Renewable Energies and Economic Development: Evidences of Study in Panel

Abstract

Purpose -This article sought to investigate possible relationships between the development of renewable energies and some economic and financial indicators of a selected group of countries. The knowledge of these relationships becomes important to understand the process of growth and development of renewable energies around the world.Design/methodology/approach -The article discusses the possibilities represented by renewable energies; presents hypotheses of possible relationships between the development of some renewable energies sources and economic and financial indicators of a group of countries; allows greater understanding of the economic and financial process associated with the recent development of renewable energies.Findings -With data collected of the generation of sources of renewable energy and economic and financial indicators of various countries, it was possible to generalize that the growth of renewable energy was related to more developed countries; it was also possible to establish relationships between some types of renewable energy and the economic and financial indicators of the countries. Research limitations/implications -The number of countries in the sample and the time frame investigated limited the current research.Practical implications -The knowledge of the business environment in which the development of renewable energy occurred enables the construction of the concept that modern technologies are associated with governments with better management of its finances.Originality/value -The research is innovative because it creates knowledge integrating two dimensions of science. One dimension is the energy economics and the other is related to the economic and financial aspects of the governments of the countries, which are the largest investment agents such technologies. Results make possible to understand the real need for good economic management of countries, besides allowing understand the global panel of development for each type of renewable energy.Keywords: renewable energies, sustainability, economic development, linear regression. ABSTRACTABEPRO