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Impact of Economic Growth on the Consumption of Renewable Energy: A Comparative Study of Selected OECD and Non-OECD (Including Iran) Countries
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Mohammad Hassan Fotros *   , Akbar Aghazadeh , Sevda Jabraili |
| , fotros@basu.ac.ir |
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Abstract: (12484 Views) |
| Using tests of Panel Unit Root, Panel Co integration, and Dynamic Ordinary Least Square (DOLS), this study tests, analyzes, and explains the impact of economic growth on renewable energy consumption in two groups of selected OECD and non-OECD countries for the period 1980-2008. Results indicate that there is a long-run co-integrated relationship between economic growth and per - capita renewable energy consumption in both groups coefficients of variables are statistically significant and positive. Moreover, the long-run impact of economic growth on per - capita renewable energy consumption in OECD countries is greater than that of non-OECD countries. |
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| Keywords: Economic Growth, Renewable Energy Consumption, Panel co-Integration, Dynamic Ordinary Least Square (POLS), OECD and Non-OECD Countries |
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Full-Text [PDF 502 kb]
(6502 Downloads)
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Type of Study: Research |
Subject:
General
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