Renewable Energy Consumption and Growth in Eurasia
This study examines the causal relationship between renewable energy consumption and economic growth for 13 countries within Eurasia over the period 1992–2007 within a multivariate panel data framework. The heterogeneous panel cointegration test reveals a long-run equilibrium relationship exists bet...
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| Format: | Journal Article |
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Elsevier
2010
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| Online Access: | http://hdl.handle.net/20.500.11937/32199 |
| _version_ | 1848753595085750272 |
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| author | Apergis, Nicholas Payne, J. |
| author_facet | Apergis, Nicholas Payne, J. |
| author_sort | Apergis, Nicholas |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | This study examines the causal relationship between renewable energy consumption and economic growth for 13 countries within Eurasia over the period 1992–2007 within a multivariate panel data framework. The heterogeneous panel cointegration test reveals a long-run equilibrium relationship exists between real GDP, renewable energy consumption, real gross fixed capital formation, and labor force. The results from the error correction models indicate bidirectional causality between renewable energy consumption and economic growth in both the short-run and long-run. Thus, the empirical findings lend support for the feedback hypothesis of the interdependent relationship between renewable energy consumption and economic growth. |
| first_indexed | 2025-11-14T08:27:00Z |
| format | Journal Article |
| id | curtin-20.500.11937-32199 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T08:27:00Z |
| publishDate | 2010 |
| publisher | Elsevier |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-321992017-09-13T15:17:39Z Renewable Energy Consumption and Growth in Eurasia Apergis, Nicholas Payne, J. Panel unit root and cointegration tests Growth Renewable energy consumption Granger-causality This study examines the causal relationship between renewable energy consumption and economic growth for 13 countries within Eurasia over the period 1992–2007 within a multivariate panel data framework. The heterogeneous panel cointegration test reveals a long-run equilibrium relationship exists between real GDP, renewable energy consumption, real gross fixed capital formation, and labor force. The results from the error correction models indicate bidirectional causality between renewable energy consumption and economic growth in both the short-run and long-run. Thus, the empirical findings lend support for the feedback hypothesis of the interdependent relationship between renewable energy consumption and economic growth. 2010 Journal Article http://hdl.handle.net/20.500.11937/32199 10.1016/j.eneco.2010.06.001 Elsevier restricted |
| spellingShingle | Panel unit root and cointegration tests Growth Renewable energy consumption Granger-causality Apergis, Nicholas Payne, J. Renewable Energy Consumption and Growth in Eurasia |
| title | Renewable Energy Consumption and Growth in Eurasia |
| title_full | Renewable Energy Consumption and Growth in Eurasia |
| title_fullStr | Renewable Energy Consumption and Growth in Eurasia |
| title_full_unstemmed | Renewable Energy Consumption and Growth in Eurasia |
| title_short | Renewable Energy Consumption and Growth in Eurasia |
| title_sort | renewable energy consumption and growth in eurasia |
| topic | Panel unit root and cointegration tests Growth Renewable energy consumption Granger-causality |
| url | http://hdl.handle.net/20.500.11937/32199 |