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Economic Growth And Renewable Energy Production: A Brief Empirical Analyses

Author

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  • Murilo Montanari de Matos

    (Universidade Federal de Uberlândia (UFU))

Abstract

This article test two hypothesis: (i) an increase in the GDP has a positive impact on the production of Renewable Energy and (ii) a population growth have positive impact on the production of renewable energy. In order to accept these hypotheses we conduct an empirical study based on cross section and panel data, applying several estimation models. We conclude that the first hypothesis holds together but the second hypothesis could not be statistically confirmed. In addition, we show that expenditures on R&D lead to an increase in the production of renewable energy.

Suggested Citation

  • Murilo Montanari de Matos, 2020. "Economic Growth And Renewable Energy Production: A Brief Empirical Analyses," Revista de Economia Mackenzie (REM), Mackenzie Presbyterian University, Social and Applied Sciences Center, vol. 17(2), pages 12-26, July-Dece.
    • Handle: RePEc:aft:journl:v:17:2:2020:jul:dec:p:12-26
    DOI: 105935/1808-2785/rem.v17n2p.12-26
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    More about this item

    Keywords

    Renewable energy; cross section; panel data; fixed-effects; economic growth.;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources

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