RENEWABLE ENERGY AND MACROECONOMIC STABILITY IN CENTRAL ASIA: PATHWAYS WITHIN THE GREEN ECONOMY

Khabibullo Abdullaev

GREEN ECONOMY AND DEVELOPMENT, 2025, vol. 3

Abstract: Central Asian economies face persistent vulnerabilities due to their reliance on fossil fuel exports, which exposethem to external price volatility and fiscal instability. This article investigates the potential role of renewable energy inpromoting macroeconomic stability through the theoretical lenses of the Dutch Disease model and the Solow Growthmodel. By integrating these frameworks, the study examines how renewable energy investment can mitigate resourcedependence, stabilize fiscal and external balances, and support long-term economic growth. Results suggest thatrenewable energy adoption offers a pathway toward resilience, although short-term risks related to inflation, fiscal strain,and labor market disruptions remain. The discussion emphasizes the importance of managing the transition throughprudent fiscal policies, just transition strategies, and regional cooperation

Keywords: Renewable energy; Dutch Disease; Solow growth model; macroeconomic stability; Central Asia (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:teu:ged000:v:3:y:2025:id:7725

DOI: 10.5281/zenodo.17571463

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