A revisited renewable consumption-growth nexus: A continuous wavelet approach through disaggregated data

Bilgili, Faik; Kuşkaya, Sevda; Toğuç, Nurhan; Muğaloğlu, Erhan; Koçak, Emrah; Bulut, Ümit; Bağlıtaş, H. Hilal

doi:10.1016/j.rser.2019.02.017

Cited by 38 publications

(10 citation statements)

References 97 publications

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“…In Model 4, the SOLAR_T has major influence on economic growth. Our empirical findings are in line with those of Ewing et al (2007), Bildirici and Gokmenoglu (2017), , Tugcu (2018), Bilgili et al (2019), Bulut and Inglesi-Lotz (2019), who all concluded similar results as our study results. Similarly, the Johnson method with Fisher influence known as "Fisher-type panel cointegration test" applied for further analysis.…”

Section: Cointegration and Causality Examinationsupporting

confidence: 93%

Do renewable energy sources improve clean environmental-economic growth? Empirical investigation from South Asian economies

Anser

Shabbir

Tabash

et al. 2021

Energy Exploration & Exploitation

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This study investigates the causal relationship between renewable energy sources and clean environmental economic growth among South Asian economies. This study comprises the panel data sets for eight (8) South Asian countries, and data start from 2003 to 2017. This study implies a Hausman test to identify which particular tests are more suitable and selected a fixed effect test and granger causality test for effective analysis perspective. Moreover, this study further relies on the panel vector error correction model (PVECM) test to suggest for long-run relationship existence among variables. Furthermore, the evaluation of the panel and the dynamic ordinary least squares regression shows that the production of renewable energy has compelled an effect on economic growth. While other sources of energy for instance, hydropower, geothermal, wind, and solar, have valuable and considerable influence on the economic growth of South Asian economies. The results reveal with these remarks the existence of positive associations among productions of renewable energies, energy dependence, and gross domestic product per capita. The obtained results reveal that renewable energy sources show a momentous effect on the economic growth of South Asian economies.

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Section: Cointegration and Causality Examinationsupporting

confidence: 93%

Do renewable energy sources improve clean environmental-economic growth? Empirical investigation from South Asian economies

Anser

Shabbir

Tabash

et al. 2021

Energy Exploration & Exploitation

View full text Add to dashboard Cite

show abstract

“…While in our analysis, third model demonstrates that the variable WIND has a significant impact on growth. On the other hand, Bilgili and Kuskaya (2019), Ewing et al (2007), Bulutand Inglesi-Lotz (2019), and Menegaki and Tugcu (2016a, b) all came to similar conclusions. Although solar PV energy has insignificant impact on economic growth (Table 7).…”

Section: Analysis Of Fixed Effectsmentioning

confidence: 81%

The dynamic impact of renewable energy sources on environmental economic growth: evidence from selected Asian economies

Anser

Usman

Sharif

et al. 2021

Environ Sci Pollut Res

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The linkage between renewable energy resources and environmental influences on economic growth among selected Asian economies play a vital role in sustainable economic development. This study encompasses the panel data sets for eight selected Asian countries, and the period starts from 1990 to 2018. This research relies on the panel vector error correction model (PVECM) for data estimation. The overall findings indicate that biomass, geothermal, and wind power sources of energy have a positive and significant impact on the economic advancement of Asian economies. Besides that, as opposed to the other two renewable energy sources, windpower has a greater impact on economic development. Furthermore, the empirical findings of current research have significant implications towards selected Asian countries' energy policy related to both private and public sector enterprises as it helps in identifying the industrial sectors which have greater contribution towards the economy and their energy requirements in long term.

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“…It can be used for filtering, denoising, multi-resolution time-frequency analysis, especially for non-stationary signal analysis. Currently, wavelet analysis is widely applied to the economy, such as renewable energy consumption and economic growth [ 31 , 32 ], CO 2 emissions and economic growth [ 33 ], and oil prices and economic fluctuations [ 34 ], etc. Ousama Ben-Salha et al use the wavelet analysis and demonstrate that the relationship between the U.S. output and the aggregate energy used by source varies across frequencies and evolves over time [ 35 ].…”

Section: Methodsmentioning

confidence: 99%

The association of COVID-19 nexus on China’s economy: A financial crisis or a health crisis?

Pan²,

Pan³

et al. 2022

PLoS ONE

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This paper analyses the interaction between the novel coronavirus pandemic (COVID-19), unemployment rate, stock market, consumer confidence index (CCI), and economic policy uncertainty (EPU) index in China within a time-frequency framework. We compare the changes in economic indicators during the global financial crisis (GFC) and study the different impacts of the two events on China’s economy. An unprecedented impact of COVID-19 shocks on the unemployment rate, CCI, EPU index, and stock market volatility over the low frequency bands is uncovered by applying the coherence wavelet method to China monthly data. The COVID-19 effect on the stock market volatility and the EPU index is substantially higher than on the unemployment rate and the CCI. On the contrary, the GFC’s impact on the unemployment rate is much greater than that on the EPU index and CCI. Additionally, the impact of the GFC on the economy is more cyclical in the long-term, while the COVID-19 pandemic is a short-term shock with a relatively short oscillation cycle. This study concludes that the economic impact of COVID-19 will not spread into a financial crisis for China and believe that the COVID-19 pandemic is more of a health event than an economic crisis for Chinese economy.

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A revisited renewable consumption-growth nexus: A continuous wavelet approach through disaggregated data

Cited by 38 publications

References 97 publications

Do renewable energy sources improve clean environmental-economic growth? Empirical investigation from South Asian economies

Do renewable energy sources improve clean environmental-economic growth? Empirical investigation from South Asian economies

The dynamic impact of renewable energy sources on environmental economic growth: evidence from selected Asian economies

The association of COVID-19 nexus on China’s economy: A financial crisis or a health crisis?

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