On the causal dynamics between renewable and non-renewable energy consumption and economic growth in developed and developing countries
By N. Apergis, James E. Payne. 2011
115 citations recorded by the source corpus.
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.
Subfields: Economics and Econometrics, Pollution, Renewable Energy, Sustainability and the Environment
View Paper: https://www.semanticscholar.org/paper/8b38048cedeab1651da7c23eb1b0d60dbb2aa8f0
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In Economics and Econometrics
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In Renewable Energy, Sustainability and the Environment
Citations in the corpus
- Renewable Energy Development as a Driver of Economic Growth: Evidence from Multivariate Panel Data Analysis (2019, methodology): “However, our findings contradict other studies such as Apergis and Payne [17–19] Salim et al. [20] and Frondel et al. [62].”
- Renewable and Nonrenewable Energy Consumption, Economic Growth, and Emissions: International Evidence (2020, methodology): “As such, we could include only 70 countries out of the 80 countries as in the study sample of Apergis and Payne (2011) due to the availability of the required data set for our variables.”