RENEWABLE ENERGY AND SUSTAINABLE DEVELOPMENT: EVIDENCE FROM 17 OECD COUNTRIES / Renewable Energy and Sustainable Development: Evidence from 17 OECD Countries

Yıl 2020, Cilt: 4 Sayı: 1, 41 - 60, 30.04.2020

Salah Eddine Sari Hassoun , Hicham Ayad

https://doi.org/10.29216/ueip.653074

Cited By: 7

Öz

The achievement of sustainable development
goals is depending on different factors. The aim of this article is to investigate
the relationship between the renewable energy and the sustainable development.
We employed the endogenous variable the adjusted net savings as the sustainable
development factor, the renewable energy consumption as the exogenous variable,
following by the control variables the gross fixed capital formation and the
labour force. This work is done for 17 OECD countries during the period of
1990-2017. We assumed a balanced panel model, and we employed a panel random
effect model and a panel ARDL cointegration model. The outcomes showed that the
renewable energy consumption has a negative and significant impact on the
adjusted net saving in the short-run, but in the long-term the renewable energy
consumption has a positive influence on the sustainable development factor. Also,
a bidirectional panel Granger causality was established between both variables.

Anahtar Kelimeler

The sustainable development, The adjusted net saving, the renewable energy, OECD countries, The panel data analysis

Kaynakça

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