Renewable energy consumption and economic growth nexus: Evidence from a threshold model

Chen, Chaoyi; Pinar, Mehmet; Stengos, Thanasis

doi:10.1016/j.enpol.2020.111295

Cited by 290 publications

(153 citation statements)

References 64 publications

(122 reference statements)

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“…The existence of differences among energy transition patterns of countries is in line with Chen et al (2019) and Chen et al (2020) who found out the dissimilar relationship between carbon dioxide emissions and renewable energy consumption across different regions.…”

Section: Concluding Remarks and Policy Recommendationssupporting

confidence: 70%

Analyzing Energy Transition Patterns in Asia: Evidence From Countries With Different Income Levels

Taghizadeh–Hesary¹,

Rasoulinezhad²

2020

Front. Energy Res.

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Energy transition as the issue of striving to use more environmentally friendly energy sources instead of fossil fuels is a crucial debate for scholars. A key point is how macroeconomic variables can accelerate the energy transition movement in different regions, which may lead to similarities in energy transition patterns among various regions. The main purpose of this study is to determine how energy transition patterns depend on economic variables in Asian economies, classifying based on their income level. To this end, we collected the related variables for 45 economies in Asia over the period 1993-2018 and conducted estimation using the generalized method of moments (GMM) approach. The major results revealed that economic growth has a positive relationship with the energy transition, while CO 2 emissions negatively influence energy transition. Furthermore, in both sub-sample groups (i.e., high and upper-middle-income and low and lower-middle-income groups) an increase in population lows the energy transition process. As an important recommendation, Asian economies with different income levels need different policies to improve and accelerate the energy transition movements. Especially in the developing and emerging economies that have higher economic growth rate and more energy demand, the governments need to implement various supportive policies for easing the access to electricity from green resources in line with the sustainable development goals (SDGs). This is more essential in the current low oil price era.

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Section: Concluding Remarks and Policy Recommendationssupporting

confidence: 70%

Analyzing Energy Transition Patterns in Asia: Evidence From Countries With Different Income Levels

Taghizadeh–Hesary¹,

Rasoulinezhad²

2020

Front. Energy Res.

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“…The study results of Chen et al [15] show that for developing countries to achieve positive economic growth through investment in renewable energy, they need to overcome a certain threshold of renewable energy consumption.…”

Section: Economic Growthmentioning

confidence: 99%

Ukraine Energy Sector Management Using Hybrid Renewable Energy Systems

et al. 2020

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The Ukrainian energy sector is one of the most inflexible energy sectors in the world as a result of the almost complete depreciation of the equipment of the main sources of power supply: nuclear, thermal, and hydropower. In connection with existing problems, there is a need to develop and use new energy-saving technologies based on renewable energy sources. In this proposed research, a regression model of renewable energy growth in the energy sector of Ukraine was developed. The studied literature reveals that the independent use of individual functioning elements of renewable energy sources function as the primary power source that is not an optimal solution for stable energy supply. This study proposes the use of hybrid renewable energy systems, namely a combination of two or more renewable energy sources that will help each other to achieve higher energy efficiency, accelerate the growth of renewable energy in the share of the Ukrainian energy sector and/or improve functioning with battery energy storages. Moreover, the use of hybrid renewable energy systems in Ukraine will reduce the human impact on the environment, realize the potential of local renewable energy resources and also increase the share of electricity generation from renewable energy sources. Therefore, mechanisms for managing state regulation of stimulating the development of hybrid renewable energy systems have been developed.

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“…Their findings revealed that renewable energy production is associated with a positive and statistically significant impact on economic growth in both developed and developing countries for the period 1995 to 2016.Their results also showed that the impact of renewable energy production on economic growth is higher in developing economies, as compared to developed economies. Chen, Pinar, and Stengos (2020) examined the causal relationship between renewable energy use and economic growth by employing a threshold model using a 103-country sample from 1995 to 2015 period and found that the effect of renewable energy consumption on economic growth is positive and significant if and only if developing countries surpass a certain threshold of renewable energy consumption. Their results further revealed that if developing countries use renewable energy below a given threshold level, the effect of renewable energy consumption on economic growth is negative.…”

Section: Literature Reviewmentioning

confidence: 99%

The Short and Long Run Effect of Domestic Investment, Foreign Direct Investment and Renewable Energy on Economic Development: Evidence from Cameroon

Afumbom

Fosah

Dinga

2020

Asian Development Policy Review

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Renewable energy consumption and economic growth nexus: Evidence from a threshold model

Cited by 290 publications

References 64 publications

Analyzing Energy Transition Patterns in Asia: Evidence From Countries With Different Income Levels

Analyzing Energy Transition Patterns in Asia: Evidence From Countries With Different Income Levels

Ukraine Energy Sector Management Using Hybrid Renewable Energy Systems

The Short and Long Run Effect of Domestic Investment, Foreign Direct Investment and Renewable Energy on Economic Development: Evidence from Cameroon

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