The future of Green energy: A panel study on the role of renewable resources in the transition to a Green economy

Baolin Li, Jia Wang, Abdelmohsen A. Nassani, Rima H. Binsaeed and Zeyun Li

Energy Economics, 2023, vol. 127, issue PB

Abstract: Sustainable progress and green energy (GE) are closely associated with ideas that carry a common goal to promote environmental stability, economic prosperity, and social equity while mitigating the detrimental impacts on the world. In this regard, the present study analyses the link between economic affluence and sustainable development by considering the role of green energy. A panel of 33 developed and developing countries have been selected based on the intensity of disease there for the period 1990–2021. The Pooled OLS, fixed effects model (FEM), and Random effects (REM) have been used, while the results of fixed effects have been discussed according to the Hausman specification test. The findings indicate that gross domestic per capita and population growth have a negative significant impact on sustainable development. In contrast, green energy and inflation have a positive significant effect on sustainable development. These findings are helpful for newbies to explore this dimension along with governing bodies who intend to design policies related to green energy and the use of renewable energy resources.

Keywords: Sustainable development; Economic growth; Green energy; Fixed effect model; Random effects model; Pooled OLS (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:127:y:2023:i:pb:s0140988323005248

DOI: 10.1016/j.eneco.2023.107026

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