Renewable, non-renewable energy consumption and economic growth nexus in G7: fresh evidence from CS-ARDL

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dc.authoridGuzel, Arif Eser/0000-0001-5072-9527
dc.authoridDESTEK, Mehmet Akif/0000-0002-2514-9405
dc.contributor.authorOkumus, Ilyas
dc.contributor.authorGuzel, Arif Eser
dc.contributor.authorDestek, Mehmet Akif
dc.date.accessioned2024-09-18T20:55:44Z
dc.date.available2024-09-18T20:55:44Z
dc.date.issued2021
dc.departmentHatay Mustafa Kemal Üniversitesien_US
dc.description.abstractThis study investigates the effects of renewable energy (REN) consumption and non-renewable energy (NREN) consumption on economic growth in G7 countries with annual data covering the period 1980-2016 using a new panel data estimator that provides robust results under cross-sectional dependence, slope heterogeneity, and can be used whether series are integrated in different orders. In addition, the causality between the variables is analyzed with the panel bootstrap Granger causality method takes cross-sectional dependency and slope heterogeneity into account. According to Cross-sectionally Augmented Autoregressive Distributed Lag (CS-ARDL) results, the coefficients of REN and NREN consumption are positive and statistically significant in both the short- and long-run. Furthermore, NREN consumption has a greater impact on enhancing economic growth than REN consumption. The panel bootstrap causality analysis reveals that the growth hypothesis (GH) is valid in REN in Canada, Italy, and the USA; neutrality is valid in REN in France, Japan, and the UK; the feedback hypothesis (FE) is valid for REN only in Germany. For NREN, the GH is valid for Canada, France, and Germany; the conservation hypothesis (CH) is valid in Italy and the UK. Finally, the FH is valid in Japan and the USA.en_US
dc.identifier.doi10.1007/s11356-021-14618-7
dc.identifier.endpage56605en_US
dc.identifier.issn0944-1344
dc.identifier.issn1614-7499
dc.identifier.issue40en_US
dc.identifier.pmid34075498en_US
dc.identifier.scopus2-s2.0-85107375605en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.startpage56595en_US
dc.identifier.urihttps://doi.org/10.1007/s11356-021-14618-7
dc.identifier.urihttps://hdl.handle.net/20.500.12483/12025
dc.identifier.volume28en_US
dc.identifier.wosWOS:000656808300015en_US
dc.identifier.wosqualityQ2en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.indekslendigikaynakPubMeden_US
dc.language.isoenen_US
dc.publisherSpringer Heidelbergen_US
dc.relation.ispartofEnvironmental Science and Pollution Researchen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectRenewable energyen_US
dc.subjectNon-renewable energyen_US
dc.subjectCS-ARDL analysisen_US
dc.subjectG7 countriesen_US
dc.subjectEconomic growthen_US
dc.titleRenewable, non-renewable energy consumption and economic growth nexus in G7: fresh evidence from CS-ARDLen_US
dc.typeArticleen_US

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