Renewable and non-renewable energy consumption and total factor productivity growth: The case of G20 countries

نویسندگان

چکیده

The purpose of this paper is to investigate the short and long-run relationships between renewable, non-renewable energy consumption (NREC) economic growth. This study highlights importance renewable improve total factor productivity (TFP) in G20 countries spanning on 2002-2018. Using approach panel Feasible Generalized Least Squares (PFGLS) cross-section period weight FGLS sur robust, we have divided sample three groups: G20, G7 G20-G7. findings show that there a negative effect Renewable Energy Consumption (REC) TFP positive other groups. Our main results indicate strong significant relationship REC growth long run hull countries. But, G7, due environment. granger causality tests existence one-way from NREC G20-G7, while G7. To boost overall maintain sustainable development, all nations must invest energy.

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ژورنال

عنوان ژورنال: Energy economics letters

سال: 2023

ISSN: ['2308-2925']

DOI: https://doi.org/10.55493/5049.v10i1.4806