Use renewables to be cleaner: Meta-analysis of the renewable energy consumption-economic growth nexus

Maamar Sebri

MPRA Paper from University Library of Munich, Germany

Abstract: The renewable energy consumption-economic growth nexus is a growing area of research over the last few years, emanating to mixed results. The aim of the current study is to quantitatively synthesise the empirical literature on the subject using the meta-analysis approach. In particular, a meta-multinomial regression is employed to investigate the sources of variation in the direction of causality between renewable energy consumption and economic growth. This causal relationship takes the form of four hypotheses, namely the conservation, growth, neutrality and feedback hypotheses. To the best of author’s knowledge, this study constitutes the first meta-analysis undertaken on the renewable energy consumption-economic growth nexus. The empirical results reveal that the variation in the supported hypotheses is due to a number of characteristics including model specification, data characteristics, estimation techniques (cointegration methods and causality tests), and development level of the country on which a study was conducted.

Keywords: Causality; economic growth; meta-analysis; multinomial logit model; renewable energy consumption. (search for similar items in EconPapers)
JEL-codes: Q2 Q26 Q3 Q4 (search for similar items in EconPapers)
Date: 2014-01-27
New Economics Papers: this item is included in nep-ene and nep-gro
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Related works:
Journal Article: Use renewables to be cleaner: Meta-analysis of the renewable energy consumption–economic growth nexus (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:53247

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