Empirical analysis of the relationship between renewable energy, economic growth and environment: 23 OECD countrie

Yazarlar

  • Mustafa Göktuğ Kaya Dr., Visiting Scholar, Department of Economics, University of Saint Cloud State, 720 4th Ave S., St. Cloud, Minnesota, USA
  • Ning Hou Associate Professor, Department of Management and Entrepreneurship, Herberger Business School, University of Saint Cloud State, 720 4th Ave S., St. Cloud, Minnesota, USA
  • James A.Tan Professor, Department of Management and Entrepreneurship, Herberger Business School, University of Saint Cloud State

Anahtar Kelimeler:

Renewable energy, economic growth, panel data analysis, OECD countries

Özet

Non–renewable energy is expected to be almost depleted as of 2050 and the share of renewable energy resources in energy consumption begun to increase. We studied the relation between renewable energy consumption and economic growth environment in 23 OECD countries for the period 1996-2015. The results of Panel co-integration test identified that there was co-integration between the economic growth and renewable energy in 23 OECD countries. In most 23 OECD countries, economic growth affects renewable energy in a positive direction, which supports the conservation hypothesis in the literature, while carbon emission affects renewable energy consumption in negative direction.

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Yayınlanmış

2020-08-25

Nasıl Atıf Yapılır

Kaya, M. G., Hou, N. ., & A.Tan, J. . (2020). Empirical analysis of the relationship between renewable energy, economic growth and environment: 23 OECD countrie. EUROASIA JOURNAL OF SOCIAL SCIENCES & HUMANITIES, 7(15), 112–121. Erişim adresi: https://euroasiajournal.com/index.php/eurssh/article/view/48

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