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dc.contributor.authorApergis, Nicholas
dc.contributor.authorPayne, J.
dc.date.accessioned2017-01-30T12:43:02Z
dc.date.available2017-01-30T12:43:02Z
dc.date.created2015-05-07T20:00:38Z
dc.date.issued2014
dc.identifier.citationApergis, N. and Payne, J. 2014. The causal dynamics between renewable energy, real GDP, emissions and oil prices: evidence from OECD countries. Applied Economics. 46 (36): pp. 4519-4525.
dc.identifier.urihttp://hdl.handle.net/20.500.11937/24441
dc.identifier.doi10.1080/00036846.2014.964834
dc.description.abstract

This study extends the empirical literature on the determinants of renewable energy consumption in the case of 25 OECD countries for the period 1980–2011. Preliminary analysis suggests the presence of cross-sectional dependence within the panel data. As a result, second-generation panel unit root tests of Smith et al. (2004) and Pesaran (2007) are undertaken to find the respective variables that are integrated of order one. Panel cointegration and error correction modelling reveal that a long-run relationship exists between renewable energy consumptionper capita, real GDP per capita, carbon dioxide emissions per capita and real oil prices. The long-run elasticity estimates are positive and statistically significant for real GDP per capita, carbon dioxide emissions per capita and real oil prices. The panel error correction model shows that a feedback relationship exists among the variables.

dc.publisherRoutledge
dc.subjectOECD
dc.subjectoil prices
dc.subjectcarbon dioxide emissions
dc.subjectrenewable energy
dc.titleThe causal dynamics between renewable energy, real GDP, emissions and oil prices: evidence from OECD countries
dc.typeJournal Article
dcterms.source.volume46
dcterms.source.number36
dcterms.source.startPage4519
dcterms.source.endPage4525
dcterms.source.issn00036846
dcterms.source.titleApplied Economics
curtin.departmentSchool of Economics and Finance
curtin.accessStatusFulltext not available


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