Renewable energy consumption and economic growth: Evidence from a panel of OECD countries

By N. Apergis, James E. Payne. 2010

1,535 citations recorded by the source corpus.

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.

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

View Paper: https://www.semanticscholar.org/paper/ee399e3ba038f00d05119bbb98bb3ccbe51390b6

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

1. Muhammad Shahbaz
2. Ilhan Ozturk
3. Anis Omri
4. Eyup Dogan
5. Usama Al-mulali
6. Mehdi Ben Jebli
7. Avik Sinha
8. N. Apergis

In Pollution

1. Muhammad Shahbaz
2. Ilhan Ozturk
3. Anis Omri
4. Mehdi Ben Jebli
5. Slim Ben Youssef
6. Usama Al-mulali
7. N. Apergis
8. James E. Payne

In Renewable Energy, Sustainability and the Environment

1. Muhammad Shahbaz
2. Ilhan Ozturk
3. Anis Omri
4. Usama Al-mulali
5. Eyup Dogan
6. Mehdi Ben Jebli
7. N. Apergis
8. Slim Ben Youssef

Citations in the corpus

• Asymmetric impact of renewable and non-renewable energy on economic growth in Pakistan: New evidence from a nonlinear analysis (2020, background): “(Apergis and Payne, 2010) Central America 1985 – 2005 Grangercausality REC, EG REC ↔ EG”
• Renewable energy, nonrenewable energy consumption, and economic growth (2017, result): “This finding on the negative relationship between renewable energy consumption and economic growth is in contrast with the results provided by Sadorsky (2009) and Apergis and Payne (2010).”
• Renewable and nonrenewable energy consumption, trade and CO2 emissions in high emitter countries: does the income level matter? (2020, background): “Apergis and Payne (2010) confirmed the feedback hypothesis between renewable energy and income in OECD countries.”
• Renewable and non-renewable energy consumption and economic growth relationship revisited: Evidence from G7 countries (2012, background): “In this context Chontanawat et al. (2008), Narayan and Smyth (2008), Apergis and Payne (2009a), Bowden and Payne (2009), and Apergis and Payne (2010b) proved the validity of the growth hypothesis; Apergis and Payne (2010a), Belke et al. (2011), Eggoh et al. (2011), Fuinhas and Marques (2011), and…”
• The Impact of Renewable Energy Sources on Economic Growth and CO2 Emissions - a SVAR approach (2012, methodology): “Finally, Apergis and Payne (2010) studied the relationship between renewable energy consumption and economic growth for 20 OECD countries over the period 1985-2005 within a multivariate framework.”