期刊名称：International Journal of Energy Economics and Policy
电子版ISSN：2146-4553
出版年度：2017
卷号：7
期号：2
页码：61-64
语种：English
出版社：EconJournals
摘要：In this paper, we analyze the long-run causality relationship between renewable/clean energy consumption and economic growth during the period 1990-2012 for 42 developing countries, under the Canning and Pedroni (2008) long-run causality test, which indicates that there is long-run positive causality running from renewable energy to real GDP. This means that for developing countries where renewable energy consumption has a positive long-run causal effect on real GDP, renewable energy dependent conservation policies have prohibitive impact on economic growth. Moreover, government’s\energy policies should encourage the development of clean energy sector instead of polluted energy sector for energy security and environmental challenges. Keywords: Renewable energy; Economic growth; Developing countries JEL Classifications : O10; Q20
其他摘要：In this paper, we analyze the long-run causality relationship between renewable/clean energy consumption and economic growth during the period 1990-2012 for 42 developing countries, under the Canning and Pedroni (2008) long-run causality test, which indicates that there is long-run positive causality running from renewable energy to real GDP. This means that for developing countries where renewable energy consumption has a positive long-run causal effect on real GDP, renewable energy dependent conservation policies have prohibitive impact on economic growth. Moreover, government’s\energy policies should encourage the development of clean energy sector instead of polluted energy sector for energy security and environmental challenges. Keywords: Renewable energy; Economic growth; Developing countries JEL Classifications : O10; Q20
