Does Institutional Quality Affect Renewable Energy in Oil-Rich Developing Countries? Evidence from Azerbaijan

Shahriyar Mukhtarov (), Javid Aliyev () and Shahin Maharramli ()
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Javid Aliyev: Islamic Finance and Economics, Hamad Bin Khalifa
Shahin Maharramli: Azerbaijan Energy Regulatory Agency

Chapter Chapter 14 in Circular Economy and the Energy Market, 2022, pp 173-184 from Springer

Abstract: Abstract This study investigates the effect of government effectiveness as a proxy of institutional quality, CO2 emissions, and economic growth on renewable energy consumption for Azerbaijan from 1996 to 2019, employing FMOLS method. Estimation results revealed that government effectiveness and CO2 emissions both have statistically insignificant effect on renewable energy consumption. In addition, we found that economic growth has a statistically significant and positive influence on renewable energy consumption. According to empirical results, some policy recommendations for promoting renewable energy consumption are presented in this study.

Keywords: Renewable energy; Government effectiveness; Institutional quality; FMOLS; Azerbaijan (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-031-13146-2_14

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DOI: 10.1007/978-3-031-13146-2_14

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