A Time Varying Coefficient Approach to the Renewable and Non-Renewable Electricity Consumption-Growth Nexus: Evidence from a Panel of Emerging Market Economies

REFERENCES

• Apergis , N. and Payne , J. E. 2011a . Renewable and non-renewable electricity consumption-growth nexus: evidence from emerging markets economies . Appl. Energ. , 88 : 5226 – 5230 .
   Web of Science ®Google Scholar
• Apergis , N. and Payne , J. E. 2011b . On the causal dynamics between renewable and non-renewable energy consumption and economic growth in developed and developing countries . Energy Systems , 2 : 299 – 312 .
   Google Scholar
• Apergis , N. and Payne , J. E. 2012 . Renewable and non-renewable energy consumption-growth nexus: Evidence from a panel error correction model . Energ. Econ. , 34 : 733 – 788 .
   Web of Science ®Google Scholar
• Bowden , N. and Payne , J. E. 2010 . Sectoral analysis of the causal relationship between renewable and non-renewable energy consumption and real output in the U.S . Energ. Source. B , 5 : 400 – 408 .
   Google Scholar
• Breitung , J. 2000 . “ The local power of some unit root tests for panel data ” . In Advances in Econometrics: Nonstationary Panels, Cointegration in Panels and Dynamic Panels, Vol. 15 , Edited by: Baltagi , B. , Fomby , T. B. and Hill , R. C. 161 – 178 . Amsterdam : JAI .
   Google Scholar
• Burke , P. 2010 . Income, resources, and electricity mix . Energ. Econ. , 32 : 166 – 177 .
   Web of Science ®Google Scholar
• Ewing , B. T. , Sari , R. and Soytas , U. 2007 . Disaggregate energy consumption and industrial output in the United States . Energ. Policy , 35 : 1274 – 1281 .
   Web of Science ®Google Scholar
• Hadri , K. 2000 . Testing for stationarity in heterogeneous panel data . Economet. J. , 3 : 148 – 161 .
   Google Scholar
• Harris , R. D. F. and Tzavalis , E. 1999 . Inference for unit roots in dynamic panels where the time dimension is fixed . J. Econometrics , 91 : 201 – 226 .
   Web of Science ®Google Scholar
• Levin , A. , Lin , C. F. and Chu , C. 2002 . Unit root tests in panel data: Asymptotic and finite sample properties . J. Econometrics , 108 : 1 – 24 .
   Web of Science ®Google Scholar
• Maddala , G. S. and Wu , S. A. 1999 . Comparative study of unit root tests with panel data and a new simple test . Oxford B. Econ. Stat. , 108 : 1 – 24 .
   Google Scholar
• Park , J. Y. and Hahn , S. B. 1999 . Cointegration regressions with time varying coefficients . Economet. Theor. , 15 : 664 – 703 .
   Web of Science ®Google Scholar
• Payne , J. E. 2009 . On the dynamics of energy consumption and output in the U.S . Appl. Energ. , 86 : 575 – 577 .
   Web of Science ®Google Scholar
• Payne , J. E. 2010a . Survey of the international evidence on the causal relationship between energy consumption and growth . J. Econ. Stud. , 37 : 53 – 95 .
   Google Scholar
• Payne , J. E. 2010b . A survey of the electricity consumption-growth literature . Appl. Energ. , 87 : 723 – 731 .
   Web of Science ®Google Scholar
• Pedroni , P. 1999 . Critical values for cointegration tests in heterogeneous panels with multiple regressors . Oxford B. Econ. Stat. , 61 : 653 – 670 .
   Web of Science ®Google Scholar
• Pedroni , P. 2000 . Fully modified OLS for heterogeneous cointegrated panels . Adv. Econom. , 15 : 93 – 130 .
   Google Scholar
• Pedroni , P. 2004 . Panel cointegration: Asymptotic and finite sample properties of pooled time series tests with an application to the PPP hypothesis: new results . Economet. Theor. , 20 : 597 – 627 .
   Web of Science ®Google Scholar
• Sari , R. and Soytas , U. 2004 . Disaggregate energy consumption, employment, and income in Turkey . Energ. Econ. , 26 : 335 – 344 .
   Web of Science ®Google Scholar
• Sari , R. and Soytas , U. 2008 . The relationship between disaggregate energy consumption and industrial production in the United States: An ARDL approach . Energ. Econ. , 30 : 2302 – 2313 .
   Web of Science ®Google Scholar
• Tiwari , A. K. 2011 . Comparative performance of renewable and nonrenewable energy sources on economic growth and CO2 emissions of Europe and Eurasian countries: A PVAR approach . Econ. Bull. , 31 : 2356 – 2372 .
   Google Scholar
• Tugcu , C. T. , Ozturk , I. and Aslan , A. 2012 . Renewable and non-renewable energy consumption and economic growth relationship revisited: Evidence from G7 countries . Energ. Econ. , 34 : 1942 – 1950 .
   Web of Science ®Google Scholar