The moderating role of human capital and renewable energy in promoting economic development in G10 economies: Evidence from CUP-FM and CUP-BC methods

Li Shidong, Supat Chupradit, Apichit Maneengam, Wanich Suksatan, Cong Phan The and Quynh Nguyen Ngoc

Renewable Energy, 2022, vol. 189, issue C, 180-187

Abstract: Economic development is attributed to higher energy consumption emerged from economic and industrial activities, whereas renewable energy is pronounced as the differentiating factor for achieving competitiveness among the economies and ensuring environmental sustainability. On the other hand, Human Capital plays the role of an interface between the inputs or resources consumed and the output generated; therefore, it can also derive economic development in a better way. Thus, this study explores the impact of human Capital, renewable energy, and the interaction of both in realizing higher economic development. For empirical analysis, we employed comparatively new panel estimation techniques “continuously updated fully modified” (Cup-FM) and “continuously updated bias-corrected” (Cup-BC) using a panel of G-10 countries. The overall results demonstrate that human Capital and renewable stimulate higher economic development. Manifestly, the interaction of both variables reports a more substantial impact on economic development, implying that human capital development is a stimulus to boost the positive effects of renewable energy sources on economic growth. Based on the findings, the stakeholders are recommended to invest in human Capital and renewable energy adoption.

Keywords: Human capital; Renewable energy; Economic development; G10 economies; Environmental sustainblity CUP-FM; CUP-BC (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0960148122001951
Full text for ScienceDirect subscribers only

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:eee:renene:v:189:y:2022:i:c:p:180-187

DOI: 10.1016/j.renene.2022.02.053

Access Statistics for this article

Renewable Energy is currently edited by Soteris A. Kalogirou and Paul Christodoulides

More articles in Renewable Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().