DOI: 10.1080/13504509.2019.1679274
论文题名: Does renewable energy affect economic growth? Evidence from panel data estimation of BRIC countries
作者: Venkatraja B.
刊名: International Journal of Sustainable Development and World Ecology
ISSN: 13504509
出版年: 2020
卷: 27, 期: 2 语种: 英语
英文关键词: BRIC
; clean energy
; economic growth
; Renewable energy
; sustainability
; sustainable energy
Scopus关键词: alternative energy
; developing world
; economic growth
; electricity generation
; environmental economics
; Gross Domestic Product
; Kyoto Protocol
; panel data
; sustainability
; Brazil
; China
; India
; Russian Federation
英文摘要: Since the Kyoto Protocol Agreement 1997, the global community is striving towards implementing renewable energy practices and thereby contribute to the sustainability of growth. Committing to this cause, developed and emerging economies have been increasing the production and consumption of renewable energy in absolute terms. The growth hypothesis states that economic growth of the country is negatively affected when the share of renewable energy to total energy mix increases. While other hypotheses contradict with this notion and such contradiction has created a vacuum in the literature. This paper has the objective to study the impact of changes in the share of renewable energy to the total energy mix and test the validity of growth hypothesis applying to the BRIC (Brazil, Russia, India and China) countries. The study uses the secondary data covering the period 1990–2015. Share of renewable energy consumption in total energy consumption and share of renewable electricity output in total energy output have been taken as proxies to renewable energy, and economic growth is measured by GDP per capita. A panel regression model has been estimated and the result finds evidence to support the growth hypothesis. It is found that the decreasing share of renewable energy to the total energy might have contributed to the faster economic growth in BRIC region. It implies that in BRIC countries, if the share of renewable energy to total energy increases, the economic growth will have negative impact. © 2019, © 2019 Informa UK Limited, trading as Taylor & Francis Group. Citation statistics:
资源类型: 期刊论文
标识符: http://119.78.100.158/handle/2HF3EXSE/159255
Appears in Collections: 气候变化与战略
There are no files associated with this item.
作者单位: Department of Economics, Shri Dharmasthala Manjunatheshwara Institute for Management Development (SDMIMD), Mysore, India
Recommended Citation:
Venkatraja B.. Does renewable energy affect economic growth? Evidence from panel data estimation of BRIC countries[J]. International Journal of Sustainable Development and World Ecology,2020-01-01,27(2)