The Impact of Renewable Energy Consumption on Economic Growth in Bangladesh: Evidence from ARDL and VECM Analyses

In pursuit of achieving developed country status by 2041, Bangladesh is committed to comprehensive socioeconomic development—a goal intrinsically tied the critical task securing a reliable, uninterrupted energy supply while optimizing utilization available sources. This study used 1980–2018 annual data examine implications transition and causal relationships among economic growth, renewable energy, natural gas consumption in Bangladesh. A rigorous two-step process investigated correlations variables. The autoregressive distributive lag (ARDL) model was scrutinize long-term relationships, vector error correction (VEC) ascertain directionality these relationships. outcomes bound tests conclusively revealed presence long-run equilibrium relationship Causality analyses indicated unidirectional from growth long run short run. bidirectional found between These findings underscore potential conservation strategies catalyze suggest an avenue for achieve its ambitious development goals.