Is the Transition to Renewable Energy Consumption Hampered by High Oil Prices?

Shahriyar Mukhtarov (), Sugra Humbatova and Natig Gadim-Oglu Hajiyev
Additional contact information
Sugra Humbatova: Department of Economics and Management, Azerbaijan State University of Economics (UNEC), Istiqlaliyyat Str. 6, Baku AZ1001, Azerbaijan
Natig Gadim-Oglu Hajiyev: Department of Regulation of the Economy, Azerbaijan State University of Economics (UNEC), Istiqlaliyyat Str. 6, Baku AZ1001, Azerbaijan.

International Journal of Energy Economics and Policy, 2021, vol. 11, issue 5, 377-380

Abstract: The article examines the impact of oil price, income and CO2 emissions on renewable energy consumption in the case of Kazakhstan for the data period from 1992 to 2015, employing FMOLS and CCR methods. Empirical results reached that there is a long-run positive and statistically significant impact of income on the renewable energy consumption whereas a negative effect of oil price and CO2 emissions in Kazakhstan, for the investigated period. The results of this article might be beneficial for the policymakers and support the current literature for next researches for oil-rich developing countries.

Keywords: Renewable energy consumption; Income; Oil price; FMOLS; CCR; Kazakhstan (search for similar items in EconPapers)
JEL-codes: O13 P28 Q42 Q43 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
https://www.econjournals.com/index.php/ijeep/article/download/11345/6065 (application/pdf)
https://www.econjournals.com/index.php/ijeep/article/view/11345/6065 (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:journ2:2021-05-42

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 ().