期刊名称：International Journal of Energy Economics and Policy
电子版ISSN：2146-4553
出版年度：2020
卷号：10
期号：5
页码：479-484
DOI：10.32479/ijeep.10206
出版社：EconJournals
摘要：Renewable energy is replenished on a human timescale. The concern for the use of renewable energy is growing across the globe due to depleting nonrenewable sources and various environmental issues. We construct a model of sustainable development to demonstrate the causality and co-integration between Foreign Direct Investment (FDI) inflows and renewable energy consumption. We consider data of select 43 countries for the period from 2005 to 2017 and apply panel data analysis. The results reveal a unidirectional causality from renewable energy consumption to FDI inflows and the presence of a long-run relationship. Consequently, the constructed model will assist the government, non-government organizations, and companies in evaluating the significance of renewable energy and FDI inflows in sustainable development.
关键词：Renewable Energy;Foreign Direct Investment;Sustainable Development;Causation Effect;Co-integration
