ECONOMIC GROWTH AND RENEWABLE ENERGY PRODUCTION: A BRIEF EMPIRICAL ANALYSES

Murilo Montanari de Matos ()
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Murilo Montanari de Matos: Universidade Federal de Uberlândia (UFU)

Revista de Economia Mackenzie (REM), 2020, vol. 17, issue 2, 12-26

Abstract: This article test two hypothesis: (i) an increase in the GDP has a positive impact on the production of Renewable Energy and (ii) a population growth have positive impact on the production of renewable energy. In order to accept these hypotheses we conduct an empirical study based on cross section and panel data, applying several estimation models. We conclude that the first hypothesis holds together but the second hypothesis could not be statistically confirmed. In addition, we show that expenditures on R&D lead to an increase in the production of renewable energy.

Keywords: Renewable energy; cross section; panel data; fixed-effects; economic growth. (search for similar items in EconPapers)
JEL-codes: C33 Q42 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:aft:journl:v:17:2:2020:jul:dec:p:12-26

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