Energy efficiency, renewable energy, economic growth: evidence from emerging market economies

This study investigates the effect of energy efficiency and renewable energy on economic growth in emerging economies over the 1992–2014 period using Westerlund’s ( 2008 ) cointegration test and Dumitrescu and Hurlin ( 2012 ) causality test. The panel cointegration coefficients reveal that energy ef...

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Veröffentlicht in:Quality & quantity 2019-07, Vol.53 (4), p.2221-2234
Hauptverfasser: Bayar, Yilmaz, Gavriletea, Marius Dan
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description This study investigates the effect of energy efficiency and renewable energy on economic growth in emerging economies over the 1992–2014 period using Westerlund’s ( 2008 ) cointegration test and Dumitrescu and Hurlin ( 2012 ) causality test. The panel cointegration coefficients reveal that energy efficiency positively influences the economic growth in the long term, but renewable energy has no significant effects on economic growth in the long term. Furthermore, the causality analysis revealed a one-way causality from both energy efficiency and renewable energy use to the economic growth in the short term.
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source SpringerNature Journals; Sociological Abstracts
subjects Causality
Economic growth
Emerging markets
Energy consumption
Energy efficiency
Energy industry
Energy management systems
Longitudinal studies
Market economies
Methodology of the Social Sciences
Renewable energy
Renewable resources
Social Sciences
Studies
title Energy efficiency, renewable energy, economic growth: evidence from emerging market economies
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