Renewable and non-renewable energy consumption-growth nexus: Evidence from a panel error correction model

Apergis, Nicholas; Payne, James E.

doi:10.1016/j.eneco.2011.04.007

Cited by 680 publications

(288 citation statements)

References 33 publications

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“…Most of the existing studies are based either on aggregated energy consumption, renewable or just nonrenewable energy consumption. Only a few studies have analyzed the impact of renewable and nonrenewable energy consumption on economic growth (Ewing et al, 2007;Sari et al, 2008;Payne, 2009;Apergis and Payne, 2011b;Bowden, 2011). However, to best of our knowledge, none of the empirical studies has focused to investigating the impact of renewable and nonrenewable energy consumption on economic growth.…”

Section: Some Mixed Resultsmentioning

confidence: 99%

Is energy consumption effective to spur economic growth in Pakistan? New evidence from bounds test to level relationships and Granger causality tests

2012

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Abstract:The present study investigates the relationship between energy (renewable and nonrenewable) consumption and economic growth using Cobb-Douglas production function in case of Pakistan over the period of 1972-2011. We have used ARDL bounds testing and Gregory and Hansen (1990) structural break cointegration approaches for long run while stationarity properties of the variables are tested applying Clemente-Montanes-Reyes (1998) structural break unit root test.Our results confirm cointegration between renewable energy consumption, nonrenewable energy consumption, economic growth, capital and labor in case of Pakistan. The findings show that both renewable and nonrenewable energy consumption add to economic growth. Capital and labour are also important determinants of economic growth. The VECM granger causality analysis validates the existence of feedback hypotheses between renewable energy consumption and economic growth, nonrenewable energy consumption and economic growth, economic growth and capital.

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Section: Some Mixed Resultsmentioning

confidence: 99%

Is energy consumption effective to spur economic growth in Pakistan? New evidence from bounds test to level relationships and Granger causality tests

2012

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“…Others authors have approached this relationship (eg. Yildirim et al ,2012;Tugcu et al ,2012;Salim and Rafiq ,2012;Menegaki ,2011;Bildirici ,2013;Pao and Fu ,2013;Apergis and Payne ,2012;Apergis and Payne,2011;Bowden and Payne ,2010;Menyah and Wolde-Rufael ,2010).…”

Section: Introductionmentioning

confidence: 99%

The Hydroelectricity Consumption and Economic Growth Nexus: A Long Time Span Analysis

Koengkan

2017

R. bras. Ener. Renov.

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The objective of this article analyzes the nexus between hydroelectricity consumption and economic growth in seven Latin American countries in the period from 1966 to 2015, using an auto-regressive distributive lag (ARDL) methodology. The results suggest the existence of feedback hypothesis in short-run, where the hydroelectricity consumption and economic growth are interrelated.Keywords: Nexus, Hydroelectricity consumption, Economic growth, Latin America, ARDL, Feedback hypothesis.

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“…However, there are few efforts [6,7,8,9,10,11,12,13,14,14] that conclude the importance of renewable energy to economic growth in various countries. Here, we will discuss briefly the findings of selected recent studies on the topic.…”

Section: Literature Reviewmentioning

confidence: 99%

Renewable energy and growth: Evidence from heterogeneous panel of G7 countries using Granger causality

Chang

Gupta

Inglesi‐Lotz

et al. 2015

Renewable and Sustainable Energy Reviews

172

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In this paper we examine the causal relationship between renewable energy consumption and economic growth across the G7 countries, using annual data for the period of 1990 to 2011.By employing the causality methodology proposed by Emirmahmutoglu and Kose (2011), we investigate if there is a causal relationship between the variables. The advantage of this methodology is that it takes into account possible slope heterogeneity and cross-sectional dependency in a multivariate panel. The empirical results support the existence of a bidirectional causal relationship between economic growth and renewable energy for the overall panel. However, looking at the individual results for each country, the neutrality hypothesis is confirmed for Canada, Italy and the US; while for France and UK there is a unidirectional causality from GDP to renewable energy, and the opposite for Germany and Japan.

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Renewable and non-renewable energy consumption-growth nexus: Evidence from a panel error correction model

Cited by 680 publications

References 33 publications

Is energy consumption effective to spur economic growth in Pakistan? New evidence from bounds test to level relationships and Granger causality tests

Is energy consumption effective to spur economic growth in Pakistan? New evidence from bounds test to level relationships and Granger causality tests

The Hydroelectricity Consumption and Economic Growth Nexus: A Long Time Span Analysis

Renewable energy and growth: Evidence from heterogeneous panel of G7 countries using Granger causality

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