The Relationship between Renewable Energy Production and Economic Growth: A Short-Term and Long-Term Analysis in the Case of Uzbekistan
Аннотация
In this study, the relationships between Uzbekistan's economic growth, renewable energy use, rural electricity use, and greenhouse gas emissions were investigated using an ARDL model based on data from 2000 to 2022. The long-term results showed that renewable energy production had a significant positive impact on economic growth (coefficient: 0.608, P<0.01), while greenhouse gas emissions had no significant impact (coefficient: -0.00004, P>0.05). However, rural electricity use had a negative impact on economic growth (coefficient: -6.815, P<0.01). The short-term analysis shows that renewable energy production has a rapid and significant positive impact on economic growth (coefficient: 0.0001, P<0.05). In addition, the previous period's economic growth rate (coefficient: 0.643, P<0.05) and greenhouse gas emissions (coefficient: 0.0001, P<0.05) have a positive impact on economic growth in the short term.