The Effect of Renewable Energy Consumption on Economic Growth in Croatia

Pearson Sonia ()
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Pearson Sonia: PhD Candidate at Faculty of Business and Economics, University of Zagreb, Trg J. F. Kennedy 6, HR-10000 Zagreb, Croatia, Tel: 00 385 95 5829342

Zagreb International Review of Economics and Business, 2021, vol. 24, issue 1, 113-126

Abstract: This paper investigates the effect of renewable energy on economic growth in Croatia for the period 1996-2018. The Autoregressive Distributed Lag (ARDL) technique is used to find the long run relationships between renewable energy, energy consumption and economic growth. The empirical analysis indicates that renewable energy has a positive and significant effect on economic growth in the short and long run. These findings indicate that the Croatian government can continue to boost renewable energy investment without impeding economic growth.

Keywords: Renewable energy; economic growth; ARDL; Croatia (search for similar items in EconPapers)
JEL-codes: O13 Q0 Q42 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:zirebs:v:24:y:2021:i:1:p:113-126:n:1006

DOI: 10.2478/zireb-2021-0006

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