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Investigating and testing the causal relationship between fossil fuel consumption, clean energy and economic growth variables in selected countries
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Gholamali Rahimi   , Hanieh Eskandary *1 , MohammadAmin Ahmadi |
| 1- , hanieh_eskandary@yahoo.com |
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Abstract: (2118 Views) |
This study examines and explains the long-term relationship between clean energy consumption (nuclear and renewable) and non-clean energy (fossil energy) and economic growth using panel data during the period 1980-2080. In order to investigate the relationship between variables in the long run, panel causality test has been used. Experimental results show that there is a collective relationship between the variables. According to the results, the revenue elasticity of nuclear energy consumption, renewable energy consumption and fossil fuel consumption is between zero and one, which indicates that nuclear energy, renewable energy and fossil fuels are essential commodities for countries. Also, with a one percent increase in nuclear energy consumption, renewable energy consumption and fossil fuel consumption, GDP will increase by 0.069 percent, 0.176 percent and 0.398 to 0.749 percent, respectively. Short-term causal analysis indicates a two-way causal relationship between fossil energy consumption and economic growth, nuclear energy consumption and renewable energy. The results also indicate a one-way causal relationship between renewable energy consumption and economic growth. Also, in the long run, there is a two-way causal relationship between economic growth, fossil fuel energy consumption and renewable energy consumption, and a one-way causal relationship from economic growth to nuclear energy consumption.
Keywords: Fossil fuels, clean energy, economic growth, panel causality
JEL Classification: Q4, K32, P28, P28, C33, O13, Q43
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| Keywords: Fossil fuels, clean energy, economic growth, panel causality
JEL Classification: Q4, K32, P28, P28, C33, O13, Q43 |
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Full-Text [PDF 1300 kb]
(511 Downloads)
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Type of Study: Research |
Subject:
گازهاي گلخانه اي-دي اكسيد كربن-سوخت هاي فسيلي
Received: 2024/09/18 | Accepted: 2024/10/1 | Published: 2024/10/1 | ePublished: 2024/10/1
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