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Energy efficiency, renewable energy, economic growth: evidence from emerging market economies

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  • Yilmaz Bayar

    (Usak University)

  • Marius Dan Gavriletea

    (Babeş-Bolyai University)

Abstract

This study investigates the effect of energy efficiency and renewable energy on economic growth in emerging economies over the 1992–2014 period using Westerlund’s (2008) cointegration test and Dumitrescu and Hurlin (2012) causality test. The panel cointegration coefficients reveal that energy efficiency positively influences the economic growth in the long term, but renewable energy has no significant effects on economic growth in the long term. Furthermore, the causality analysis revealed a one-way causality from both energy efficiency and renewable energy use to the economic growth in the short term.

Suggested Citation

  • Yilmaz Bayar & Marius Dan Gavriletea, 2019. "Energy efficiency, renewable energy, economic growth: evidence from emerging market economies," Quality & Quantity: International Journal of Methodology, Springer, vol. 53(4), pages 2221-2234, July.
    • Handle: RePEc:spr:qualqt:v:53:y:2019:i:4:d:10.1007_s11135-019-00867-9
    DOI: 10.1007/s11135-019-00867-9
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