Exploring the Relationship between Renewable Energy Sources and Economic Growth. The Case of SAARC Countries

Qiucheng Li, Jacob Cherian, Malik Shahzad Shabbir, Muhammad Safdar Sial, Jing Li, Ioana Teodora Mester and Alina Badulescu
Additional contact information
Qiucheng Li: Economics and Management School, Wuhan University, Wuhan 430072, China
Jacob Cherian: College of Business, Abu Dhabi University, Abu Dhabi 59911, UAE
Malik Shahzad Shabbir: Lahore Business School, University of Lahore, Lahore 54000, Pakistan
Muhammad Safdar Sial: Department of Management Sciences, COMSATS University Islamabad (CUI), Islamabad 44000, Pakistan
Jing Li: School of Accounting, Guangdong University of Finance & Economics Guangzhou, Guangdong 510320, China

Energies, 2021, vol. 14, issue 3, 1-14

Abstract: The purpose of this study is to examine the relationship between renewable energy sources and economic growth of the South Asian Association for regional cooperation (SAARC) countries. This study uses three main renewable energy sources, namely geothermal, hydro, and wind.This study collects data set from SAARC countries from 1995 to 2018 and applies a fixed effect test and panel vector error correction model (PVECM) for data analysis. The overall results show that all three renewable energy sources have a positive significant impact on economic development among SAARC countries’ economies. Moreover, hydropower renewable energy has more effects and influences on economic growth as compared to the other two individual sources of renewable energy.

Keywords: renewable energy sources; sustainable economic growth; SAARC countries (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (38)

Downloads: (external link)
https://www.mdpi.com/1996-1073/14/3/520/pdf (application/pdf)
https://www.mdpi.com/1996-1073/14/3/520/ (text/html)

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:gam:jeners:v:14:y:2021:i:3:p:520-:d:483347

Access Statistics for this article

Energies is currently edited by Ms. Agatha Cao

More articles in Energies from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().