Renewable energy and economic growth in major renewable energy consuming countries : an empirical analysis
Autor(a) principal: | |
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Data de Publicação: | 2022 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.14/39454 |
Resumo: | This study aims to investigate the effects of renewable energy consumption on economic growth of major renewable energy consuming countries across the globe. It is used the Renewable Energy Country Attractiveness Index developed by Ernst & Young Global Limited, and were chosen 31 top renewable energy consuming countries to explain the growth process between 1990 and 2019. Panel estimation techniques are employed to cope with heterogeneity between countries and cointegration between variables. The results confirm the existence of long-run dynamics between traditional and energy inputs to economic growth. The findings from the average country indicate that renewable energy consumption has a significative and positive impact on economic output. It was also carried out a analysis of long-run output elasticities for each country. The findings confirm the growth hypothesis for 14 out of 31 countries, suggesting that, in most of these economies, governments, policy advisers, energy planners and associated bodies should promote investments in renewable energy sources. |
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Renewable energy and economic growth in major renewable energy consuming countries : an empirical analysisRenewable energy consumptionEconomic growthPanel dataDOLS modelGrowth hypothesisConsumo de energia renovávelCrescimento económicoDados em painelDinâmico OLSHipótese do crescimentoDomínio/Área Científica::Ciências Sociais::Economia e GestãoThis study aims to investigate the effects of renewable energy consumption on economic growth of major renewable energy consuming countries across the globe. It is used the Renewable Energy Country Attractiveness Index developed by Ernst & Young Global Limited, and were chosen 31 top renewable energy consuming countries to explain the growth process between 1990 and 2019. Panel estimation techniques are employed to cope with heterogeneity between countries and cointegration between variables. The results confirm the existence of long-run dynamics between traditional and energy inputs to economic growth. The findings from the average country indicate that renewable energy consumption has a significative and positive impact on economic output. It was also carried out a analysis of long-run output elasticities for each country. The findings confirm the growth hypothesis for 14 out of 31 countries, suggesting that, in most of these economies, governments, policy advisers, energy planners and associated bodies should promote investments in renewable energy sources.Este estudo tem como objetivo investigar os efeitos do consumo de energia renovável no crescimento económico dos principais países consumidores de energia renovável em todo o mundo. É utilizado o Renewable Energy Country Attractiveness Index desenvolvido pela Ernst & Young Global Limited, e foram escolhidos os 31 principais países consumidores de energia renovável para explicar o processo de crescimento entre 1990 e 2019. Empregam-se técnicas de estimação em painel para lidar com a heterogeneidade entre os países e a cointegração das variáveis. Os resultados confirmam a existência de uma dinâmica de longo prazo entre inputs tradicionais e energéticos e crescimento econômico. Os resultados para o país médio indicam que o consumo de energia renovável tem um impacto significativo e positivo na produção económica. Também foi realizada uma análise das elasticidades do produto de longo prazo para cada país e confirma-se a hipótese de crescimento para 14 dos 31 países, sugerindo que, na maioria destas economias, governos, conselheiros políticos, planeadores de energia e órgãos associados devem promover investimentos em fontes de energia renovável.Leitão, Alexandra Paula Branco PintoRibeiro, Ricardo Miguel Martins da CostaVeritati - Repositório Institucional da Universidade Católica PortuguesaGaspar, Luís Pedro Cerdeira e Vasconcelos dos Santos2022-11-30T14:45:21Z2022-10-212022-072022-10-21T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.14/39454TID:203088565enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-07-12T17:44:57Zoai:repositorio.ucp.pt:10400.14/39454Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T18:32:17.834300Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Renewable energy and economic growth in major renewable energy consuming countries : an empirical analysis |
title |
Renewable energy and economic growth in major renewable energy consuming countries : an empirical analysis |
spellingShingle |
Renewable energy and economic growth in major renewable energy consuming countries : an empirical analysis Gaspar, Luís Pedro Cerdeira e Vasconcelos dos Santos Renewable energy consumption Economic growth Panel data DOLS model Growth hypothesis Consumo de energia renovável Crescimento económico Dados em painel Dinâmico OLS Hipótese do crescimento Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
Renewable energy and economic growth in major renewable energy consuming countries : an empirical analysis |
title_full |
Renewable energy and economic growth in major renewable energy consuming countries : an empirical analysis |
title_fullStr |
Renewable energy and economic growth in major renewable energy consuming countries : an empirical analysis |
title_full_unstemmed |
Renewable energy and economic growth in major renewable energy consuming countries : an empirical analysis |
title_sort |
Renewable energy and economic growth in major renewable energy consuming countries : an empirical analysis |
author |
Gaspar, Luís Pedro Cerdeira e Vasconcelos dos Santos |
author_facet |
Gaspar, Luís Pedro Cerdeira e Vasconcelos dos Santos |
author_role |
author |
dc.contributor.none.fl_str_mv |
Leitão, Alexandra Paula Branco Pinto Ribeiro, Ricardo Miguel Martins da Costa Veritati - Repositório Institucional da Universidade Católica Portuguesa |
dc.contributor.author.fl_str_mv |
Gaspar, Luís Pedro Cerdeira e Vasconcelos dos Santos |
dc.subject.por.fl_str_mv |
Renewable energy consumption Economic growth Panel data DOLS model Growth hypothesis Consumo de energia renovável Crescimento económico Dados em painel Dinâmico OLS Hipótese do crescimento Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Renewable energy consumption Economic growth Panel data DOLS model Growth hypothesis Consumo de energia renovável Crescimento económico Dados em painel Dinâmico OLS Hipótese do crescimento Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
This study aims to investigate the effects of renewable energy consumption on economic growth of major renewable energy consuming countries across the globe. It is used the Renewable Energy Country Attractiveness Index developed by Ernst & Young Global Limited, and were chosen 31 top renewable energy consuming countries to explain the growth process between 1990 and 2019. Panel estimation techniques are employed to cope with heterogeneity between countries and cointegration between variables. The results confirm the existence of long-run dynamics between traditional and energy inputs to economic growth. The findings from the average country indicate that renewable energy consumption has a significative and positive impact on economic output. It was also carried out a analysis of long-run output elasticities for each country. The findings confirm the growth hypothesis for 14 out of 31 countries, suggesting that, in most of these economies, governments, policy advisers, energy planners and associated bodies should promote investments in renewable energy sources. |
publishDate |
2022 |
dc.date.none.fl_str_mv |
2022-11-30T14:45:21Z 2022-10-21 2022-07 2022-10-21T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.14/39454 TID:203088565 |
url |
http://hdl.handle.net/10400.14/39454 |
identifier_str_mv |
TID:203088565 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799132047208349696 |