable, in addition to the aforementioned flexibility regarding the integration orders.”