The development of green economy is of academic and policy importance to governments and policymakers worldwide. In the light of the necessity of renewable energy to sustain green economic growth, this study aims to examine the relationship between renewable energy consumption and green economic growth, controlling for the impact of trade openness for Organization for Economic Co-operation and Development countries over the period 1990-2015, within a multivariate panel data framework.,To investigate the long-run relationship between variables, panel cointegration tests are performed. Panel Granger causality based on vector error correction models is adopted to understand the short- and long-run dynamics of the data. Furthermore, ordinary least square (OLS), dynamic OLS and fully modified OLS methods are used to confirm the long-run elasticity of green growth for renewable energy consumption and trade openness. Moreover, system generalized method of moment is applied to eliminate serial correlation, heteroscedasticity and endogeneity problems. The authors used the panel Granger causality test developed by Dumitrescu and Hurlin (2012) to infer the directionality of the causal relationship, allowing for both the cross-sectional dependence and heterogeneity.,The results suggest that renewable energy consumption and trade openness exert positive effects on green economic growth. The results of long-run estimates of green economic growth reveal that the long-run elasticity of green economic growth for trade openness is much greater than for renewable energy consumption. The estimated results of the Dumitrescu and Hurlin (2012) test reveal bidirectional causality between green economic growth and renewable energy consumption, providing support for the feedback hypothesis.,This paper provides strong evidence of the contribution of renewable energy consumption on green economy for a wide range of countries. Despite the costs of establishing renewable energy facilities, it is evident that these facilities contribute to the green growth of an economy. Governments and public authorities should promote the consumption of renewable energy and should have a support policy to promote an active renewable energy market. Furthermore, the regulators must constitute an efficient regulatory framework to favor the renewable energy consumption.,Many countries focus on increasing their GDP without taking the environmental impacts of the growth process into account. This paper shows that renewable energy consumption points to the fact that countries can still increase their economic growth with minimal damage to environment. Despite the costs of adopting renewable energy technologies, there is still room for economic growth.,This paper provides evidence on the contribution of renewable energy consumption on green economic growth for a wide range of countries. The paper focuses on the impact of renewable energy on economic growth by taking environmental degradation into consideration on a wide scale of countries.

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可再生能源是否促进了经合组织国家的绿色经济增长？

绿色经济的发展对世界各国政府和政策制定者具有学术和政策重要性。鉴于可再生能源对维持绿色经济增长的必要性，本研究旨在检验可再生能源消费与绿色经济增长之间的关系，控制经济合作与发展组织国家贸易开放对全球经济的影响。 1990-2015 年期间，在多元面板数据框架内。为了研究变量之间的长期关系，进行了面板协整检验。采用基于向量误差校正模型的面板格兰杰因果关系来理解数据的短期和长期动态。此外，普通最小二乘法（OLS），动态 OLS 和完全修改的 OLS 方法用于确认可再生能源消费和贸易开放的绿色增长的长期弹性。此外，还应用系统广义矩法来消除序列相关性、异方差性和内生性问题。作者使用 Dumitrescu 和 Hurlin (2012) 开发的面板 Granger 因果关系检验来推断因果关系的方向性，考虑到横截面依赖性和异质性。结果表明可再生能源消费和贸易开放发挥了积极作用关于绿色经济增长。绿色经济增长的长期估计结果表明，绿色经济增长对贸易开放的长期弹性远大于可再生能源消费。Dumitrescu 和 Hurlin (2012) 检验的估计结果揭示了绿色经济增长与可再生能源消费之间的双向因果关系，为反馈假设提供了支持。,本文为可再生能源消费对绿色经济的贡献提供了强有力的证据。国家范围。尽管建立可再生能源设施的成本很高，但很明显这些设施有助于经济的绿色增长。政府和公共部门应促进可再生能源的消费，并应制定支持政策以促进活跃的可再生能源市场。此外，监管机构必须建立一个有效的监管框架，以支持可再生能源消费。许多国家专注于增加国内生产总值，而没有考虑增长过程对环境的影响。本文表明，可再生能源消费表明，各国仍然可以在对环境破坏最小的情况下实现经济增长。尽管采用可再生能源技术的成本很高,但经济增长仍有空间。,本文提供了可再生能源消费对广泛国家绿色经济增长贡献的证据。本文将环境退化纳入考虑范围，重点关注可再生能源对经济增长的影响。本文表明，可再生能源消费表明，各国仍然可以在对环境破坏最小的情况下实现经济增长。尽管采用可再生能源技术的成本很高,但经济增长仍有空间。,本文提供了可再生能源消费对广泛国家绿色经济增长贡献的证据。本文将环境退化纳入考虑范围，重点关注可再生能源对经济增长的影响。本文表明，可再生能源消费表明，各国仍然可以在对环境破坏最小的情况下实现经济增长。尽管采用可再生能源技术的成本很高,但经济增长仍有空间。,本文提供了可再生能源消费对广泛国家绿色经济增长贡献的证据。本文将环境退化纳入考虑范围，重点关注可再生能源对经济增长的影响。