The Long-run Relationship Between Renewable Electricity Consumption and GDP: Evidence From Panel Data


Kula F.

ENERGY SOURCES PART B-ECONOMICS PLANNING AND POLICY, vol.9, no.2, pp.156-160, 2014 (Journal Indexed in SCI) identifier identifier

  • Publication Type: Article / Article
  • Volume: 9 Issue: 2
  • Publication Date: 2014
  • Doi Number: 10.1080/15567249.2010.481655
  • Title of Journal : ENERGY SOURCES PART B-ECONOMICS PLANNING AND POLICY
  • Page Numbers: pp.156-160

Abstract

The article examines whether a long-run relationship between per capita renewable electricity consumption and gross domestic product (GDP) exists employing panel integration and cointegration techniques for a dynamic heterogeneous panel of 19 Organisation for Economic Co-operation and Development countries over the period 1980-2008. Our findings support the existence of a long-run equilibrium relation between renewable electricity consumption and GDP. Further, the evidence points to unidirectional causality from a GDP to renewable electricity consumption.