Solar energy-economic growth nexus in top 10 countries with the highest installed capacity
      
Yazarlar (2)
Prof. Dr. Ümit BULUT Kırşehir Ahi Evran Üniversitesi, Türkiye
Angelıkı Menegakı
Agricultural University Of Athens, Yunanistan
Makale Türü Özgün Makale (SSCI, AHCI, SCI, SCI-Exp dergilerinde yayınlanan tam makale)
Dergi Adı Energy Sources Part B Economics Planning and Policy (Q4)
Dergi ISSN 1556-7249 Wos Dergi Scopus Dergi
Dergi Tarandığı Indeksler SCI-Expanded
Makale Dili İngilizce Basım Tarihi 05-2020
Cilt / Sayı / Sayfa 15 / 1 / 297–310 DOI 10.1080/15567249.2020.1788192
Makale Linki https://www.tandfonline.com/doi/full/10.1080/15567249.2020.1788192
Özet
This paper investigates the relationship between solar energy production and economic growth for top 10 countries with the highest installed solar energy production capacity as of 2017 (China, the USA, Japan, Germany, Italy, India, the UK, France, Australia, and Spain, respectively) using data over the period 1999–2015. For this purpose, the paper employs panel cointegration and causality methods that are robust to cross-sectional dependence. The findings imply that the coefficient of solar energy is insignificant in the empirical model and that there is no causality between solar energy and GDP, indicating the neutrality hypothesis prevails for solar energy. Theoretical and practical implications are also discussed.
Anahtar Kelimeler
cross-sectional dependence | economic growth | panel causality | panel cointegration | Renewable energy | solar energy