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dc.contributor.authorApergis, Nicholas
dc.contributor.authorPayne, James
dc.date.accessioned2017-01-30T11:50:28Z
dc.date.available2017-01-30T11:50:28Z
dc.date.created2014-04-07T20:00:48Z
dc.date.issued2010
dc.identifier.citationApergis, Nicholas and Payne, James E. 2010. Renewable Energy Consumption and Economic Growth: Evidence from a Panel of OECD Countries. Energy Policy. 38 (1): pp. 656-660.
dc.identifier.urihttp://hdl.handle.net/20.500.11937/15542
dc.identifier.doi10.1016/j.enpol.2009.09.002
dc.description.abstract

This study examines the relationship between renewable energy consumption and economic growth for a panel of twenty OECD countries over the period 1985–2005 within a multivariate frame work. Given the relatively short span of the time series data, a panel cointegration and error correction model is employed to infer the causal relationship. The heterogeneous panel cointegration test reveals a long-run equilibrium relationship between real GDP, renewable energy consumption, real gross fixed capital formation, and the labor force with the respective coefficients positive and statistically significant. The Granger-causality results indicate bidirectional causality between renewable energy consumption and economic growth in both the short-and long-run.

dc.publisherElsevier Science Ltd.
dc.subjectPanel unit root and cointegration tests
dc.subjectGrowth
dc.subjectRenewable energy consumption
dc.subjectGranger-causality
dc.titleRenewable Energy Consumption and Economic Growth: Evidence from a Panel of OECD Countries
dc.typeJournal Article
dcterms.source.volume38
dcterms.source.startPage656
dcterms.source.endPage660
dcterms.source.issn0301 4215
dcterms.source.titleEnergy Policy
curtin.department
curtin.accessStatusFulltext not available


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