@article{article_448658, title={THE EFFECT OF RENEWABLE AND NON-RENEWABLE ENERGY CONSUMPTION ON ECONOMIC GROWTH OF SELECTED OECD COUNTRIES}, journal={G.Ü. İslahiye İİBF Uluslararası E-Dergi}, volume={2}, pages={43–56}, year={2018}, author={Hajıhassanıasl, Saeid and Akbarıan, Roya}, keywords={Renewable, Non-renewable, Energy, Economic Growth, Panel Data, OECD, Generalized Least Squares}, abstract={<p>The importance of energy resources in the growth and formation of economic processes and also the reason for the evaluation of these valuable resources, make it important to recognize and analyse of various energy sources. The main purpose of this study is to examine the effects of energy (with renewable and non-renewable distinction) consumption, human and physical capital and Research and Development (R&D) expenditures over the period 2001-2009 on the economic growth of selected 21 Organisation for Economic Co-operation and Development (OECD) countries. In addition, in order to elaborate the details of the results, in addition to examining the effects of renewable and non-renewable energy consumption separately, the effects of total energy consumption (sum of renewable and non-renewable energy consumption) were also examined. To determine the effects of variables, considering the Generalized Least Squares (GLS) method, Panel data econometric technique is used. According to the results of the study, beside other variables (human capital, physical capital and Research and Development (R&D) expenditures, renewable, non-renewable energy consumption have positive and significant effects on economic growth of selected OECD countries. Also, positive and significant effect of total energy consumption on economic growth of selected OECD countries has been approved. <br /> </p>}, number={2}, publisher={Gaziantep University}