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30-03-2019

Energy efficiency, renewable energy, economic growth: evidence from emerging market economies

Published in: Quality & Quantity | Issue 4/2019

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Abstract

This study investigates the effect of energy efficiency and renewable energy on economic growth in emerging economies over the 1992–2014 period using Westerlund’s (2008) cointegration test and Dumitrescu and Hurlin (2012) causality test. The panel cointegration coefficients reveal that energy efficiency positively influences the economic growth in the long term, but renewable energy has no significant effects on economic growth in the long term. Furthermore, the causality analysis revealed a one-way causality from both energy efficiency and renewable energy use to the economic growth in the short term.

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Title: Energy efficiency, renewable energy, economic growth: evidence from emerging market economies
Publication date: 30-03-2019
Published in: Quality & Quantity / Issue 4/2019
Print ISSN: 0033-5177
Electronic ISSN: 1573-7845
DOI: https://doi.org/10.1007/s11135-019-00867-9

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