The renewable energy consumption and growth in the G-7 countries: Evidence from historical decomposition method
Mehmet Balcilar (),
Huseyin Ozdemir and
Muhammad Shahbaz ()
MPRA Paper from University Library of Munich, Germany
This paper aims to analyze the time-varying effects of renewable energy consumption on economic growth and vice versa for the G-7 countries. To this end, the historical decomposition method with bootstrap is utilized. The findings show that the effect of economic growth on renewable energy consumption is highly time-varying and strongly positive during the whole analysis period for Germany, Italy and the United States. Although the result is usually analogous in most periods for Canada, France, Japan and the United Kingdom, the contribution of economic growth on renewable energy consumption is reversed in some periods. Additionally, the effect of renewable energy consumption on economic growth shows remarkable time-variations for all the G-7 countries, but does not produce a consistent direction of effect over the entire analysis period. For Germany, Italy and the United Kingdom, renewable energy consumption appears to be a driving force for economic growth during nearly in the whole time period after early 1990s.
Keywords: Renewable Energy; Growth; G7 (search for similar items in EconPapers)
JEL-codes: A1 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ene, nep-his and nep-reg
Date: 2018-03-19, Revised 2018-03-05
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
https://mpra.ub.uni-muenchen.de/85473/1/MPRA_paper_85473.pdf original version (application/pdf)
Journal Article: The renewable energy consumption and growth in the G-7 countries: Evidence from historical decomposition method (2018)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:85473
Access Statistics for this paper
More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().