Exploring the Relationship between Renewable Energy Sources and Economic Growth. The Case of SAARC Countries

被引：92
|
作者：
Li, Qiucheng [1 ]
Cherian, Jacob [2 ]
Shabbir, Malik Shahzad [3 ]
Sial, Muhammad Safdar [4 ]
Li, Jing [5 ]
Mester, Ioana [6 ]
Badulescu, Alina [6 ]
机构：
[1] Wuhan Univ, Econ & Management Sch, Wuhan 430072, Peoples R China
[2] Abu Dhabi Univ, Coll Business, Abu Dhabi 59911, U Arab Emirates
[3] Univ Lahore, Lahore Business Sch, Lahore 54000, Pakistan
[4] COMSATS Univ Islamabad CUI, Dept Management Sci, Islamabad 44000, Pakistan
[5] Guangdong Univ Finance & Econ Guangzhou, Sch Accounting, Guangzhou 510320, Guangdong, Peoples R China
[6] Univ Oradea, Fac Econ Sci, Dept Econ & Business, Oradea 410087, Romania
来源：
ENERGIES | 2021年 / 14卷 / 03期
关键词：
renewable energy sources; sustainable economic growth; SAARC countries;
D O I：
10.3390/en14030520
中图分类号：
TE [石油、天然气工业]; TK [能源与动力工程];
学科分类号：
0807 ; 0820 ;
摘要：
The purpose of this study is to examine the relationship between renewable energy sources and economic growth of the South Asian Association for regional cooperation (SAARC) countries. This study uses three main renewable energy sources, namely geothermal, hydro, and wind.This study collects data set from SAARC countries from 1995 to 2018 and applies a fixed effect test and panel vector error correction model (PVECM) for data analysis. The overall results show that all three renewable energy sources have a positive significant impact on economic development among SAARC countries' economies. Moreover, hydropower renewable energy has more effects and influences on economic growth as compared to the other two individual sources of renewable energy.
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页数：14
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