Renewable Energy, Urbanization, Fossil Fuel Consumption, and Economic Growth Dilemma in Romania: Examining the Short- and Long-Term Impact

The primary objective of this research was to determine the impact renewable energy, alternative and nuclear urbanization, energy use, fossil fuel consumption on Romanian economic development. To investigate relation between variables, we employed Autoregressive Distributed Lag (ARDL) technique in conjunction with FMOLS (Fully Modified Least Squares) CCR (Canonical Cointegrating Regression). Long-run short-run findings suggest that as well consumption, has a positive association growth, but usage have an adversative relationship growth. Similarly, statistics indicate favorable Renewable other hand, revealed negative connection progress. Conservative solutions are necessary implement appropriate policies address concerns Romania order improve