Do renewable energy consumption and green trade openness matter for human well-being? Empirical evidence from European Union countries
Zahoor Ahmed (),
Mahmood Ahmad () and
Muhlis Can ()
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Betul Can: Osmangazi University
Zahoor Ahmed: Cyprus International University
Mahmood Ahmad: Shandong University of Technology
Muhlis Can: BETA Akademi
Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, 2022, vol. 164, issue 3, No 2, 1043-1059
Abstract Human well-being is an important indicator that indicates the welfare level of society. In recent literature, scholars have attempted to detect the determinants of human well-being. However, the impact of green trade openness on human well-being has not been investigated. Also, there are limited studies on renewable energy and the human well-being nexus. Hence, this study aims to investigate the impact of green trade openness and renewable energy consumption on human well-being for 25 European Union (EU) member states over the period from 2003 to 2016. The empirical findings demonstrated that green trade openness increases human well-being in all quantiles (0.1–0.90), while renewable energy consumption shows a significant and positive effect on human well-being across quantiles (0.1–0.90) in EU nations. These conclusions were found robust in all estimation techniques. Lastly, policy suggestions are directed to raise the level of human well-being.
Keywords: Human Well-being; Human Development; Green Trade openness; renewable energy consumption; CO2 emissions (search for similar items in EconPapers)
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