EconPapers    
Economics at your fingertips  
 

Renewable Energy and Sustainable Development Nexus in Selected OECD Countries

Cuma Bozkurt and Mehmet Destek
Additional contact information
Cuma Bozkurt: Department of Economics, The Faculty of Economics and Administrative Sciences, Gaziantep University, Turkey,

International Journal of Energy Economics and Policy, 2015, vol. 5, issue 2, 507-514

Abstract: This article investigates the relationship between economic growth, renewable energy consumption, gross fixed capital and total number of labor for 1980-2012 in selected OECD countries in terms of sustainability. Four OECD countries are included in our model in order to differentiate the relationship between nuclear energy consumption and economic growth in more developed OECD countries such as the U.S. and Germany with less developed OECD countries such as Turkey and Italy. According to the results of autoregressive distributed lag approach, the effect of renewable energy consumption on gross domestic product (GDP) is positive in both U.S. and Germany whereas renewable energy consumption has negatively correlated with GDP in Italy and Turkey. It can be concluded that renewable energy consumption has positive effect on economic growth only in more developed countries.

Keywords: Economic Growth; Sustainable Development; Renewable Energy; Autoregressive Distributed Lag Bound Test (search for similar items in EconPapers)
JEL-codes: F43 Q01 Q43 Q56 (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations: View citations in EconPapers (18)

Downloads: (external link)
http://www.econjournals.com/index.php/ijeep/article/download/1159/657 (application/pdf)
http://www.econjournals.com/index.php/ijeep/article/view/1159/657 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2015-02-15

Access Statistics for this article

International Journal of Energy Economics and Policy is currently edited by Ilhan Ozturk

More articles in International Journal of Energy Economics and Policy from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk (ilhanozturk@yahoo.com).

 
Page updated 2024-12-28
Handle: RePEc:eco:journ2:2015-02-15