On the causal dynamics between renewable and non-renewable energy consumption and economic growth in developed and developing countries

被引：73

作者：

Apergis N. ^{[1
]}

Payne J.E. ^{[2
]}

机构：

[1] Department of Banking and Financial Management, University of Piraeus, Piraeus, Attiki 18534

[2] University of South Florida Polytechnic, Lakeland, FL 33803-9714

来源：

Energy Systems | 2011年 / 2卷 / 3-4期

关键词：

Granger-causality; Growth; Panel; Renewable and non-renewable energy consumption;

D O I：

10.1007/s12667-011-0037-6

中图分类号：

学科分类号：

摘要：

This study extends recent work on the relationship between renewable and non-renewable energy consumption and economic growth to the case of developed and developing countries over the period 1990-2007. Heterogeneous panel cointegration procedures show a long-run equilibrium relationship between real GDP, renewable energy consumption, non-renewable energy consumption, real gross fixed capital formation, and the labor force with the respective coefficient estimates positive and statistically significant for developed and developing country panels. The results from the panel error correction models reveal bidirectional causality between renewable and non-renewable energy consumption and economic growth in the shortand long-run for each country panel. © The Author(s) 2011.

引用

页码：299 / 312

页数：13

共 36 条

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