Renewable energy consumption and economic efficiency: Evidence from European countries

George Halkos and Nickolaos Tzeremes

MPRA Paper from University Library of Munich, Germany

Abstract: This paper examines the relationship between renewable energy consumption and economic efficiency. For this reason conditional Data Envelopment Analysis (DEA) estimators alongside with nonparametric regressions are applied in a sample of 25 European countries for the year 2010. Our results reveal that renewable energy consumption has a positive effect on countries’ economic efficiency for lower consumption levels while for higher levels the analysis reveals mixed effects, which are also subject to regional disparities. Finally, it appears that the effect of renewable energy consumption on countries’ economic efficiency depends also on countries’ specific regional characteristics as well as on the environmental policies adopted.

Keywords: Renewable energy consumption; economic efficiency; data envelopment analysis; nonparametric regression (search for similar items in EconPapers)
JEL-codes: C14 C60 O44 Q01 Q20 Q40 (search for similar items in EconPapers)
Date: 2013-02-02
New Economics Papers: this item is included in nep-eff, nep-ene, nep-env, nep-eur, nep-geo and nep-reg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:44136

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