Renewable and Non-renewable Energy Consumption and Economic Growth: Empirical Evidence from Panel Error Correction Model

2017 ◽  
Vol 6 (1) ◽  
pp. 76-85 ◽  
Author(s):  
Ranjan Aneja ◽  
Umer J. Banday ◽  
Tanzeem Hasnat ◽  
Mustafa Koçoglu
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Error Correction ◽  
Empirical Evidence ◽  
Error Correction Model ◽  
Renewable Energy Consumption ◽  
Correction Model

scholarly journals Does Renewable Energy Matter for Economic Growth in Central and Eastern European Countries? Empirical Evidence from Heterogeneous Panel Cointegration Analysis

2021 ◽  
Vol 31 (1) ◽  
pp. 34-59
Author(s):  
Olimpia Neagu ◽  
Cristian Haiduc ◽  
Andrei Anghelina
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Empirical Evidence ◽  
Panel Cointegration ◽  
Cointegration Analysis ◽  
Eastern European ◽  
Renewable Energy Consumption ◽  
Eastern European Countries ◽  
Heterogeneous Panel

AbstractThe aim of the paper is to provide empirical evidence in support of the relationship between renewable energy consumption and economic growth in eleven Central and Eastern European (CEE) countries over the period 1995-2015 within a multivariate panel data analysis. Based on World Bank data, the panel cointegration analysis reveals that renewable energy consumption and economic growth are positively associated in the long run in CEE countries. The heterogeneous panel causality test indicates a bi-directional causality relationship in support of the feedback hypothesis between economic growth and renewable energy consumption in Central and Eastern European countries.

Globalization and Aid Inflows in the Economic Growth of Vietnam

2017 ◽  
Vol 17 (2) ◽  
pp. 20160063
Author(s):  
Jai S Mah
Keyword(s):  
Economic Growth ◽  
Error Correction ◽  
Empirical Evidence ◽  
Economic Reform ◽  
Rapid Growth ◽  
Error Correction Model ◽  
Variance Bounds ◽  
Correction Model ◽  
Bounds Test ◽  
Growth Hypothesis

This paper aims to reveal the sources of the rapid growth of the Vietnamese economy since economic reform over the period 1986–2013. It applies the autoregressive distributed lags variance bounds test and the error correction model, focusing on the roles of globalization and aid in economic growth. The empirical evidence supports neither the export-led nor the FDI-led economic growth hypothesis. Rather, the increase in import values is revealed to have caused economic growth. When the import variable is excluded from the estimated model, aid inflows are shown to have caused the economic growth in Vietnam.

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