The present study investigates the effects of renewable energy, nonrenewable energy, and foreign direct investment (FDI) on output growth in the five South Asian economies. For this purpose, a panel growth model has developed over the period 1990–2018. Pedroni cointegration estimates indicate that renewable, nonrenewable energy, FDI, and gross domestic product (GDP) are cointegrated. The results from the panel fully modified ordinary least squares (FMOLS) depict the nonrenewable energy stimulates output growth. FDI also has a positive impact on output growth. Besides, the empirical results confirm that renewable energy has a significant and positive impact on output growth in the South Asian economies. The findings suggest that South Asian economies should investment in renewable energy for sustainable economic development.

中文翻译：

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可再生能源能促进经济增长吗？来自南亚经济体的新证据

本研究调查了可再生能源、不可再生能源和外国直接投资 (FDI) 对五个南亚经济体产出增长的影响。为此，在 1990 年至 2018 年期间开发了面板增长模型。Pedroni 协整估计表明可再生能源、不可再生能源、FDI 和国内生产总值 (GDP) 是协整的。面板完全修正的普通最小二乘法 (FMOLS) 的结果描绘了不可再生能源刺激产出增长。FDI 对产出增长也有积极影响。此外，实证结果证实，可再生能源对南亚经济体的产出增长具有显着的积极影响。调查结果表明，南亚经济体应投资可再生能源以实现可持续经济发展。