The Effect of Renewable Energy Consumption on Economic Stability: Panel Data Analysis on Selected Countries
This study aims to investigate the effect of renewable energy consumption on economic stability. In this regard, covering the period of 1990-2016, data of 35 countries, 19 of which are developed and 16 of which are developing, were used. The cointegration analysis results reveal that, there is a lon...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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University Library System, University of Pittsburgh
2020-09-01
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| Series: | Emerging Markets Journal |
| Subjects: | |
| Online Access: | http://emaj.pitt.edu/ojs/index.php/emaj/article/view/201 |
| _version_ | 1818060822573744128 |
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| author | Tunahan Hacıimamoğlu Ali Rıza Sandalcılar |
| author_facet | Tunahan Hacıimamoğlu Ali Rıza Sandalcılar |
| author_sort | Tunahan Hacıimamoğlu |
| collection | DOAJ |
| description | This study aims to investigate the effect of renewable energy consumption on economic stability. In this regard, covering the period of 1990-2016, data of 35 countries, 19 of which are developed and 16 of which are developing, were used. The cointegration analysis results reveal that, there is a long-term relationship between the two variables in developed and developing countries. According to panel coefficient estimators, the effect of renewable energy consumption on economic stability is positive and statistically meaningful in Germany, Denmark, Italy, Switzerland, and Sweden, which are developed countries, and also in Egypt, Turkey, Taiwan, Pakistan, and Indonesia, which are developing countries. However, the effect is negative and significant in contrast to expectations in England and Belgium, which are developed countries, and in India and the Philippines, which are developing countries. |
| first_indexed | 2024-12-10T13:38:32Z |
| format | Article |
| id | doaj.art-53fad14bb5aa45bf820b0f8c52522914 |
| institution | Directory Open Access Journal |
| issn | 2158-8708 |
| language | English |
| last_indexed | 2024-12-10T13:38:32Z |
| publishDate | 2020-09-01 |
| publisher | University Library System, University of Pittsburgh |
| record_format | Article |
| series | Emerging Markets Journal |
| spelling | doaj.art-53fad14bb5aa45bf820b0f8c525229142022-12-22T01:46:45ZengUniversity Library System, University of PittsburghEmerging Markets Journal2158-87082020-09-01101102010.5195/emaj.2020.201133The Effect of Renewable Energy Consumption on Economic Stability: Panel Data Analysis on Selected CountriesTunahan Hacıimamoğlu0Ali Rıza Sandalcılar1Recep Tayyip Erdoğan UniversityRecep Tayyip Erdoğan UniversityThis study aims to investigate the effect of renewable energy consumption on economic stability. In this regard, covering the period of 1990-2016, data of 35 countries, 19 of which are developed and 16 of which are developing, were used. The cointegration analysis results reveal that, there is a long-term relationship between the two variables in developed and developing countries. According to panel coefficient estimators, the effect of renewable energy consumption on economic stability is positive and statistically meaningful in Germany, Denmark, Italy, Switzerland, and Sweden, which are developed countries, and also in Egypt, Turkey, Taiwan, Pakistan, and Indonesia, which are developing countries. However, the effect is negative and significant in contrast to expectations in England and Belgium, which are developed countries, and in India and the Philippines, which are developing countries.http://emaj.pitt.edu/ojs/index.php/emaj/article/view/201energyrenewable energy, non-renewable energy, economic stability, political stability |
| spellingShingle | Tunahan Hacıimamoğlu Ali Rıza Sandalcılar The Effect of Renewable Energy Consumption on Economic Stability: Panel Data Analysis on Selected Countries Emerging Markets Journal energy renewable energy, non-renewable energy, economic stability, political stability |
| title | The Effect of Renewable Energy Consumption on Economic Stability: Panel Data Analysis on Selected Countries |
| title_full | The Effect of Renewable Energy Consumption on Economic Stability: Panel Data Analysis on Selected Countries |
| title_fullStr | The Effect of Renewable Energy Consumption on Economic Stability: Panel Data Analysis on Selected Countries |
| title_full_unstemmed | The Effect of Renewable Energy Consumption on Economic Stability: Panel Data Analysis on Selected Countries |
| title_short | The Effect of Renewable Energy Consumption on Economic Stability: Panel Data Analysis on Selected Countries |
| title_sort | effect of renewable energy consumption on economic stability panel data analysis on selected countries |
| topic | energy renewable energy, non-renewable energy, economic stability, political stability |
| url | http://emaj.pitt.edu/ojs/index.php/emaj/article/view/201 |
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