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Evaluation of the Role of Renewables Consumption on Economic Growth of the U.S. Regions

Author

Listed:
  • Svetlana V. Bekareva

    (Novosibirsk State University, Faculty of Economics, 2 Pirogova St., Novosibirsk, 630090, Russian Federation,)

  • Ekaterina N. Meltenisova

    (Institute of Economics and Industrial Engineering SB RAS Novosibirsk State University, Faculty of Economics, 2 Pirogova St., Novosibirsk, 630090, Russian Federation,)

  • J. G. Abo Gsysa

    (Novosibirsk State University, Faculty of Economics, 2 Pirogova St., Novosibirsk, 630090, Russian Federation.)

Abstract

The article is devoted to a modern situation in the U.S. electricity analysis per state, where renewable energy consumption has grown drastically since the early 2000s. The article estimates electricity restructuring results and their influence on the modern state of this branch of industry. We attempted to assess the influence of various factors involved in the economic growth of the U.S. per state using the methods of cluster and panel data analysis. The numerical data collected refer to the period of 2000-2014. We prove the significance of the renewables share in the economic growth of particular states and the U.S. as a nation.

Suggested Citation

  • Svetlana V. Bekareva & Ekaterina N. Meltenisova & J. G. Abo Gsysa, 2017. "Evaluation of the Role of Renewables Consumption on Economic Growth of the U.S. Regions," International Journal of Energy Economics and Policy, Econjournals, vol. 7(2), pages 160-171.
    • Handle: RePEc:eco:journ2:2017-02-22
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    2. Sugra Ingilab Humbatova & Fariz Saleh Ahmadov & lgar Zulfigar Seyfullayev & Natig Gadim-Ogli Hajiyev, 2020. "The Relationship between Electricity Consumption and Economic Growth: Evidence from Azerbaijan," International Journal of Energy Economics and Policy, Econjournals, vol. 10(1), pages 436-455.

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    More about this item

    Keywords

    Renewables; Electricity Restructuring; Economic Growth;
    All these keywords.

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • O51 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - U.S.; Canada

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