The Long-run Relationship Between Renewable Electricity Consumption and GDP: Evidence From Panel Data
ENERGY SOURCES PART B-ECONOMICS PLANNING AND POLICY, vol.9, no.2, pp.156-160, 2014 (SCI-Expanded, Scopus)
- Publication Type: Article / Article
- Volume: 9 Issue: 2
- Publication Date: 2014
- Doi Number: 10.1080/15567249.2010.481655
- Journal Name: ENERGY SOURCES PART B-ECONOMICS PLANNING AND POLICY
- Journal Indexes: Science Citation Index Expanded (SCI-EXPANDED), Scopus
- Page Numbers: pp.156-160
- Erciyes University Affiliated: Yes
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.