The Impact of Renewable Energy Consumption on Economic Growth: Evidence from Countries along the Belt and Road

被引：11

作者：

Jia, Hongwen ^{[1
]}

Fan, Shugang ^{[1
]}

Xia, Miao ^{[2
]}

机构：

[1] Lanzhou Univ, Sch Econ, Lanzhou 730000, Peoples R China

[2] Lanzhou Univ, Sch Marxism, Lanzhou 730000, Peoples R China

来源：

SUSTAINABILITY | 2023年 / 15卷 / 11期

关键词：

renewable energy consumption; economic growth; One Belt One Road; FOREIGN DIRECT-INVESTMENT; NONRENEWABLE ENERGY; CO2; EMISSIONS; NEXUS; LINKAGES; PROGRESS; TRADE;

D O I：

10.3390/su15118644

中图分类号：

X [环境科学、安全科学];

学科分类号：

08 ; 0830 ;

摘要：

To mitigate the adverse effects of climate change, the structure of global energy consumption has changed, and renewable energy consumption has increased rapidly, which may have a new impact on sustainable economic development. Against this backdrop, this paper investigates the direct and indirect effects of renewable energy consumption on economic growth, utilizing panel data from 90 countries along the Belt and Road between 2000 and 2019. Employing Granger causality tests and mediating effect models, we detect a bidirectional causal relationship between renewable energy consumption and economic growth, further affirming the feedback hypothesis. Our findings show that renewable energy consumption directly contributes to economic growth. Additionally, we found that renewable energy consumption has an indirect influence on economic growth via its impact on gross capital formation and trade. Drawing on these findings, we offer practical recommendations for the Belt and Road countries to implement appropriate countermeasures.

引用

页数：11

共 36 条

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