The Relationship between Renewable Energy Production and Economic Growth: A Short-Term and Long-Term Analysis in the Case of Uzbekistan

Gofur Halmuratov (), Kamoliddin Rustamov (), T. Khankelov (), Xolilla Xolmuratov (), Sherzod Khudainazarov (), Talibjan Sabirjanov () and Fozil Xolmurotov ()
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Gofur Halmuratov: Czech University of Life Sciences, Prague, Czech Republic
Kamoliddin Rustamov: Tashkent State Transport University, Tashkent, Uzbekistan
T. Khankelov: Tashkent State Transport University, Tashkent, Uzbekistan
Xolilla Xolmuratov: Urgench State University, 220100, Khamid Olimjon 14, Urgench, Uzbekistan
Sherzod Khudainazarov: Tashkent Institute of Irrigation and Agricultural Mechanization Engineers, National Research University, Tashkent, Uzbekistan
Talibjan Sabirjanov: Tashkent State Transport University, Tashkent, Uzbekistan
Fozil Xolmurotov: Mamun University, 220900, Qibla Tozabog, Khiva, Uzbekistan

International Journal of Energy Economics and Policy, 2025, vol. 15, issue 3, 567-575

Abstract: In this study, the relationships between Uzbekistan's economic growth, renewable energy use, rural electricity use, and greenhouse gas emissions were investigated using an ARDL model based on data from 2000 to 2022. The long-term results showed that renewable energy production had a significant positive impact on economic growth (coefficient: 0.608, P<0.01), while greenhouse gas emissions had no significant impact (coefficient: -0.00004, P>0.05). However, rural electricity use had a negative impact on economic growth (coefficient: -6.815, P<0.01). The short-term analysis shows that renewable energy production has a rapid and significant positive impact on economic growth (coefficient: 0.0001, P<0.05). In addition, the previous period's economic growth rate (coefficient: 0.643, P<0.05) and greenhouse gas emissions (coefficient: 0.0001, P<0.05) have a positive impact on economic growth in the short term.

Keywords: Economic Growth; Renewable Energy; ARDL; Sustainable Development; Greenhouse Gas Emissions (search for similar items in EconPapers)
Date: 2025
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DOI: 10.32479/ijeep.18609

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