Renewable Energy Consumption and Economic Growth: a note reassessing panel data results
We contribute to the renewable energy consumption-income (and growth) nexus literature by performing an empirical study on a worldwide
panel data, also accounting for cross-country dependency using a
parsimonious specification that accounts for traditional sources of
income differences as well as institutional features of the countries.
Our results present either negative or nonsignificant influence of the share of renewable energies consumption to economic growth and income.
Renewable energy consumption, economic growth regressions, economic growth