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Renewable Energy and Economic Growth: Evidence from the Sign of Panel Long-Run Causality

Year 2014, Volume: 4 Issue: 4, 578 - 587, 01.12.2014

Abstract

Unlike previous renewable energy-growth studies, this study examines for the first time the relationship between renewable energy and economic growth for 80 countries under the Canning and Pedroni (2008) long-run causality test, which indicates that there is long-run positive causality running from renewable energy to real GDP for the total sample as well as across regions. The empirical findings provide strong evidence that the interdependence between renewable energy consumption and economic growth indicates that renewable energy is important for economic growth and likewise economic growth encourages the use of more renewable energy source. The presence of causality provides an avenue to continue the use of government policies that enhance the development of the renewable energy sector.

Year 2014, Volume: 4 Issue: 4, 578 - 587, 01.12.2014

Abstract

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Details

Other ID JA74TN75CR
Journal Section Research Article
Authors

Nicholas Apergis This is me

Dan Constantin Danuletiu This is me

Publication Date December 1, 2014
Published in Issue Year 2014 Volume: 4 Issue: 4

Cite

APA Apergis, N., & Danuletiu, D. C. (2014). Renewable Energy and Economic Growth: Evidence from the Sign of Panel Long-Run Causality. International Journal of Energy Economics and Policy, 4(4), 578-587.
AMA Apergis N, Danuletiu DC. Renewable Energy and Economic Growth: Evidence from the Sign of Panel Long-Run Causality. IJEEP. December 2014;4(4):578-587.
Chicago Apergis, Nicholas, and Dan Constantin Danuletiu. “Renewable Energy and Economic Growth: Evidence from the Sign of Panel Long-Run Causality”. International Journal of Energy Economics and Policy 4, no. 4 (December 2014): 578-87.
EndNote Apergis N, Danuletiu DC (December 1, 2014) Renewable Energy and Economic Growth: Evidence from the Sign of Panel Long-Run Causality. International Journal of Energy Economics and Policy 4 4 578–587.
IEEE N. Apergis and D. C. Danuletiu, “Renewable Energy and Economic Growth: Evidence from the Sign of Panel Long-Run Causality”, IJEEP, vol. 4, no. 4, pp. 578–587, 2014.
ISNAD Apergis, Nicholas - Danuletiu, Dan Constantin. “Renewable Energy and Economic Growth: Evidence from the Sign of Panel Long-Run Causality”. International Journal of Energy Economics and Policy 4/4 (December 2014), 578-587.
JAMA Apergis N, Danuletiu DC. Renewable Energy and Economic Growth: Evidence from the Sign of Panel Long-Run Causality. IJEEP. 2014;4:578–587.
MLA Apergis, Nicholas and Dan Constantin Danuletiu. “Renewable Energy and Economic Growth: Evidence from the Sign of Panel Long-Run Causality”. International Journal of Energy Economics and Policy, vol. 4, no. 4, 2014, pp. 578-87.
Vancouver Apergis N, Danuletiu DC. Renewable Energy and Economic Growth: Evidence from the Sign of Panel Long-Run Causality. IJEEP. 2014;4(4):578-87.