Clean energy, non-clean energy, and economic growth in the MIST countries

Hsiao-Tien Pao*, Yi Ying Li, Fu Hsin-Chia Fu

*此作品的通信作者

研究成果: Article同行評審

113 引文 斯高帕斯(Scopus)

摘要

This paper explores the causal relationship between clean (renewable/nuclear) and non-clean energy consumption and economic growth in emerging economies of the MIST (Mexico, Indonesia, South Korea, and Turkey) countries. The panel co-integration tests reveal that there is a long-term equilibrium relationship among GDP, capital formation, labor force, renewable/nuclear, and fossil fuel energy consumption. The panel causality results indicate that (1) there is a positive unidirectional short-run causality from fossil fuel energy consumption to economic growth with a bidirectional long-run causality; (2) there is a unidirectional long-run causality from renewable energy consumption to economic growth with positive bidirectional short-run causality, and a long-run causality from renewable to fossil fuel energy consumption with negative short-run feedback effects; and (3) there is a bidirectional long-run causality between nuclear energy consumption and economic growth and a long-run causality from fossil fuel energy consumption to nuclear energy consumption with positive short-run feedback effects. These suggest that MIST countries should be energy-dependent economies and that energy conservation policies may depress their economic development. However, developing renewable and nuclear energy is a viable solution for addressing energy security and climate change issues, and creating clean and fossil fuel energy partnerships could enhance a sustainable energy economy.

原文English
頁(從 - 到)932-942
頁數11
期刊Energy Policy
67
DOIs
出版狀態Published - 1 4月 2014

指紋

深入研究「Clean energy, non-clean energy, and economic growth in the MIST countries」主題。共同形成了獨特的指紋。

引用此