Total, renewable and non-renewable energy consumption and economic growth: Revisiting the issue with an asymmetric point of view

By C. Tugcu, Mert Topcu. Energy, 2018

157 citations recorded by the source corpus.

Abstract Previous literature assumes a symmetric linkage between energy consumption and economic growth. However, a variation on energy consumption does not necessarily have the same impact on economic growth, or vice-versa. Considering this possible asymmetry between the variables, this study aims to examine the long- and short-run relationships between total, renewable and non-renewable energy consumption and economic growth in G7 countries over the period 1980–2014 by using the nonlinear autoregressive distributed lag (NARDL) and asymmetric causality approaches. Findings indicate that production function matters in determining the cointegration among the variables. The results of asymmetric and symmetric relationships and causality analyses, on the other hand, are found to be very volatile across production functions and energy proxies. When the energy consumption is measured by total energy use, however, the results provide strong support of an asymmetric relationship between energy consumption and economic growth in the long-run.

Subfields: Economics and Econometrics, Pollution, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/75f447d6c6d777b0547e9f67377f4419b228a437

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In Economics and Econometrics

1. Mehmet Pinar
2. Thanasis Stengos
3. Chaoyi Chen

In Pollution

1. Mehmet Pinar
2. Thanasis Stengos
3. Chaoyi Chen

In Renewable Energy, Sustainability and the Environment

1. Mehmet Pinar
2. Thanasis Stengos
3. Chaoyi Chen

Citations in the corpus

• Renewable energy consumption and economic growth nexus: Evidence from a threshold model (2020, methodology): “In this paper, in the line of Tugcu and Topcu (2018) findings, we will examine the potential non-linear relationship between renewable energy and economic growth based on the use of input variable where the effect of renewable energy on economic growth may vary depending on the levels of renewable e”