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Nuclear energy, renewable energy, and economic growth in developed and developing countries : A modelling analysis from simultaneous-equation models

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  • Anis Omri
  • Anissa Chaibi

Abstract

This paper investigates the causal relationship among two types of energy consumption (nuclear energy and renewable energy) and economic growth using dynamic simultaneous-equation panel data models for 17 developed and developing countries. Our results indicate that there is a unidirectional causality running from nuclear consumption to economic growth in Belgium and Spain, while a unidirectional causality running from economic growth to nuclear consumption is supported in Bulgaria, Canada, Netherlands, and Sweden. A bidirectional relationship appears in Argentina, Brazil, France, Pakistan, and the USA, while no causality exists in Finland, Hungary, India Japan, Switzerland, and the U.K. Second, the results for the second nexus among renewable energy and economic growth show that there is a unidirectional causality running from renewable consumption to economic growth in Hungary, India, Japan, Netherlands, and Sweden, while there exist a unidirectional running from economic growth to renewable consumption in Argentina, Spain, and Switzerland. A bidirectional relationship is supported in Belgium, Bulgaria, Canada, France, Pakistan, and the USA, while no causality exists in Brazil, Finland, and Switzerland . Third, we find the existence of a bidirectional causality between nuclear consumption and economic; and a unidirectional causality running from economic growth to renewable energy consumption for the global panel.

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Bibliographic Info

Paper provided by Department of Research, Ipag Business School in its series Working Papers with number 2014-188.

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Length: 24 pages
Date of creation: 25 Feb 2014
Date of revision:
Handle: RePEc:ipg:wpaper:2014-188

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Keywords: Nuclear energy; Renewable energy; Economic growth; Dynamic simultaneous-equation models.;

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Cited by:
  1. Zied Ftiti & Khaled Guesmi & Frédéric Teulon & Slim Chouachi, 2014. "Evolution of Crude Oil Prices and Economic Growth: The case of OPEC Countries," Working Papers 2014-421, Department of Research, Ipag Business School.
  2. Derek Bunn & Julien Chevallier & Yannick Le Pen & Benoît Sévi, 2014. "Fundamental and Financial Influences on the Co-movement of Oil and Gas Prices," Working Papers 2014-414, Department of Research, Ipag Business School.

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