Renewable Energy, Output, CO2 Emissions, and Fossil Fuel Prices in Central America: Evidence From a Nonlinear Panel Smooth Transition Vector Error Correction Model
By N. Apergis, James E. Payne. 2014
467 citations recorded by the source corpus.
This study examines the determinants of renewable energy consumption per capita for a panel of seven Central American countries over the period 1980 to 2010. Specifically, we find that a long-run cointegrated relationship exists between renewable energy consumption per capita, real GDP per capita, carbon emissions per capita, real coal prices, and real oil prices with the respective coefficients positive and statistically significant. A structural break in the cointegrating relationship appears in 2002 which coincides with the establishment of the Energy and Environment Partnership with Central America initiative to expand the use of renewable energy sources. Recognizing the regime shift in 2002, we estimate a nonlinear panel smooth transition vector error correction model to show that for the post-2002 period, the influence of renewable energy consumption per capita upon real coal and oil prices strengthened relative to the pre-2002 period as well as a greater sensitivity of real GDP per capita to carbon emissions per capita.
Subfields: Economics and Econometrics, Renewable Energy, Sustainability and the Environment
View Paper: https://www.semanticscholar.org/paper/f6d4c22da72d8ba62edecbb5c3077c10729b75c0
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
- Muhammad Shahbaz
- Ilhan Ozturk
- Avik Sinha
- Mehdi Ben Jebli
- Russell Smyth *
- N. Apergis
- George Filis
- Ruhul Salim
In Renewable Energy, Sustainability and the Environment
- Muhammad Shahbaz
- Ilhan Ozturk
- Mehdi Ben Jebli
- Avik Sinha
- Russell Smyth *
- N. Apergis
- Ruhul Salim
- James E. Payne
Citations in the corpus
- The effects of environmental innovations on CO2 emissions: Empirical evidence from Europe (2021, background): “Further, existing works have also examined the link between economic growth, energy demand, and environmental pollution (Belaïd and Zrelli, 2019; Belaïd and Youssef, 2017; Apergis and Payne, 2014).”
- Renewable Energy, Output, Carbon Dioxide Emissions, and Oil Prices: Evidence from South America (2015, background): “…extends the recent research on the determinants of renewable energy consumption by Sadorsky (2009a,b), Payne (2012), Salim and Rafiq (2012), and Apergis and Payne (2014) to the case of Address correspondence to J. E. Payne, Dean, J. Whitney Bunting College of Business, Georgia College & State…”
- How do oil prices, macroeconomic factors and policies affect the market for renewable energy? (2017, background): “Apergis and Payne [18] Apergis and Payne [19]”