Renewable and non-renewable energy consumption and economic activities: Further evidence from OECD countries

Salim, Ruhul; Hassan, Kamrul; Shafiei, Sahar

doi:10.1016/j.eneco.2014.05.001

Cited by 278 publications

(112 citation statements)

References 54 publications

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“…Furthermore, a significant body of literature analyses the relationships among electricity use, air pollution levels, and economic growth (Chandran et al, 2010;Silva et al, 2011;Bélaïd and Abderrahmani, 2013;Salim et al, 2014;Khalid, 2015). prove the existence of EKCs between economic growth, electricity consumption and CO2 emissions.…”

Section: Literature Reviewmentioning

confidence: 99%

How economic growth, renewable electricity and natural resources contribute to CO2 emissions?

et al. 2018

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This study explores the relationship between economic growth and CO2 emissions in the so-called European Union 5 (EU-5) countries (Germany, France, Italy, Spain, and the United Kingdom) for the 1985-2016 period. In doing so, we employ a carbon emission function to investigate the environmental Kuznets curve phenomenon, which describes a relationship between economic growth and environmental degradation. The empirical results confirm the existence of an N-shaped relationship between economic growth and CO2 emissions in the EU-5 countries. We incorporate additional variables such as renewable electricity consumption, trade openness, natural resource abundance, and energy innovation to augment the carbon emission function. Renewable electricity consumption, natural resources, and energy innovation improve environmental quality, while trade openness and the interaction between economic growth and renewable electricity consumption exert a positive impact on CO2 emissions. This study is novel in that it presents an interaction between economic growth and renewable electricity consumption. We also confirm the need for renewable energy regulations related to increasing renewable sources and promoting energy innovation to reduce the negative effects of energy and fossil energy resources on environmental degradation.

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Section: Literature Reviewmentioning

confidence: 99%

How economic growth, renewable electricity and natural resources contribute to CO2 emissions?

et al. 2018

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“…Lee and Chang [15] utilized panel data of 16 Asian economies from 1971 to 2002 to examine the causal interactions between energy consumption and real GDP, they found that in the long-run conservation hypothesis existed between energy consumption and GDP, but not vice versa. Taking into consideration panel heterogeneity, Akkemik and Goksal [16] examined the causality between energy consumption and GDP using panel Granger causality methodology developed by Hurlin and Venet [17], in which four different causal relationships, homogeneous (non-) causality, heterogeneous (non-) causality were presented, and so on [18][19][20].…”

Section: Literature Reviewmentioning

confidence: 99%

The Relationship between Energy Consumption and Economic Growth: Evidence from China’s Industrial Sectors

Guo

Wang

et al. 2015

Energies

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Abstract:In this article, the relationship between energy consumption and economic growth is examined from the viewpoint of China's industrial sectors. Panel data from 37 industrial sectors in China covering the period from 1998 to 2010 was used in this study. Not only first generation panel unit root tests and panel cointegration tests, but also second generation tests that account for dependence between cross-sectional units were employed. The empirical results reveal that both energy consumption and economic growth are integrated as order one, and they are cointegrated. Panel fully modified ordinary least squares estimators show that a 1% increase in energy consumption increases the real value added of industrial sectors by 0.871%, and a 1% increase in real value added of industrial sectors increases energy consumption by 1.103%. The panel vector error correction models for causality tests are estimated by a system generalized moment method. We find a unidirectional causal relation running from economic growth to energy consumption in the shortrun. In the long run, however, there is evidence of a unidirectional causality running from energy consumption to economic growth. OPEN ACCESSEnergies 2015, 8 9393

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“…Thereafter, studies considering structural breaks but not cross-sectional dependence were published [42]. Recently, most studies have been conducted using dependent panel analysis [17,22,23,[43][44][45]. Some have considered cross-sectional dependence and structural breaks simultaneously [22,23].…”

Section: Introductionmentioning

confidence: 99%

“…Recently, most studies have been conducted using dependent panel analysis [17,22,23,[43][44][45]. Some have considered cross-sectional dependence and structural breaks simultaneously [22,23]. In particular, Apergis and Payne [15] used a panel smooth transition vector error correction model (VECM), which can handle structural breaks.…”

Section: Introductionmentioning

confidence: 99%

Coal Consumption and Economic Growth: Panel Cointegration and Causality Evidence from OECD and Non-OECD Countries

Jin

Kim

2018

Sustainability

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This paper examines the relationship between coal consumption and economic growth for 30 OECD (Organisation for Economic Co-operation and Development) countries and 32 non-OECD countries for 1990-2013 using a multivariate dependent panel analysis. For the analysis, we conducted the common factor defactorization process, unit root test, cointegration test, long-run cointegrating vector, and Granger causality test. Our results suggest the following: First, there is no long-run relationship between coal consumption and economic growth in OECD countries; however, in non-OECD countries, the relationship does exist. Second, excessive coal usage may hinder economic growth in the long run. Lastly, the growth hypothesis (coal consumption affects economic growth positively) is supported in the short run for non-OECD countries. As coal consumption has a positive effect on economic growth in the short run and a negative effect in the long run, energy conservation policies may have adverse effects only in the short run. Thus, non-OECD countries should gradually switch their energy mix to become less coal-dependent as they consider climate change. Moreover, a transfer of technology and financial resources from developed to developing countries must be encouraged at a global level.

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Renewable and non-renewable energy consumption and economic activities: Further evidence from OECD countries

Abstract: Abstract

Cited by 278 publications

References 54 publications

How economic growth, renewable electricity and natural resources contribute to CO2 emissions?

How economic growth, renewable electricity and natural resources contribute to CO2 emissions?

The Relationship between Energy Consumption and Economic Growth: Evidence from China’s Industrial Sectors

Coal Consumption and Economic Growth: Panel Cointegration and Causality Evidence from OECD and Non-OECD Countries

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