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Renewable energy consumption and robust globalization(s) in OECD countries: Do oil, carbon emissions and economic activity matter?
Energy Strategy Reviews ( IF 7.9 ) Pub Date : 2020-09-17 , DOI: 10.1016/j.esr.2020.100535
Hemachandra Padhan , Purna Chandra Padhang , Aviral Kumar Tiwari , Rizwan Ahmed , Shawkat Hammoudeh

This study examines the impact of globalization(s) on renewable energy consumption in OECD countries by endogenizing per capita GDP, oil prices and per capita carbon emissions. We use robust globalization(s) as measured by the “classic”, “reconstructed” and “revisited” globalization indexes. The novel method of Machado and Silva Panel quantile regression (2019) approach is used to obtain robust findings for the renewable energy consumption-globalization nexus. The results confirm the presence of a long-run association between renewable energy consumption with globalization(s), per capita GDP, oil prices and per capita carbon emissions. The empirical results also describe that there are positive effects for per capita income, the real price of oil and carbon emissions per capita on the renewable energy consumption. In addition, a higher level of (overall, economics, social and political) classic globalization promotes renewable energy consumption, while the “reconstructed” and “revisited” economic globalization reduces the use of renewable energy consumption, and this finding is also robust to different measures of economic globalization. Moreover, the panel quantile regression reveals that renewable energy consumption increases the domestic economy in the middle (0.50) quantile group of the population through importing more advanced technology and positive spilling over markets, while the lower quantile group and the higher quantile group of the population are using non-renewable (coal, wood) energy because of the livelihood practice that is based on coal and wood (for the lower quantiles group of the population) and for the sake of speedy growth (for the higher quantiles group of the population) that worsens the environmental quality without caring for the contents of globalization.



中文翻译:

经合组织国家的可再生能源消耗和强劲的全球化:石油,碳排放和经济活动是否重要?

这项研究通过人均国内生产总值,石油价格和人均碳排放量的内生性检验了全球化对经合组织国家可再生能源消费的影响。我们使用按“经典”,“重构”和“重新审视”全球化指数衡量的稳健全球化。Machado和Silva Panel分位数回归(2019)方法的新方法用于获得可再生能源消耗-全球化联系的可靠发现。结果证实,可再生能源消耗与全球化,人均GDP,石油价格和人均碳排放之间存在长期的联系。实证结果还表明,人均收入,人均石油和碳排放的实际价格对可再生能源消费产生积极影响。此外,较高水平的(总体,经济,社会和政治)经典全球化促进了可再生能源的消费,而“重构”和“重新审视”的经济全球化减少了可再生能源的使用,这一发现对于不同的经济衡量标准也是有力的全球化。此外,面板分位数回归显示,可再生能源消耗通过引进更先进的技术和积极的市场溢出而促进了人口中间(0.50)群体的国内经济,而较低分位数的群体和较高分位数的群体正在使用不可再生能源(煤炭,

更新日期:2020-09-18
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