The impact of renewable and non-renewable energy consumption on economic growth: the case of Greece

Pegkas, Panagiotis

doi:10.1080/14786451.2019.1700261

Cited by 41 publications

(14 citation statements)

References 27 publications

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“…The results of the short-and long-run estimations show consistency with the results of Zafar et al (2019), Rahman and Velayutham (2020), Vural (2020), andPegkas (2020). The authors similarly concluded that both renewable and non-renewable energy consumption has a positive impact on economic growth.…”

Section: [Insert Table 4 Here]supporting

confidence: 75%

Renewable, non-renewable energy consumption and economic growth nexus in G7: fresh evidence from CS-ARDL

Okumuş

Güzel

Destek

2021

Environ Sci Pollut Res

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This study investigates the effects of renewable energy (REN) consumption and non-renewable energy (NREN) consumption on economic growth in G7 countries with annual data covering the period 1980-2016 using a new panel data estimator that provides robust results under crosssectional dependence, slope heterogeneity, and can be used whether series are integrated in different orders. In addition, the causality between the variables is analyzed with the panel bootstrap Granger causality method takes cross-sectional dependency and slope heterogeneity into account. According to Cross-sectionally Augmented Autoregressive Distributed Lag (CS-ARDL) results, the coefficients of REN and NREN consumption are positive and statistically significant in both the short-and long-run. Furthermore, NREN consumption has a greater impact on enhancing economic growth than REN consumption. The panel bootstrap causality analysis reveals that the growth hypothesis (GH) is valid in REN in Canada, Italy, and the US; neutrality is valid in REN in France, Japan, and the UK; the feedback hypothesis (FE) is valid for REN only in Germany. For NREN, the GH is valid for Canada, France, and Germany; the conservation hypothesis (CH) is valid in Italy and the UK. Finally, the FH is valid in Japan and the US.

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Section: [Insert Table 4 Here]supporting

confidence: 75%

Renewable, non-renewable energy consumption and economic growth nexus in G7: fresh evidence from CS-ARDL

Okumuş

Güzel

Destek

2021

Environ Sci Pollut Res

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“…Data for Brazil from 1980 to 2010 were used. Further examples are the studies by Bouyghrissi et al (2021) for Morocco 1990-2014and Pegkas (2020 for Greece 1990-2016. This topic has been well-researched.…”

Section: Discussionmentioning

confidence: 99%

Changes in the production of energy from renewable sources in the countries of Central and Eastern Europe

et al. 2022

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The main aim of this paper was to determine changes in renewable energy production in the countries of Central and Eastern Europe. The specific objectives were to assess the degree of concentration of renewable energy and the pace of changes in the volume of production of this energy from individual sources in the countries of Central and Eastern Europe, as well as to determine the structure according to renewable energy sources to show the directions of changes. Central and Eastern Europe countries were covered in the research, meaning that a total of 23 countries were included in the analysis. The data used in the study was obtained from the IRENA and World Bank databases. The research period covered the years from 2011 to 2019. For data analysis, the following methods were used: Index methods, Gini coefficient, Lorenz curve, and Grade Data Analysis. The development of the renewable energy sector and modernisation of the energy structure are of great importance for countries to meet their climate obligations. Large-scale energy production from renewable sources could reduce a 60% reduction in the temperature rise. Additionally, such activities will contribute to an increase in energy efficiency by 90%. The energy transition would also bring more comprehensive social and environmental benefits. Thus far, researchers have dealt with energy consumption-related problems in Central and Eastern Europe countries. This article focuses on the production of renewable energy in countries of Central and Eastern Europe. The article fills the research gap in this area. It refers to the situation in the countries of Central and Eastern Europe at a time when developing renewable energy has become very important. In our analysis, we examine renewable energy production in countries located in one region but are and are not EU members. Thanks to this, it will be possible to observe differences in terms of belonging to economic groups. In the case of the pace of changes and the structure of renewable energy produced, a difference can be found between the EU member countries of Central and Eastern Europe and the group of countries outside the EU. The fastest renewable energy production growth was achieved in EU member countries of Central and Eastern Europe. In the case of the mentioned countries, the production of solar, wind, and bioenergy was developed. In other countries, hydropower production was set and treated as a traditional energy source. Generally, in countries of Central and Eastern Europe, the development of energy based on renewable energy sources was not dependent on the pace of economic development of the country. Decision-makers in the countries of Central and Eastern Europe should develop the production of renewable energy from sources that are the easiest and cheapest to use. This is the only way to increase the production of renewable energy in developing countries.

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“…Most studies state that the use of non-renewable energy has driven high economic growth in both developed and developing countries (Mbarek et al, 2017;Shakouri and Yazdi, 2017;Yazdi and Shakouri, 2017;Tugcu and Topcu, 2018;Pegkas, 2019;Cevik et al, 2021;Salari et al, 2021). Nevertheless, the Transition from fossil fuels to renewable energy has received significant attention given the increasing concern about climate change due to the increasing consumption of oil, coal, natural gas, and other fossil fuels (Akadiri et al, 2021;.…”

Section: Non-renewable Energy Consumption and Economic Growthmentioning

confidence: 99%

Renewable and Non-renewable Energy Consumption in Indonesia: Does it Matter for Economic Growth?

Aswadi

Jamal

Syahnur

et al. 2023

IJEEP

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During the last decade, the energy sector has become important in shaping a country's economy. This study aims to analyze renewable and non-renewable energy's impact on Indonesia's economic growth. This study uses a quantitative method, using the Johansen cointegration test and FMOLS and DOLS cointegrating regression. The data period used in this study is from 1980-2019. The results of the study show that renewable energy consumption has a negative effect on Indonesia's economic growth. This is because renewable energy production is still limited, but the level of consumption continues to increase. Consumption of non-renewable energy has a positive effect on Indonesia's economic growth. The consumption of fossil energy causes this is still very high in Indonesia. Dependence on fossil energy is still high amid renewable energy production, which the government is continuously promoting. In general, energy consumption positively affects Indonesia's economic growth. When the two are combined, they positively contribute to the national economy.

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The impact of renewable and non-renewable energy consumption on economic growth: the case of Greece

Cited by 41 publications

References 27 publications

Renewable, non-renewable energy consumption and economic growth nexus in G7: fresh evidence from CS-ARDL

Renewable, non-renewable energy consumption and economic growth nexus in G7: fresh evidence from CS-ARDL

Changes in the production of energy from renewable sources in the countries of Central and Eastern Europe

Renewable and Non-renewable Energy Consumption in Indonesia: Does it Matter for Economic Growth?

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