The Relationship between Renewable Energy Consumption and Economic Growth in Azerbaijan
This article examines the causal relationship between renewable energy consumption and economic growth in case of Azerbaijan using annual data from 1992 to 2015. The Toda-Yamamoto causality test framework of vector autoregressive (VAR) model is utilized to test causal relationship between the variab...
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| Format: | Article |
| Language: | English |
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EconJournals
2022-01-01
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| Series: | International Journal of Energy Economics and Policy |
| Subjects: | |
| Online Access: | https://econjournals.com/index.php/ijeep/article/view/11948 |
| _version_ | 1797920766801477632 |
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| author | Shahriyar Mukhtarov |
| author_facet | Shahriyar Mukhtarov |
| author_sort | Shahriyar Mukhtarov |
| collection | DOAJ |
| description | This article examines the causal relationship between renewable energy consumption and economic growth in case of Azerbaijan using annual data from 1992 to 2015. The Toda-Yamamoto causality test framework of vector autoregressive (VAR) model is utilized to test causal relationship between the variables. The results of this test reveal that there is unidirectional causality running from economic growth to renewable energy consumption. The study's findings might be a helpful tool for Azerbaijani policymakers and oil-rich economies to make renewable energy-related policy decisions. |
| first_indexed | 2024-04-10T14:06:08Z |
| format | Article |
| id | doaj.art-049e88fba6bf4c4ca2cf2599bfaae5e5 |
| institution | Directory Open Access Journal |
| issn | 2146-4553 |
| language | English |
| last_indexed | 2024-04-10T14:06:08Z |
| publishDate | 2022-01-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Energy Economics and Policy |
| spelling | doaj.art-049e88fba6bf4c4ca2cf2599bfaae5e52023-02-15T16:09:58ZengEconJournalsInternational Journal of Energy Economics and Policy2146-45532022-01-0112110.32479/ijeep.11948The Relationship between Renewable Energy Consumption and Economic Growth in AzerbaijanShahriyar Mukhtarov01. Department of Economics, Baku Engineering University, Azerbaijan; 2. Faculty of Economics and International Relations, Vistula University, Warsaw, Poland; 3.UNEC Empirical Research Center, Azerbaijan State University of Economics (UNEC), Baku, Azerbaijan.This article examines the causal relationship between renewable energy consumption and economic growth in case of Azerbaijan using annual data from 1992 to 2015. The Toda-Yamamoto causality test framework of vector autoregressive (VAR) model is utilized to test causal relationship between the variables. The results of this test reveal that there is unidirectional causality running from economic growth to renewable energy consumption. The study's findings might be a helpful tool for Azerbaijani policymakers and oil-rich economies to make renewable energy-related policy decisions.https://econjournals.com/index.php/ijeep/article/view/11948Renewable EnergyToda-Yamamoto causality testEconomic GrowthAzerbaijan |
| spellingShingle | Shahriyar Mukhtarov The Relationship between Renewable Energy Consumption and Economic Growth in Azerbaijan International Journal of Energy Economics and Policy Renewable Energy Toda-Yamamoto causality test Economic Growth Azerbaijan |
| title | The Relationship between Renewable Energy Consumption and Economic Growth in Azerbaijan |
| title_full | The Relationship between Renewable Energy Consumption and Economic Growth in Azerbaijan |
| title_fullStr | The Relationship between Renewable Energy Consumption and Economic Growth in Azerbaijan |
| title_full_unstemmed | The Relationship between Renewable Energy Consumption and Economic Growth in Azerbaijan |
| title_short | The Relationship between Renewable Energy Consumption and Economic Growth in Azerbaijan |
| title_sort | relationship between renewable energy consumption and economic growth in azerbaijan |
| topic | Renewable Energy Toda-Yamamoto causality test Economic Growth Azerbaijan |
| url | https://econjournals.com/index.php/ijeep/article/view/11948 |
| work_keys_str_mv | AT shahriyarmukhtarov therelationshipbetweenrenewableenergyconsumptionandeconomicgrowthinazerbaijan AT shahriyarmukhtarov relationshipbetweenrenewableenergyconsumptionandeconomicgrowthinazerbaijan |