Energy Consumption and Economic Growth Nexus: Evidence from Developed Countries in Europe
This paper analyzes the relationship between renewable and non-renewable energy consumption and economic growth for a panel of fifteen European Union countries over the period 1990-2011 within a multivariate framework. The heterogeneous panel cointegration tests present a long-run equilibrium relationship between real GDP, renewable and non-renewable energy consumption, greenhouse gas emissions and research and development. The Granger-causality results demonstrate unidirectional causality between non-renewable energy consumption and economic growth
Year of publication: |
2014
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Authors: | Uçan, Okyay ; Arýcýoðlu, Ebru ; Yücel, Fatih |
Published in: |
International Journal of Energy Economics and Policy. - Econjournals. - Vol. 4.2014, 3, p. 411-419
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Publisher: |
Econjournals |
Subject: | renewable energy consumption | non-renewable energy consumption | growth |
Saved in:
freely available
Extent: | application/pdf text/html |
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Type of publication: | Article |
Classification: | C23 - Models with Panel Data ; O11 - Macroeconomic Analyses of Economic Development ; O13 - Agriculture; Natural Resources; Energy; Environment; Other Primary Products |
Source: |
Persistent link: https://www.econbiz.de/10010801089
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