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Analyzing the relationship between economic growth and electricity consumption from renewable and non-renewable sources: Fresh evidence from newly industrialized countries
Sustainable Energy Technologies and Assessments ( IF 7.1 ) Pub Date : 2021-01-16 , DOI: 10.1016/j.seta.2021.100991
Anam Azam , Muhammad Rafiq , Muhammad Shafique , Haonan Zhang , Muhammad Ateeq , Jiahai Yuan

This study analyzes the impact of renewable electricity consumption on economic growth for the panel of 10 newly industrialized countries from 1990 to 2015. For this, panel unit root tests, panel heterogeneous co-integration method, panel Fully Modified Ordinary Least Square and the Granger causality method are employed. The primary outcomes of this study are as follows: (1) panel unit root test and panel co-integration method confirm that the economic growth, renewable electricity consumption, non-renewable electricity consumption, gross capital formation, labor force and trade openness are co-integrated, (2) panel Fully Modified Ordinary Least Square confirms that all studied variables have a positive long-run effect on economic growth, a 1% increase in renewable and non-renewable electricity consumption increased economic growth by 0.095% and 0.017% respectively, (3) the outcomes from Granger causality test also illustrates that there is bidirectional causation between renewable electricity consumption and economic growth in both the short-run and long-run that supports the feedback hypothesis. From the empirical findings, the feedback hypothesis is valid for newly industrialized countries.



中文翻译:

分析经济增长与可再生和不可再生能源消耗之间的关系:新兴工业化国家的最新证据

这项研究分析了1990年至2015年间10个新兴工业化国家的小组的可再生电力消耗对经济增长的影响。为此,小组进行了单位根检验,小组异质协整方法,完全修正的普通最小二乘小组和Granger因果关系使用方法。这项研究的主要结果如下:(1)面板单位根检验和面板协整方法证实了经济增长,可再生电力消耗,不可再生电力消耗,资本形成总额,劳动力和贸易开放度是共同的。集成,(2)完全修正的普通最小二乘面板确认,所有研究变量均对经济增长产生长期长期积极影响,可再生和不可再生电力消耗增加1%将经济增长增加0.095%和0。分别为017%,(3)Granger因果关系检验的结果还表明,短期和长期的可再生电力消耗与经济增长之间存在双向因果关系,这支持了反馈假设。根据经验发现,反馈假设对新兴工业化国家有效。

更新日期:2021-01-18
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