Renewable energy consumption-economic growth nexus in emerging countries: A bootstrap panel causality test
Burcu Ozcan and
Ilhan Ozturk ()
Renewable and Sustainable Energy Reviews, 2019, vol. 104, issue C, 30-37
In this study, we analyzed the relationship between renewable energy consumption and economic growth in 17 emerging countries, spanning the period of 1990–2016. The bootstrap panel causality test, allowing for dependence across countries and heterogeneity in slope parameters, developed by Kónya (2006)  was employed. The results indicated that the neutrality hypothesis does hold for all of the markets studied except for Poland, which confirmed the growth hypothesis. As such, because of the nonexistence of causality running from renewable energy demand to economic growth, energy saving (mitigation) policies do not have any detrimental influence on the growth rates of these 16 emerging economies. For Poland; however, energy conservation policies may have detrimental effects on the country's economic performance level.
Keywords: Renewable energy; Economic performance; Energy policy; Bootstrap causality approach (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
Full text for ScienceDirect subscribers only
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eee:rensus:v:104:y:2019:i:c:p:30-37
Ordering information: This journal article can be ordered from
http://www.elsevier. ... 600126/bibliographic
Access Statistics for this article
Renewable and Sustainable Energy Reviews is currently edited by L. Kazmerski
More articles in Renewable and Sustainable Energy Reviews from Elsevier
Bibliographic data for series maintained by Haili He ().