DOI: 10.1016/j.enpol.2020.111295
论文题名: Renewable energy consumption and economic growth nexus: Evidence from a threshold model
作者: Chen C. ; Pinar M. ; Stengos T.
刊名: Energy Policy
ISSN: 03014215
出版年: 2020
卷: 139 语种: 英语
中文关键词: Economic growth
; Non-linear effects
; OECD countries
; Panel data
; Renewable energy consumption
; Threshold
英文关键词: Developing countries
; Economics
; Energy utilization
; Investments
; Economic growths
; Nonlinear effect
; OECD countries
; Panel data
; Renewable energy consumption
; Threshold
; Economic and social effects
; alternative energy
; developing world
; economic growth
; energy use
; nonlinearity
; OECD
; panel data
; threshold
英文摘要: The existing literature on renewable energy consumption and economic growth nexus produces mixed results as the effect of renewable energy consumption on economic growth can be either positive, negative or not significant. This paper examines the causal link between renewable energy use and economic growth by employing a threshold model using a 103-country sample in the 1995 to 2015 period. We find that the relationship between renewable energy consumption and economic growth depends on the amount of renewable energy used. Our results demonstrate that the effect of renewable energy consumption on economic growth is positive and significant if and only if developing countries or non-OECD countries surpass a certain threshold of renewable energy consumption. However, if developing countries use renewable energy below a given threshold level, the effect of renewable energy consumption on economic growth is negative. However, we also find that renewable energy consumption has no significant effect on economic growth in developed countries and a positive and significant effect on economic growth in OECD countries. The findings of this paper suggest that for developing countries to realize positive economic growth from their investment to renewable energy, they need to surpass a certain threshold of renewable energy consumption. © 2020 Elsevier Ltd Citation statistics:
资源类型: 期刊论文
标识符: http://119.78.100.158/handle/2HF3EXSE/167071
Appears in Collections: 气候变化与战略
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作者单位: Department of Economics and Finance, University of Guelph, Guelph, Ontario N1G 2W1, Canada; Business School, Edge Hill University, Ormskirk, Lancashire L39 4QP, United Kingdom
Recommended Citation:
Chen C.,Pinar M.,Stengos T.. Renewable energy consumption and economic growth nexus: Evidence from a threshold model[J]. Energy Policy,2020-01-01,139