Energy Consumption, Economic Growth &amp; Environmental Quality: A Causal Relationship Revisited for the Bangladesh Economy

Amin, Sakib Bin; Morshed, Akm Mahbub; Porna, Aroni Kabita

doi:10.21102/irbrp.2016.09.122.12

Cited by 1 publication

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“…• The first perspective asserts that energy is a production input, creating a causal link between energy consumption and economic expansion (Stern and Cleveland, 2004) • According to a second viewpoint, economic expansion has an adverse impact on energy consumption since the causal relationship is reversible (Aziz, 2011;Toman and Jemelkova, 2003) • The third perspective holds that the link is bidirectional, meaning that both economic growth and energy consumption are impacted by one other (Aziz, 2011).…”

Section: Introductionmentioning

confidence: 99%

Analyzing the Relationship between Renewable Energy Sources, Economic Growth and Energy Consumption in Greece

Huseynli

2024

IJEEP

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Renewable energy sources are one of the important economic factors of today. Energy resources have a great place for economic growth. There are many types of renewable energy sources, each of which is one of the indispensable elements for the development and development of countries. In this study, which measures the importance of energy consumption within the scope of economic growth and renewable energy, the effects of renewable energy sources and economic growth on energy consumption are investigated. In the study, the relationship between renewable energy sources, economic growth and energy consumption was examined by making panel cointegration analysis for Greece between 1997-2015. According to the results of the analysis, the panel data model established is significant at the 95% level. The independent factors explain 78% of the dependent variable's variation, according to R2. Energy consumption and renewable energy consumption were negatively correlated. A significant and positive relationship was found between economic growth and energy consumption at the 95% confidence level. An 1% increase in economic growth will increase energy consumption by about 15%. This result obtained because of the estimation also supports the theoretical expectation.

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Section: Introductionmentioning

confidence: 99%

Analyzing the Relationship between Renewable Energy Sources, Economic Growth and Energy Consumption in Greece

Huseynli

2024

IJEEP

View full text Add to dashboard Cite

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Energy Consumption, Economic Growth & Environmental Quality: A Causal Relationship Revisited for the Bangladesh Economy

Cited by 1 publication

References 0 publications

Analyzing the Relationship between Renewable Energy Sources, Economic Growth and Energy Consumption in Greece

Analyzing the Relationship between Renewable Energy Sources, Economic Growth and Energy Consumption in Greece

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