Do Renewable and Non-Renewable Energy Have Asymmetric Impacts on Total Factor Productivity Growth? Evidence From 17 Asia-Pacific Countries

Abstract

This paper examines the asymmetric impacts of renewable energy intensity (REI) and non-renewable energy intensity (NREI) on total factor productivity (TFP) growth in 17 Asia-Pacific countries during 1990–2018. The results reveal that REI positively impacts TFP growth in the long run, while NREI harms TFP growth in the short run. However, the study finds NREI has an asymmetric impact on TFP growth. This study suggests intensifying renewable energy usage in the production process to achieve sustainable growth.