On the Dynamics of Renewable Energy Consumption (Aggregated and Disaggregated) and Economic Growth: An Approach by Energy Sources

In this contemporary era, environmental problems spread at different levels in all countries of the world. Economic growth does not just depend on prioritizing the environment or improving the environmental situation. If the foreign direct investment is directed to the polluting industries, they will increase pollution and damage the environment. The purpose of the study is to consider the relationship between foreign direct investment in Kazakhstan and Uzbekistan and economic growth and renewable energy consumption. The study is based on data obtained from 1992 to 2018. The results show that there is a two-way link between foreign direct investment and renewable energy consumption in the considered two countries. The Granger causality test approach is applied to explore the causal relationship between the variables. The Johansen co-integration test approach is also employed to test for a relationship. The empirical results verify the existence of co-integration between the series. The main factors influencing renewable energy are economic growth and electricity consumption. To reduce dependence on fuel-based energy sources, Kazakhstan and Uzbekistan need to attract energy to renewable energy sources and implement energy efficiency based on rapid progress. This is because renewable energy sources play the role of an engine that stimulates the production process in the economy for all countries.

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The Effect of Population, Public Investments, and Economic Growth on Regional Renewable Energy Consumption in Turkey

Advances in Business Information Systems and Analytics - Handbook of Research on Applied Data Science and Artificial Intelligence in Business and Industry ◽

10.4018/978-1-7998-6985-6.ch023 ◽

2021 ◽

pp. 491-504

Author(s):

Özlem Karadağ Albayrak

Keyword(s):

Economic Growth ◽

Renewable Energy ◽

Energy Consumption ◽

Panel Data ◽

Renewable Energy Sources ◽

Regional Scale ◽

Dynamic Panel Data ◽

Energy Sources ◽

Renewable Energy Consumption ◽

Public Investments

Making the use of renewable energy sources widespread is of paramount importance for Turkey as for all countries. In this regard, the determiners of renewable energy consumption have been investigated. The effect of determining or factors affecting the use of renewable energy sources on a regional scale to Turkey were examined with different qualitative and quantitative research techniques. In this study, the factors of economic growth, public investments, and population are analyzed by considering regional differences on the consumption of renewable energy resources. The effect of regional economic growth, regional public investments, and regional population on the amount of regional renewable energy consumption were investigated by using panel data of 26 statistical regions of Level-2 classification in the period between 2010-2018 in Turkey. The results obtained by the dynamic panel data analysis concluded that economic growth and public investments at the regional level increased renewable energy consumption while the population growth decreased.

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Incorporating Environmental Pollution and Human Development in the Energy-Growth Nexus: A Novel Long Run Investigation for Pakistan

International Journal of Environmental Research and Public Health ◽

10.3390/ijerph17145154 ◽

2020 ◽

Vol 17 (14) ◽

pp. 5154 ◽

Cited By ~ 2

Author(s):

Nabila Abid ◽

Jianzu Wu ◽

Fayyaz Ahmad ◽

Muhammad Umar Draz ◽

Abbas Ali Chandio ◽

...

Keyword(s):

Economic Growth ◽

Renewable Energy ◽

Energy Consumption ◽

Human Development ◽

Environmental Sustainability ◽

Human Development Index ◽

Renewable Energy Sources ◽

Energy Sources ◽

Renewable Energy Consumption ◽

Long Run

Energy acts as a catalyst to boost the human development index (HDI) in a country. However, the overuse of energy leads to environmental deterioration, which is a byproduct of economic development. Due to the utilization of non-renewable energy sources for a long time, worldwide environmental conditions have become alarming. This study investigates the relationship between renewable and non-renewable energy consumption, economic growth, environmental sustainability, and the human development index (HDI) in Pakistan. The investigation incorporates population growth and technology variables to form a multivariate framework. We use a fully modified ordinary least squares (FMOLS) approach to time-series data from 1990–2017. To check the robustness of estimations, we apply the Gregory–Hansen test with a causality test under the VECM to confirm this association’s directions. Our findings confirm that non-renewable energy sources have a positive association with economic growth and CO2 emissions. However, human development, technology, and renewable energy boost economic development and reduce environmental pollution in Pakistan. The co-integration results confirmed the long run connectivity among all variables. The causality outcomes support the bidirectional causality between renewable and non-renewable energy consumption, economic growth, and CO2 emissions, both in the short and long run. These outcomes suggest that Pakistan should focus on energy shifts and gradually increase the share of renewables in its energy mix under the China Pakistan Economic Corridor (CPEC). Additionally, the government should increase human and technological development to enhance economic and environmental sustainability.

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The Determinants Of Renewable Energy Consumption: An Empirical Analysis For The Balkans

European Scientific Journal ESJ ◽

10.19044/esj.2016.v12n11p594 ◽

2016 ◽

Vol 12 (11) ◽

pp. 594 ◽

Cited By ~ 2

Author(s):

Basak Gul Akar

Keyword(s):

Economic Growth ◽

Renewable Energy ◽

Energy Consumption ◽

Panel Data ◽

Trade Openness ◽

Dynamic Panel Data ◽

Energy Sources ◽

Renewable Energy Consumption ◽

Dynamic Panel ◽

The Balkans

As a measure of development, energy has a priority in economic literature. However, both economic and social costs caused by traditional energy sources have led to question on the importance of these resources. In addition to this, various problems such as pollution and dependence on foreign energy has brought about new researches instead of existing energy sources. Alternative and renewable energy sources, which are named as “clean energy”, are expected to take the place of the old method. However, there are many factors affecting the use of new energy sources. These factors include energy prices, energy production, energy dependence, economic growth, trade openness, and the use of carbon dioxide. Besides, development levels of countries have a significant influence on the degree of interaction between these factors. In the present study, firstly, renewable energy consumption and the determinants of this energy use were discussed in the theoretical context. Consequently, the required empirical tests were applied for Balkan countries - Albania, Bosnia-Herzegovina, Bulgaria, Croatia, Montenegro, Kosovo, Macedonia, Romania, Serbia, Slovenia, Turkey, and Greece. Dynamic panel data method was preferred for analysis. However, this panel covers a period between the years of 1998-2011. According to the results obtained through a dynamic panel data analysis, it was found that there is a negative and statistically significant relationship between economic growth and renewable energy consumption. On the other hand, trade openness and natural gas rents are determined to have a positive effect on renewable energy consumption in the Balkans.

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Energy intensity, carbon emissions, renewable energy, and economic growth nexus: New insights from Romania

Energy & Environment ◽

10.1177/0958305x18793108 ◽

2018 ◽

Vol 30 (3) ◽

pp. 427-443 ◽

Cited By ~ 64

Author(s):

Fırat Emir ◽

Festus Victor Bekun

Keyword(s):

Economic Growth ◽

Renewable Energy ◽

Energy Consumption ◽

Carbon Emissions ◽

Energy Intensity ◽

Energy Sources ◽

Success Story ◽

Renewable Energy Consumption ◽

The Relationship ◽

Growth Hypothesis

This study empirically examines the relationship between energy intensity, carbon emissions, renewable energy consumption, and economic growth for the case of Romania given the conflicting evidences in the literature between 1990 and 2014 on a quarterly basis. To this end, our study employs an autoregressive distributive lag (ARDL) model for cointegration, while direction of causality was achieved via the Toda–Yamamoto model. Empirical findings reveal cointegration among the variables under consideration. The causality results show feedback causality between energy intensity and economic growth while uni-directional causality is seen running from renewable energy consumption to economic growth. Thus, this study affirms the energy-led growth hypothesis. Therefore, our study corroborates with the current success story of Romania attaining her energy targets within two decades. However, there is need to sustain this milestone by further diversification of her energy portfolio into other cleaner energy sources.

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