Empirical research on the relationship between renewable energy consumption, foreign direct investment and economic growth in South Asia

Emon Kalyan Chowdhury and Rupam Chowdhury

Journal of Energy Markets

Abstract: This paper intends to scrutinize the link between renewable energy consumption, foreign direct investment (FDI) and economic progress in South Asian countries. This study applies random effect and generalized method-of-moments models using panel data from 1990 to 2020. The empirical results indicate that FDI and renewable energy consumption have a significant positive impact on economic progress, while FDI has a negative impact and economic progress has a significant positive impact on renewable energy consumption in South Asian countries. This study proposes a few approaches to using FDI in renewable energy sectors to enhance the economic progress of this promising economic base in Asia.

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Persistent link: https://EconPapers.repec.org/RePEc:rsk:journ2:7950131

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