Статья

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

Qiucheng LiEconomics and Management School, Wuhan University, Wuhan 430072, ChinaJacob CherianCollege of Business, Abu Dhabi University, Abu Dhabi 59911, UAEMalik Shahzad ShabbirLahore Business School, University of Lahore, Lahore 54000, PakistanMuhammad Safdar SialDepartment of Management Sciences, COMSATS University Islamabad (CUI), Islamabad 44000, PakistanJing LiSchool of Accounting, Guangdong University of Finance & Economics Guangzhou, Guangdong 510320, ChinaIoana MeşterDepartment of Economics and Business, Faculty of Economic Sciences, University of Oradea, 410087 Oradea, RomaniaAlina BădulescuDepartment of Economics and Business, Faculty of Economic Sciences, University of Oradea, 410087 Oradea, Romania

2021en

ABI

Аннотация

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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Идентификаторы

DOI: 10.3390/en14030520

Цитирования и источники

Цитирований: 4Использованных источников: 0

Показатели — AkademScholar