The impact of renewable and nonrenewable energy consumption on economic growth: a dynamic panel data approach
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Tarih
2021
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Routledge Journals, Taylor & Francis Ltd
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
The role of energy consumption in production processes has received considerable attention from academic scholars in recent years because of the new assumptions in endogamous growth theory. Yet, the real effect of energy consumption on economic growth is still a controversial and inconclusive issue in the literature. Using a dynamic panel data technique, this study aimed to provide new insights into these issues by examining the effect of renewable and non-renewable energy consumption on economic growth in developing and developed countries for the period 2002 to 2014. The results suggest that the effect of energy consumption on economic growth varies according to the income levels of the economies concerned. While non-renewable energy consumption was positively correlated with growth in developing countries, non-renewable or renewable energy consumption was not found to have an effect on the economic performance of developed countries.
Açıklama
Anahtar Kelimeler
Economic growth, renewable energy, non-renewable energy, energy consumption, panel data
Kaynak
Asia-Pacific Journal of Accounting & Economics
WoS Q Değeri
Q4
Scopus Q Değeri
Q3
Cilt
28
Sayı
5
