What characteristics of the economy drive the growth of modern renewable energy? Evidence from 52 countries’ panel data

Rajesh Gupta and Atulan Guha

Applied Economics Letters, 2024, vol. 31, issue 15, 1345-1352

Abstract: This study probes the relationship between the characteristics of the economy with the growth of modern renewable sources in 52 countries for the period 2015–2021. The Cross-Sectional Auto Regressive Distributed Lag (CS-ARDL) results suggest that growth in industrialization positively impacts the growth of renewable energy both in the short and long run. CO2 emission reduction also positively helps RE growth in the short run.

Date: 2024
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DOI: 10.1080/13504851.2023.2186352

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