The study of renewable energy and economic development

Jo-Hui Chen and Yun-Chen Cheng

Studies in Economics and Finance, 2022, vol. 40, issue 1, 86-111

Abstract: Purpose - This paper aims to examine the factors influencing renewable energy output. Design/methodology/approach - The panel data model was used to analyze the fixed and random effects. Findings - The results showed that economic development, environmental-related technology patents, renewable energy consumption and the publication of papers and periodicals contributed to enhancing renewable energy production. Wind power generation’s adjustment speed is faster than that of solar power generation in the renewable energy sector. The use of renewable energy was affected by the weather and related costs. Originality/value - Many countries choose energy with reasonable prices and stable power generation and use renewable energy as additional backup power.

Keywords: Green environment; Economic development; Renewable energy (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eme:sefpps:sef-08-2021-0326

DOI: 10.1108/SEF-08-2021-0326

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