Investigating the impact of renewable electricity consumption on sustainable economic development: a panel ARDL approach

References

• Ahmed, K., M. Bhattacharya, Z. Shaikh, M. Ramzan, and I. Ozturk. 2017. Emission intensive growth and trade in the era of the Association of Southeast Asian Nations (ASEAN) integration: An empirical investigation from ASEAN-8. Journal of Cleaner Production 154:530–40. doi:10.1016/j.jclepro.2017.04.008.
   Web of Science ®Google Scholar
• Akadiri, S. S., F. V. Bekun, E. Taheri, and A. C. Akadiri. 2019b. Carbon emissions, energy consumption and economic growth: A causality evidence. . International Journal of Energy Technology and Policy 15 (2/3):320–36. doi:10.1504/IJETP.2019.098956.
   Google Scholar
• Al-Mulali, U., H. G. Fereidouni, and J. Y. M. Lee. 2014. Electricity consumption from renewable and non-renewable sources and economic growth: Evidence from latin American countries. . Renewable and Sustainable Energy Reviews 30:290–98. doi:10.1016/j.rser.2013.10.006.
   Web of Science ®Google Scholar
• Alola, A. A., K. Yalçiner, U. V. Alola, and S. S. Akadiri. 2019. The role of renewable energy, immigration and real income in environmental sustainability target. evidence from Europe largest states. . Science of the Total Environment 674:307–15. doi:10.1016/j.scitotenv.2019.04.163.
   PubMed Web of Science ®Google Scholar
• Apergis, N., and J. E. Payne. 2011a. The renewable energy consumption–growth nexus in Central America. . Applied Energy 88 (1):343–47. doi:10.1016/j.apenergy.2010.07.013.
   Web of Science ®Google Scholar
• Apergis, N., and J. E. Payne. 2011b. Renewable and non-renewable electricity consumption–growth nexus: Evidence from emerging market economies. Applied Energy 88 (12):5226–30. doi:10.1016/j.apenergy.2011.06.041.
   Web of Science ®Google Scholar
• Apergis, N., and J. E. Payne. 2012b. Renewable and non-renewable energy consumption-growth nexus: Evidence from a panel error correction model. Energy Econ doi:10.1016/j.eneco.2011.04.007.
   Web of Science ®Google Scholar
• Apergis, N., J. E. Payne, K. Menyah, and Y. Wolde-Rufael. 2010. On the causal dynamics between emissions, nuclear energy, renewable energy, and economic growth. Ecological Economics 69 (11):2255–60. doi:10.1016/j.ecolecon.2010.06.014.
   Web of Science ®Google Scholar
• Aydin, M. 2019. Renewable and non-renewable electricity consumption–economic growth nexus: Evidence from OECD countries. Renew. Energy 136:599–606.
   Web of Science ®Google Scholar
• Azam, A., M. Rafiq, M. Shafique, H. Zhang, and J. Yuan. 2020b. Analyzing the Effect of Natural Gas, 119592. Nuclear Energy and Renewable Energy on GDP and Carbon Emissions: A multi-variate Panel Data analysis. Energy.
   Google Scholar
• Azam, A., M. Rafiq, M. Shafique, M. Ateeq, and J. Yuan. 2020a. Causality relationship between electricity supply and economic growth: evidence from Pakistan. Energies 13:837.
   Web of Science ®Google Scholar
• Bank, W. 2017. World Development Indicators Database: . World Bank Gr, Washington, D.C.
   Google Scholar
• Bayar, Y., and H. Özel. 2014. Electricity consumption and economic growth in emerging economies. . J. Knowl. Manag. Econ. Inf. Technol 4(2):1-18.
   Google Scholar
• Bekhet, H. A., and N. S. Othman. 2018. The role of renewable energy to validate dynamic interaction between CO2 emissions and GDP toward sustainable development in Malaysia. Energy Econ 72:47–61.
   Web of Science ®Google Scholar
• Belaid, F., and M. Youssef. 2017. Environmental degradation, renewable and non-renewable electricity consumption, and economic growth: Assessing the evidence from Algeria. Energy Policy 102:277–87.
   Web of Science ®Google Scholar
• Bilgili, F., E. Koçak, and Ü. Bulut. 2016. The dynamic impact of renewable energy consumption on CO2 emissions: A revisited Environmental Kuznets Curve approach. Renew. Sustain. Energy Rev 54:838–45.
   Web of Science ®Google Scholar
• British Petroleum (BP). 2018. Statistcal Review of World Energy. Statistical Review of World Energy, London, England.
   Google Scholar
• Dogan, E. 2015. The relationship between economic growth and electricity consumption from renewable and non-renewable sources: A study of Turkey. Renew. Sustain. Energy Rev doi:10.1016/j.rser.2015.07.130.
   Web of Science ®Google Scholar
• Dogan, E., and F. Seker. 2016. Determinants of CO2 emissions in the European union: the role of renewable and non-renewable energy. Renew. Energy 94:429–39.
   Web of Science ®Google Scholar
• Dong, K., R. Sun, H. Jiang, and X. Zeng. 2018. CO2 emissions, economic growth, and the environmental Kuznets curve in China: what roles can nuclear energy and renewable energy play? J. Clean. Prod doi:10.1016/j.jclepro.2018.05.271.
   Web of Science ®Google Scholar
• Ghosh, S. 2002. Electricity consumption and economic growth in India. Energy Policy doi:10.1016/S0301-4215(01)00078-7.
   Web of Science ®Google Scholar
• Hasnisah, A., A. A. Azlina, and C. M. I. C. Taib. 2019. The impact of renewable energy consumption on carbon dioxide emissions: Empirical evidence from developing countries in Asia. Int. J. Energy Econ. Policy doi:10.32479/ijeep.7535.
   Google Scholar
• Irandoust, M. 2016. The renewable energy-growth nexus with carbon emissions and technological innovation: Evidence from the Nordic countries. Ecol. Indic 69:118–25.
   Web of Science ®Google Scholar
• Ismaila, A. G., A. A. Rashidb, and A. Hanifb. 2017. Electricity consumption and economic growth in ASEAN. J. Emerg. Econ. Islam. Res 5:16–27.
   Google Scholar
• Jaforullah, M., and A. King. 2015. Does the use of renewable energy sources mitigate CO2 emissions? A reassessment of the US evidence. Energy Econ 49:711–17.
   Web of Science ®Google Scholar
• Jin, T., and J. Kim. 2018. What is better for mitigating carbon emissions – Renewable energy or nuclear energy? A panel data analysis. Renew. Sustain. Energy Rev doi:10.1016/j.rser.2018.04.022.
   Google Scholar
• Kraft, J., and A. Kraft. 1978. On the relationship between energy and GNP. J. Energy Dev 3: 401–03.
   Google Scholar
• Kumari, A., and A. K. Sharma. 2016. Analyzing the causal relations between electric power consumption and economic growth in India. Electr. J 29:28–35.
   Google Scholar
• Lee, S. H., and Y. Jung. 2018. Causal dynamics between renewable energy consumption and economic growth in South Korea: Empirical analysis and policy implications. Energy Environ doi:10.1177/0958305X18776546.
   Web of Science ®Google Scholar
• Liu, X., S. Zhang, and J. Bae. 2017. The impact of renewable energy and agriculture on carbon dioxide emissions: Investigating the environmental Kuznets curve in four selected ASEAN countries. J. Clean. Prod doi:10.1016/j.jclepro.2017.07.086.
   Web of Science ®Google Scholar
• Martínez-Zarzoso, I., and A. Bengochea-Morancho. 2004. Pooled mean group estimation of an environmental Kuznets curve for CO2. Econ. Lett. . doi:10.1016/j.econlet.2003.07.008.
   Web of Science ®Google Scholar
• Ohlan, R. 2018. The relationship between electricity consumption, trade openness and economic growth in India. OPEC Energy Rev 42:331–54.
   Web of Science ®Google Scholar
• Ohler, A., and I. Fetters. 2014. The causal relationship between renewable electricity generation and GDP growth: A study of energy sources. Energy Econ doi:10.1016/j.eneco.2014.02.009.
   Web of Science ®Google Scholar
• Ozturk, I., A. Aslan, and H. Kalyoncu. 2010. Energy consumption and economic growth relationship: Evidence from panel data for low and middle income countries. Energy Policy 38:4422–28.
   Web of Science ®Google Scholar
• Pata, U. K., and S. Yurtkuran. 2017. The relationship between electricity consumption and economic growth in the selected member countries of the international energy agency (IEA): An ARDL bounds test approach. Iran. Econ. Rev doi:10.22059/ier.2017.62107.
   Google Scholar
• Pesaran, H. M. 2004. General diagnostic tests for cross-sectional dependence in panels, 435. Univ. Cambridge, UK: Cambridge Work. Pap. Econ.
   Google Scholar
• Pesaran, M. H. 2006. Estimation and inference in large heterogeneous panels with a multifactor error structure. Econometrica 74:967–1012.
   Web of Science ®Google Scholar
• Pesaran, M. H. 2007. A simple panel unit root test in the presence of cross‐section dependence. J. Appl. Econom 22:265–312.
   Web of Science ®Google Scholar
• Pesaran, M. H., Y. Shin, and R. P. Smith. 1999. Pooled mean group estimation of dynamic heterogeneous panels. J. Am. Stat. Assoc 94:621–34.
   Web of Science ®Google Scholar
• Raza, S. A., and N. Shah. 2018. Testing environmental Kuznets curve hypothesis in G7 countries: The role of renewable energy consumption and trade. Environ. Sci. Pollut. Res 25:26965–77.
   PubMed Web of Science ®Google Scholar
• Saint, A. S., F. V. Bekun, and S. A. Sarkodie. 2019a. Contemporaneous interaction between energy consumption, economic growth and environmental sustainability in South Africa: What drives what? Sci. Total Environ doi:10.1016/j.scitotenv.2019.05.421.
   PubMed Web of Science ®Google Scholar
• Salisu, A., T. Oloko, I. Okunoye, O. Opeloyeru, and N. Olabisi. 2018. Energy consumption and economic growth in oil importing and oil exporting countries. Nigeria: A Panel ARDL approach.
   Google Scholar
• Sebri, M., and O. Ben-Salha. 2014. On the causal dynamics between economic growth, renewable energy consumption, CO2 emissions and trade openness: Fresh evidence from BRICS countries. Renew. Sustain. Energy Rev 39:14–23.
   Web of Science ®Google Scholar
• Shafiei, S., and R. A. Salim. 2014. Non-renewable and renewable energy consumption and CO2 emissions in OECD countries: A comparative analysis. Energy Policy doi:10.1016/j.enpol.2013.10.064.
   Web of Science ®Google Scholar
• Smyth, R., and P. K. Narayan. 2015. Applied econometrics and implications for energy economics research. Energy Econ 50:351–58.
   Web of Science ®Google Scholar
• Sugiawan, Y., and S. Managi. 2016. The environmental Kuznets curve in Indonesia: Exploring the potential of renewable energy. Energy Policy 98:187–98.
   Web of Science ®Google Scholar
• Usman, O., A. S. Saint, and I. Adeshola. 2020. Role of renewable energy and globalization on ecological footprint in the USA: Implications for environmental sustainability. Environ. Sci. Pollut. Res doi:10.1007/s11356-020-09170-9.
   Web of Science ®Google Scholar
• Zaidi, S. A. H., H. Danish, and F. Mirza, F.M. 2018. The role of renewable and non-renewable energy consumption in CO 2 emissions: A disaggregate analysis of Pakistan. Environ. Sci. Pollut. Res. . doi:10.1007/s11356-018-3059-y.
   PubMed Web of Science ®Google Scholar
• Zhang, H., X. Zhang, C. Zhao, and J. Yuan. 2021. Electricity consumption and economic growth in bri countries: panel causality and policy implications. Emerg. Mark. Financ. Trade 57(3): 1–16.
   Web of Science ®Google Scholar
• Zoundi, Z. 2017. CO2 emissions, renewable energy and the environmental Kuznets curve, a panel cointegration approach. Renew. Sustain. Energy Rev 72:1067–75.
   Web of Science ®Google Scholar