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The Impact of Fossil and Renewable Energy Consumption on the Economic Growth in Brazil, Russia, India, China and South Africa

Year 2017, Volume: 7 Issue: 3, 194 - 200, 01.09.2017

Hadi Sasana Imam Ghozali

Abstract

The energy consumption of the developing countries such as Brazil, Russia, India, China and South Africa (BRICS) continues to rise as the economic growth increases. The aim of this study was to analyze the effect of the consumption of the fossil fuels (coal, petroleum, and natural gas) and the renewable energy to the economic growth in the five BRICS countries. The analysis tool used was multiple linear regression using Fixed Effect Model (FEM) Method and panel data on time series from 1995 to 2014.The results showed that the consumption of fossil energy, especially coal energy, positively and significantly affects the economic growth in the BRICS countries. However the renewable energy consumption a negatively affects the economic growth in the BRICS countries.

Keywords

Economic Growth Consumption of Fossil Energy Renewable Energy Consumption Brazil Russia India China and South Africa

Year 2017, Volume: 7 Issue: 3, 194 - 200, 01.09.2017

Hadi Sasana Imam Ghozali

Abstract

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Details

Primary Language English
Subjects Engineering
Other ID JA67MA45KA
Journal Section Research Article
Authors

Hadi Sasana This is me

Imam Ghozali This is me

Publication Date September 1, 2017
Published in Issue Year 2017 Volume: 7 Issue: 3

Cite

APA Sasana, H., & Ghozali, I. (2017). The Impact of Fossil and Renewable Energy Consumption on the Economic Growth in Brazil, Russia, India, China and South Africa. International Journal of Energy Economics and Policy, 7(3), 194-200.
AMA Sasana H, Ghozali I. The Impact of Fossil and Renewable Energy Consumption on the Economic Growth in Brazil, Russia, India, China and South Africa. IJEEP. September 2017;7(3):194-200.
Chicago Sasana, Hadi, and Imam Ghozali. “The Impact of Fossil and Renewable Energy Consumption on the Economic Growth in Brazil, Russia, India, China and South Africa”. International Journal of Energy Economics and Policy 7, no. 3 (September 2017): 194-200.
EndNote Sasana H, Ghozali I (September 1, 2017) The Impact of Fossil and Renewable Energy Consumption on the Economic Growth in Brazil, Russia, India, China and South Africa. International Journal of Energy Economics and Policy 7 3 194–200.
IEEE H. Sasana and I. Ghozali, “The Impact of Fossil and Renewable Energy Consumption on the Economic Growth in Brazil, Russia, India, China and South Africa”, IJEEP, vol. 7, no. 3, pp. 194–200, 2017.
ISNAD Sasana, Hadi - Ghozali, Imam. “The Impact of Fossil and Renewable Energy Consumption on the Economic Growth in Brazil, Russia, India, China and South Africa”. International Journal of Energy Economics and Policy 7/3 (September 2017), 194-200.
JAMA Sasana H, Ghozali I. The Impact of Fossil and Renewable Energy Consumption on the Economic Growth in Brazil, Russia, India, China and South Africa. IJEEP. 2017;7:194–200.
MLA Sasana, Hadi and Imam Ghozali. “The Impact of Fossil and Renewable Energy Consumption on the Economic Growth in Brazil, Russia, India, China and South Africa”. International Journal of Energy Economics and Policy, vol. 7, no. 3, 2017, pp. 194-00.
Vancouver Sasana H, Ghozali I. The Impact of Fossil and Renewable Energy Consumption on the Economic Growth in Brazil, Russia, India, China and South Africa. IJEEP. 2017;7(3):194-200.