ANALYSING THE EFFECTS OF THE BUSINESS CYCLE ON RENEWABLE ENERGY CONSUMPTION AND SUSTAINABLE DEVELOPMENT: EVIDENCE FROM EU COUNTRIES

被引：1

作者：

Busu, Mihail ^{[1
]}

Staicu, Gabriel ^{[1
]}

Gheorghe, Mihai ^{[1
]}

Prinz, Enrico ^{[2
]}

Fonseca, Luis Miguel ^{[3
]}

机构：

[1] Bucharest Univ Econ Studies, Bucharest, Romania

[2] Univ Strasbourg, EM Strasbourg Business Sch, Strasbourg, France

[3] Polytech Univ Porto, ISEP, Porto, Portugal

来源：

AMFITEATRU ECONOMIC | 2024年 / 26卷

关键词：

business cycle; economic growth; renewable energy consumption; sustainable development; government effectiveness; regulatory framework; ECONOMIC-GROWTH NEXUS; IMPLEMENTATION;

D O I：

10.24818/EA/2024/S18/1048

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This article examines the relationship between business cycles and renewable energy consumption (REC/capita) in the European Union (EU) over the past two decades. Using a panel data regression model, the study identifies GDP growth, government effectiveness, regulatory quality, and political stability as significant indicators impacting REC across all EU member states. The model presents significant regression coefficients, emphasising that these variables have a consistent impact on REC. Our research findings confirm the "conservation hypothesis" developed in the specific literature, identifying the REC's sensitivity to different economic shocks. From this perspective, the EU policymakers should consider a balanced approach between economic and environmental SDGs since economic growth not only promotes short-run welfare, but also contributes to long-run environmental sustainability.

引用

页码：1048 / 1064

页数：345

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