Understanding the key determinants of Fiji's renewable energy

Han Long, Biman Prasad, Victor Krishna, Kai Tang and Chun-Ping Chang

Economic Analysis and Policy, 2024, vol. 82, issue C, 1144-1157

Abstract: In this research, we reassess the interplay between renewable energy consumption and key economic indicators in Fiji, using data spanning 1991 to 2020. Applying the ARDL bounds test for cointegration, we detect a long-run correlation among renewable energy use, service sector labor productivity, urbanization, ICT exports, and unemployment. Our analysis reveals significant long-term effects: higher labor productivity and unemployment rates encourage renewable energy consumption, whereas urbanization and ICT exports tend to decrease it. At the same time, short-term observations indicate that unemployment is negatively correlated with renewable energy adoption. Our study contributes fresh perspectives on sustainable growth amidst climate change for island countries like Fiji.

Keywords: Renewable energy consumption; Services labor productivity; ARDL bounds test (search for similar items in EconPapers)
JEL-codes: Q43 Q56 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecanpo:v:82:y:2024:i:c:p:1144-1157

DOI: 10.1016/j.eap.2024.05.006

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