Economics at your fingertips  

Renewable energy consumption and growth in Eurasia

Nicholas Apergis () and James Payne ()

Energy Economics, 2010, vol. 32, issue 6, 1392-1397

Abstract: This study examines the causal relationship between renewable energy consumption and economic growth for 13 countries within Eurasia over the period 1992-2007 within a multivariate panel data framework. The heterogeneous panel cointegration test reveals a long-run equilibrium relationship exists between real GDP, renewable energy consumption, real gross fixed capital formation, and labor force. The results from the error correction models indicate bidirectional causality between renewable energy consumption and economic growth in both the short-run and long-run. Thus, the empirical findings lend support for the feedback hypothesis of the interdependent relationship between renewable energy consumption and economic growth.

Keywords: Renewable; energy; consumption; Growth; Panel; unit; root; and; cointegration; tests; Granger-causality (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (160) Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

Energy Economics is currently edited by R. S. J. Tol, Beng Ang, Lance Bachmeier, Perry Sadorsky, Ugur Soytas and J. P. Weyant

More articles in Energy Economics from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

Page updated 2019-12-06
Handle: RePEc:eee:eneeco:v:32:y:2010:i:6:p:1392-1397