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Paper Information

Journal:   ENERGY ECONOMICS REVIEW   SPRING 2012 , Volume 9 , Number 32; Page(s) 51 To 72.
 
Paper: 

AN INVESTIGATION OF THE CONTRIBUTION OF RENEWABLE AND NON-RENEWABLE ENERGIES TO ECONOMIC GROWTH OF SELECTED DEVELOPING COUNTRIES (INCLUDING IRAN) OVER THE PERIOD OF 1980-2009

 
 
Author(s):  FOTROS MOHAMMAD HASSAN*, AGHAZADEH AKBAR, JABRAILI SEVDA
 
* FACULTY OF ECONOMICS AND SOCIAL SCIENCES, BU ALI SINA UNIVERSITY
 
Abstract: 

Renewable energies are more compatible with sustainable development as they are renewable and have minimal negative environmental impacts in their production process. As a result renewable energies are increasing their share in the global system of energy provision. Given the observed positive correlation between economic growth and energy consumption, it is clear that the achievement of developmental goals of developing countries is dependent on their access to new sources of energy.
This study investigates the relationships between renewable and nonrenewable energy consumptions and economic growth of selected developing countries (including Iran) during the period of 1980-2009. It does so by using panel unit root, panel Co integration, and pooled least square econometric procedures and tests to analysis the eventual relations between the variables within the selected countries.
The study confirms the existence of a Cointegration relationship between energy consumption and economic growth in the selected developing countries. The results further reveal that the impact of consumptiomn of nonrenewable energies on growth has been greater than that of renewable energies in the period of study.

 
Keyword(s): RENEWABLE ENERGY CONSUMPTION, NON-RENEWABLE ENERGY CONSUMPTION, ECONOMIC GROWTH, DEVELOPING COUNTRIES, PANEL UNIT ROOT, PANEL CO INTEGRATION, POOLED LEAST SQUARE
 
References: 
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