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The Impact of Renewable Energy on Sustainable Growth: Evidence from a Panel of OECD Countries

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  • Manel Kamoun

    (CODECI, FSEG, University of Sfax
    URED, ESC, University of Sfax)

  • Ines Abdelkafi

    (URED, ESC, University of Sfax)

  • Abdelfetah Ghorbel

    (CODECI, FSEG, University of Sfax)

Abstract

The aim of this work consists in analyzing the effects of renewable energy on sustainable growth in the Organization for Economic Cooperation and Development (OECD) countries. We investigate the effects of renewable energy technologies and the consumption of electricity from renewable energy on adjusted net saving (GS). We used a panel model applying on the modified environmental Kuznets curve (MECK) for the case of 13 OECD countries covering the period 1990–2013. Our contribution to the literature is manifested by the decomposing of the independent variable of energy on two types; renewable energies and fossil fuel energies in the MECK. Our results showed that the innovation of renewable energy technologies affects positively adjusted net saving. Electricity from renewable energy has a positive impact on adjusted net saving. The innovation of renewable energy technologies promotes sustainable growth path in the OECD countries. So, policy makers of the OECD countries should, firstly, encourage the consumption of renewable electricity because it has a very high positive impact on sustainable growth path. Secondly, they are invited to stimulate the innovation in renewable energy technologies.

Suggested Citation

  • Manel Kamoun & Ines Abdelkafi & Abdelfetah Ghorbel, 2019. "The Impact of Renewable Energy on Sustainable Growth: Evidence from a Panel of OECD Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 10(1), pages 221-237, March.
  • Handle: RePEc:spr:jknowl:v:10:y:2019:i:1:d:10.1007_s13132-016-0440-2
    DOI: 10.1007/s13132-016-0440-2
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    More about this item

    Keywords

    Sustainable growth; Renewable energy technologies; Environmental Kuznets curve; Panel data;
    All these keywords.

    JEL classification:

    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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