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

  • Yilmaz Bayar
  • Marius Dan GavrileteaEmail author
Article
  • 71 Downloads

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.

Keywords

Energy efficiency Renewable energy Economic growth Panel data analysis 

Notes

Compliance with ethical standards

Conflict of interest

The authors declare that they have no conflict of interest.

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© Springer Nature B.V. 2019

Authors and Affiliations

  1. 1.Faculty of Economics and Administrative SciencesUsak UniversityUsakTurkey
  2. 2.Faculty of BusinessBabeş-Bolyai UniversityCluj-NapocaRomania

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