Renewable energy and growth: Evidence from heterogeneous panel of G7 countries using Granger causality

RENEWABLE & SUSTAINABLE ENERGY REVIEWS

卷:52

Review

Chang, Tsangyao¹  Gupta, Rangan²  Inglesi-Lotz, Roula²  Simo-Kengne, Beatrice²  Smithers, Devon²  Trembling, Amy² 

[1] Feng Chia Univ, Dept Finance, Taichung 40724, Taiwan

[2] Univ Pretoria, Dept Econ, ZA-0002 Pretoria, South Africa

关键词: Renewable energy;    Economic growth;    G7 countries;    Panel causality;   

DOI  :  10.1016/j.rser.2015.08.022

来源: Elsevier

【 摘 要 】

In this paper we examine the causal relationship between renewable energy consumption and economic growth across the G7 countries, using annual data for the period of 1990-2011. By employing the causality methodology proposed by Emirmahmutoglu and Kose (2011) [8], we investigate if there is a causal relationship between the variables. The advantage of this methodology is that it takes into account possible slope heterogeneity and cross-sectional dependency in a multivariate panel. The empirical results support the existence of a bi-directional causal relationship between economic growth and renewable energy for the overall panel. However, looking at the individual results for each country, the neutrality hypothesis is confirmed for Canada, Italy and the US; while for France and UK there is a unidirectional causality from GDP to renewable energy, and the opposite for Germany and Japan. (C) 2015 Elsevier Ltd. All rights reserved.

【 授权许可】

Free