Does Renewable Energy Matter for Economic Growth and Happiness?
Aleksandra Ostrowska,
Kamil Kotliński,
Łukasz Markowski
Abstract:This paper investigates whether renewable energy influences economic growth and happiness. Using panel data from 25 European Union countries for the period 2012–2022, this study employs a panel model for estimation with fixed and random effects, and robust HAC standard errors. According to the research results, in general, the growing share of renewable energy in the energy mix has a positive impact on economic growth and the happiness of citizens. However, detailed research has shown that this effect depends … Show more
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