The Causal Relationship of Renewable Energy and Non-renewable Energy Consumption to the Economic Growth of the Philippines
نویسندگان
چکیده
The Philippines has one of the highest electricity prices in Asia. Contributing factors to these are short supply domestic coal and oil resources, high cost imported coal, lack pursuit renewable energy. This paper looks into causal relationship between energy consumption economic growth Philippines. It identified if a Granger causality exists variables GDP per capita, capita nonrenewable capita. An objective was identify shifting is means further spur Philippine growth. data taken from World Bank, while calculated Our Data ranging years 1965 2019. tests were used determine said caused another. Results show support null hypothesis that do not cause A significant positive found GDP. Taken together, empirical findings provide valuable information for policymakers future researchers. suggest conservation policies may still be implemented without negatively affecting Policy recommendations include usage sources mitigate environmental degradation reduce carbon emissions. As becomes more appealing as source efficient sustainable electricity, attention must continually given country's industry.
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ژورنال
عنوان ژورنال: Journal of economics, finance and accounting studies
سال: 2022
ISSN: ['2709-0809']
DOI: https://doi.org/10.32996/jefas.2022.4.1.22