气候变化领域集成服务门户(CCPortal): Renewable energy consumption and economic growth nexus: Evidence from a threshold model

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DOI	10.1016/j.enpol.2020.111295
	Renewable energy consumption and economic growth nexus: Evidence from a threshold model
	Chen C.; Pinar M.; Stengos T.
发表日期	2020
ISSN	0301-4215
卷号	139
英文摘要	The existing literature on renewable energy consumption and economic growth nexus produces mixed results as the effect of renewable energy consumption on economic growth can be either positive, negative or not significant. This paper examines the causal link between renewable energy use and economic growth by employing a threshold model using a 103-country sample in the 1995 to 2015 period. We find that the relationship between renewable energy consumption and economic growth depends on the amount of renewable energy used. Our results demonstrate that the effect of renewable energy consumption on economic growth is positive and significant if and only if developing countries or non-OECD countries surpass a certain threshold of renewable energy consumption. However, if developing countries use renewable energy below a given threshold level, the effect of renewable energy consumption on economic growth is negative. However, we also find that renewable energy consumption has no significant effect on economic growth in developed countries and a positive and significant effect on economic growth in OECD countries. The findings of this paper suggest that for developing countries to realize positive economic growth from their investment to renewable energy, they need to surpass a certain threshold of renewable energy consumption. © 2020 Elsevier Ltd
英文关键词	Economic growth; Non-linear effects; OECD countries; Panel data; Renewable energy consumption; Threshold
学科领域	Developing countries; Economics; Energy utilization; Investments; Economic growths; Nonlinear effect; OECD countries; Panel data; Renewable energy consumption; Threshold; Economic and social effects; alternative energy; developing world; economic growth; energy use; nonlinearity; OECD; panel data; threshold
语种	英语
scopus关键词	Developing countries; Economics; Energy utilization; Investments; Economic growths; Nonlinear effect; OECD countries; Panel data; Renewable energy consumption; Threshold; Economic and social effects; alternative energy; developing world; economic growth; energy use; nonlinearity; OECD; panel data; threshold
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/118103
作者单位	Department of Economics and Finance, University of Guelph, Guelph, Ontario N1G 2W1, Canada; Business School, Edge Hill University, Ormskirk, Lancashire L39 4QP, United Kingdom
推荐引用方式 GB/T 7714	Chen C.,Pinar M.,Stengos T.. Renewable energy consumption and economic growth nexus: Evidence from a threshold model[J],2020,139.
APA	Chen C.,Pinar M.,&Stengos T..(2020).Renewable energy consumption and economic growth nexus: Evidence from a threshold model.Energy Policy,139.
MLA	Chen C.,et al."Renewable energy consumption and economic growth nexus: Evidence from a threshold model".Energy Policy 139(2020).