The renewable energy consumption and growth in the G-7 countries : evidence from historical decomposition method

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dc.contributor.author Balcilar, Mehmet
dc.contributor.author Ozdemir, Zeynel Abidin
dc.contributor.author Ozdemir, Huseyin
dc.contributor.author Shahbaz, Muhammad
dc.date.accessioned 2018-10-18T08:22:54Z
dc.date.issued 2018-10
dc.description.abstract This paper aims to analyze the time-varying effects of renewable energy consumption on economic growth and vice versa for the G-7 countries. To this end, the historical decomposition method with bootstrap is utilized. The findings show that the effect of economic growth on renewable energy consumption is highly time-varying and strongly positive during the whole analysis period for Germany, Italy and the United States. Although the result is usually analogous in most periods for Canada, France, Japan and the United Kingdom, the contribution of economic growth on renewable energy consumption is reversed in some periods. Additionally, the effect of renewable energy consumption on economic growth shows remarkable time-variations for all the G-7 countries, but does not produce a consistent direction of effect over the entire analysis period. For Germany, Italy and the United Kingdom, renewable energy consumption appears to be a driving force for economic growth during nearly in the whole time period after early 1990s. en_ZA
dc.description.department Economics en_ZA
dc.description.embargo 2019-10-01
dc.description.librarian hj2018 en_ZA
dc.description.uri http://www.elsevier.com/locate/renene en_ZA
dc.identifier.citation Balcilar, M., Ozdemir, Z.A., Ozdemir, H. et al. 2018, 'The renewable energy consumption and growth in the G-7 countries : evidence from historical decomposition method', Renewable Energy, vol. 126, pp. 594-604. en_ZA
dc.identifier.issn 0960-1481 (print)
dc.identifier.issn 1879-0682 (online)
dc.identifier.other 10.1016/j.renene.2018.03.066
dc.identifier.uri http://hdl.handle.net/2263/66943
dc.language.iso en en_ZA
dc.publisher Elsevier en_ZA
dc.rights © 2018 Elsevier Ltd. All rights reserved. Notice : this is the author’s version of a work that was accepted for publication in Renewable Energy. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. A definitive version was subsequently published in Renewable Energy, vol. 126, pp. 594-604, 2018. doi : 10.1016/j.renene.2018.03.066. en_ZA
dc.subject Renewable energy consumption en_ZA
dc.subject Historical decomposition en_ZA
dc.subject G-7 countries en_ZA
dc.subject Economic growth en_ZA
dc.subject Parameter instability en_ZA
dc.subject Asymmetric causality en_ZA
dc.subject Granger causality en_ZA
dc.subject Structural change en_ZA
dc.subject Tests en_ZA
dc.subject Nexus en_ZA
dc.subject Panel en_ZA
dc.subject Emissions en_ZA
dc.title The renewable energy consumption and growth in the G-7 countries : evidence from historical decomposition method en_ZA
dc.type Postprint Article en_ZA


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