Impact of Educational Attainment on Renewable Energy Use: Evidence from Emerging Market Economies

Gamze Sart, Yilmaz Bayar, Funda Hatice Sezgin and Marina Danilina
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Gamze Sart: Department of Educational Sciences, Istanbul University-Cerrahpasa, İstanbul 34500, Turkey
Yilmaz Bayar: Department of Public Finance, Bandirma Onyedi Eylul University, Bandirma 10200, Turkey
Funda Hatice Sezgin: Department of Industrial Engineering, Istanbul University-Cerrahpasa, İstanbul 34500, Turkey
Marina Danilina: Department of Economics, Plekhanov Russian University of Economics (PRUE), 117997 Moscow, Russia

Energies, 2022, vol. 15, issue 7, 1-15

Abstract: Renewable energy has become a crucial factor for circular economies, sustainable development, and the environment given the limited non-renewable energy reserves and global environmental degradation mainly resulting from non-renewable energy use. This study explores the effect of educational attainment and economic growth on renewable energy use in a sample of selected emerging markets over the 2000–2018 period through causality and cointegration analyses. Causality analysis points out a significant unidirectional causality from indicators of educational attainment and economic growth to renewable energy use. In other words, educational attainment indicators and economic growth are significant determinants of renewable energy in the short run. Furthermore, the cointegration analysis ascertains a positive influence of indicators of educational attainment and economic growth on renewable energy use in the long run. The findings of both analyses indicate that educational attainment and economic growth have a significant impact on renewable energy use in the short and long term. Therefore, the policies fostering educational attainment can be used as instruments to increase the share of renewable energy use in total energy consumption.

Keywords: educational attainment; economic growth; renewable energy; circular economy; panel causality analysis; panel cointegration analysis (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: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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