Energy-growth nexus for‘Renewable Energy Country Attractiveness Index’countries:Evidence from new econometric methods  

作　　者：Mandeep Mahendru Aviral Kumar Tiwari Gagan Deep Sharma Solomon Nathaniel Mansi Gupta 

机构地区：[1]Szechenyi Istvan University,Gyor,Hungary [2]Indian Institute of Management,Bodhgaya,India [3]University School of Management Studies,Guru Gobind Singh Indraprastha University,Sector 16 C,Dwarka,New Delhi,India [4]Department of Economics,University of Lagos,Akoka,Nigeria [5]Centre for Financial Innovation,S P Jain Institute of Management and Research,Mumbai,India

出　　处：《Geoscience Frontiers》2024年第3期298-311,共14页地学前缘（英文版）

摘　　要：This study explores the connections between renewable energy consumption(REC),non-renewable energy consumption(NREC),gross fixed capital formation(GFCF),the labor force(LF),and economic growth(GDP)in Renewable Energy Country Attractiveness Index(RECAI)countries for 1991-2016.We quantify the nexus between REC,NREC,and GDP while utilizing a production model framework and including the measures of labor and capital,for suggesting a phase-wise strategy to attain the sustainable development goals.We use robust methodologies including Lagrange Multiplier(LM)panel unit root tests with trend shifts,Westerlund cointegration test,LM bootstrap technique for cointegration with breaks,continuously updated fully modified(CUP-FM)and continuously updated bias-corrected(CUPBC)estimators,Augmented Mean Group(AMG)approach,fully modified ordinary least squares,dynamic ordinary least squares,Canonical Cointegrating Regression(CCR),and panel causality test proposed by Canning&Pedroni.We compute non-parametric time-varying coefficients with fixed effects for seeing the impact of GFCF,LF,REC,and NREC on GDP.Our results press upon policymakers to shift toward clean energy and REC for attaining the environmental goals(SDGs 6,7,13,and 15)and the economic goals(SDGs 1,2,8,and 10).While this shift would help developed economies,which have already attained the economic goals,to progress on the front of environmental goals,it would enable developing countries to progress on both fronts in a balanced manner.

关 键 词：Renewable energy consumption Economic growth Non-renewable energy consumption CUP-BC CUP-FM Time-varying coefficients with fixed effects 

分 类 号：P941.61[天文地球—自然地理学] P539