EconPapers    
Economics at your fingertips  
 

Renewable energy, CO2 emissions and value added: Empirical evidence from countries with different income levels

Mehdi Ben Jebli, Sahbi Farhani () and Khaled Guesmi

Structural Change and Economic Dynamics, 2020, vol. 53, issue C, 402-410

Abstract: This study explores the relationship between CO2 emissions, economic growth, renewable energy consumption, industrial value added and service value added during the period 1990–2015. Annual data of 10211See Table 1. countries classified by income levels: low-income, lower middle-income, upper middle-income and high-income countries. Using the Generalized Method of Moments system and Granger causality test, the results revealed that except for the lower-middle income countries, renewable energy consumption leads to decrease CO2 emissions in all the countries. The estimation revealed that renewable energy consumption affects negatively (respectively positively) service and industrial values added for higher income and low-middle income countries (respectively upper-middle income countries). For low-income countries, renewable energy consumption contributes to the increase (respectively decrease) of industrial value added (respectively service value added). With a small proportion, renewable energy consumption has a positive impact on both industrial and service values added for the global panel.

Keywords: CO2 emissions; Renewable energy; Industrial value added; Service value added; GMM (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0954349X19303637
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: https://EconPapers.repec.org/RePEc:eee:streco:v:53:y:2020:i:c:p:402-410

DOI: 10.1016/j.strueco.2019.12.009

Access Statistics for this article

Structural Change and Economic Dynamics is currently edited by F. Duchin, H. Hagemann, M. Landesmann, R. Scazzieri, A. Steenge and B. Verspagen

More articles in Structural Change and Economic Dynamics from Elsevier
Bibliographic data for series maintained by Nithya Sathishkumar ().

 
Page updated 2021-04-12
Handle: RePEc:eee:streco:v:53:y:2020:i:c:p:402-410