Energy efficiency, renewable energy, economic growth: evidence from emerging market economies

Bayar, Yılmaz; Gavriletea, Marius Dan

doi:10.1007/s11135-019-00867-9

Cited by 77 publications

(22 citation statements)

References 30 publications

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“…The literature has recently revealed wide attention in the association linking dis(aggregate) energy use, economic growth (hereafter EG), and pollution. The existing literature can be separated into three areas of study (see Section 2): the first strand includes the existing energy literature, which handles a large range of studies of varied findings lying on the connection among the use of green energy and EG (e.g., [21][22][23][24][25][26], among others); the second strand combines a branch of research that treats the renewable energy consumption-environment nexus (e.g., [15,16,[27][28][29][30], among others); the third strand includes the existing literature, which presents practical proof on the association linking CO 2 emissions and EG, indicating the famous theory of Environmental Curve of Kuznets, e.g., [31][32][33][34][35][36]. As the connection between the environment and income continues to be indecisive within the environmental Kuznets curve (EKC), further research may offer the debate valuable information in previously uninvestigated regions and countries.…”

Section: Introductionmentioning

confidence: 99%

Green Energy, Economic Growth and Environmental Quality Nexus in Saudi Arabia

2021

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This article extends the previous studies on environmental economics literature by examining a possible relationship between economic growth, green energy, and environmental quality. Specifically, this article investigated the three-way linkage between economic growth, renewable energy, and environmental quality in the case of Saudi Arabia using the simultaneous equation modeling approach over the period of 1990–2016. The following are the main findings obtained: (i) a unidirectional causal impact of economic growth on renewable energy consumption was found, confirming the conservation hypothesis; (ii) bidirectional relationships between economic growth and CO2 emissions and between CO2 emissions and renewable energy consumption were also found; (iii) the failure of renewable energy in Saudi Arabia to close the gap between growing the economy and protecting the environment in Saudi Arabia; (iv) the environmental Kuznets curve (EKC) hypothesis was supported. Policy implications are also discussed.

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Section: Introductionmentioning

confidence: 99%

Green Energy, Economic Growth and Environmental Quality Nexus in Saudi Arabia

2021

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“…Based on these results, Rajbhandari and Zhang 16 suggested that energy efficiency in the middle‐ and low‐income countries contribute to the GDP in the long run. Following Rajbhandari and Zhang, 16 Bayar and Gavriletea 40 found that energy efficiency caused economic growth in 22 developing countries, whereas Go et al 41 detected such causality in Malaysia. Şener and Karakaş 28 examined the impact of economic growth on energy efficiency in 62 countries by implementing a different method compared to their previous studies.…”

Section: Literature Reviewmentioning

confidence: 99%

Toward a sustainable economic development in the EU member states: The role of energy efficiency‐intensity and renewable energy

Pehlivanoğlu

Koçbulut

Akdağ

et al. 2021

Intl J of Energy Research

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While aiming to reach its 20% energy efficiency target for 2020 and subsequently reaching at least 32.5% by 2030, the European Union (EU) countries are consistently encouraged to implement the bloc's energy efficiency directives of 2012/27/EU and the (EU) 2018/2002. Without sacrificing existing energy standards and environmental quality, the EU has consistently favored behavioral and economic changes that are capable of increasing energy efficiency. In view of this motivation, this study examines the impact of energy efficiency on economic growth in 21 EU member countries over the 1995-2016 period. Importantly, the study examined both the regional and country-specific impacts of energy intensity, energy dependency, and renewable energy utilization on economic expansion. With a respective elasticity of 0.94, 0.17, and 0.01 by the MG (Mean Group) estimator, we found that energy efficiency, renewable energy utilization, and energy dependency positively trigger economic expansion in the region. This result does not only provide a desirable economic

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“…In the field of energy economics, primary drivers of renewable energy consumption and its causal linkages with other factors have been primarily examined chiefly as part of economic growth (Pao and Fu, 2013;Lin and Moubarak, 2014;Kahia et al, 2017;Maji et al, 2019;Bayar and Gavriletea, 2019;Rahman and Velayutham, 2020). In addition to this, some studies investigate the linkages between oil prices and renewable energy consumption (Henriques and Sadorsky, 2008;Sadorsky, 2009;Payne, 2012;Payne, 2014a, Brini et al, 2017).…”

Section: Literature Reviewmentioning

confidence: 99%

THE CAUSAL LINKAGES between RENEWABLE ENERGY CONSUMPTION, ECONOMIC GROWTH, OIL PRICES and CO2 EMISSIONS in SELECTED OECD COUNTRIES

Cengiz

Manga

2021

Verimlilik Dergisi

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It is aimed to examine the relationship between Renewable Energy Consumption (REN), Economic Growth (GDP), Oil Prices (OP), and CO 2 emissions (CO 2 ) in selected OECD countries by using the data for the period 1980-2014. Methodology: In the study, Kónya Panel Bootstrap causality method is utilized to determine the relationship between variables. Findings: Firstly, there is a bidirectional causality relationship between REN and CO 2 for Canada and Italy; there is a one-way linkage from REN to CO 2 in Greece and Ireland, while there is unidirectional causality from CO 2 to REN in Austria, Switzerland, and United States. Secondly, there exists a bidirectional causality relationship between the REN and GDP in Italy. In contrast, there is a one-way causality linkage from GDP to REN in Switzerland and Belgium and from REN to GDP in the Netherlands. Thirdly, it is found that there is a bidirectional causality relationship between REN and OP in the United States; there is a one-way causality linkage from OP to REN in Austria, Greece, Italy, Portugal, Spain, and Switzerland, from REN to OP in Japan. Originality: The study has originality in that it examines the relationship among the variables for the selected OECD countries and through Kónya causality method.

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Energy efficiency, renewable energy, economic growth: evidence from emerging market economies

Cited by 77 publications

References 30 publications

Green Energy, Economic Growth and Environmental Quality Nexus in Saudi Arabia

Green Energy, Economic Growth and Environmental Quality Nexus in Saudi Arabia

Toward a sustainable economic development in the EU member states: The role of energy efficiency‐intensity and renewable energy

THE CAUSAL LINKAGES between RENEWABLE ENERGY CONSUMPTION, ECONOMIC GROWTH, OIL PRICES and CO2 EMISSIONS in SELECTED OECD COUNTRIES

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