期刊
ENERGY SOURCES PART B-ECONOMICS PLANNING AND POLICY
卷 7, 期 3, 页码 230-240出版社
TAYLOR & FRANCIS INC
DOI: 10.1080/15567240902839294
关键词
Granger-causality; growth panel; renewable energy consumption
This study examines the causal relationship between renewable energy consumption and economic growth for 80 countries within a multivariate panel framework over the period 1990-2007. The results of the panel cointegration test indicates there is a long-run equilibrium relationship between real gross domestic product, renewable energy consumption, real gross fixed capital formation, and the labor force with the respective coefficient estimates positive and statistically significant. The results from the panel error correction model reveal bidirectional causality between renewable energy consumption and economic growth in both the short-run and long-run.
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