Journal
RENEWABLE & SUSTAINABLE ENERGY REVIEWS
Volume 40, Issue -, Pages 111-117Publisher
PERGAMON-ELSEVIER SCIENCE LTD
DOI: 10.1016/j.rser.2014.07.128
Keywords
Renewable energy consumption; Economic growth; China
Funding
- Newhuadu Business School Research Fund
- China Sustainable Energy Program [G-1305-18257]
- Ministry of Education [10JBG013]
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The aim of this paper is to investigate the relationship between renewable energy consumption and economic growth in China for the period 1977-2011. Autoregressive Distributed Lag approach (ARDL) to cointegration and Johansen cointegration techniques are employed by including intermittent variables namely carbon dioxide emissions and labor. We also employed Granger causality test in order to determine the direction of the causality among the variables. The results show that there is a bi-directional long term causality between renewable energy consumption and economic growth. This finding implies that growing economy in China is propitious for the development of renewable energy sector which in turn helps to boost economic growth. We also find that labor influences renewable energy consumption in the short term. However, there is no evidence of long or short run causality between carbon emissions and renewable energy consumption. This implies that actual level of renewable energy in China is still insignificant and not considerably exploited in order to contribute to the mitigation of carbon dioxide emissions. (C) 2014 Elsevier Ltd. All rights reserved.
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