Which type of energy drove industrial growth in the US from 2000 to 2018?
      
Yazarlar (2)
Prof. Dr. Ümit BULUT Kırşehir Ahi Evran Üniversitesi, Türkiye
Roula Inglesı Lotz
University Of Pretoria, Güney Afrika Cumhuriyeti
Makale Türü Açık Erişim Özgün Makale (SSCI, AHCI, SCI, SCI-Exp dergilerinde yayınlanan tam makale)
Dergi Adı Energy Reports (Q2)
Dergi ISSN 2352-4847 Wos Dergi Scopus Dergi
Dergi Tarandığı Indeksler SCI-Expanded
Makale Dili İngilizce Basım Tarihi 11-2019
Cilt / Sayı / Sayfa 5 / 1 / 425–430 DOI 10.1016/j.egyr.2019.04.005
Özet
This paper investigates the impacts of non-renewable consumption (NRE) and renewable energy consumption (RE) on industrial production (IP) in the US using monthly data from 2000:01 to 2018:02. To do so, the paper employs the nonlinear autoregressive distributed lag (NARDL) approach to examine asymmetric relationships, thus contributing to the past literature methodologically. The findings show that both non-renewable and renewable energy drive industrial growth in the US and that a certain asymmetric behaviour can be concluded: the impact of an increase in NRE on IP is greater than that of a decrease in NRE on IP, while the influence of an increase in RE on IP seems to be less than that of a decrease in RE on IP.
Anahtar Kelimeler
Economic growth | Non-renewable energy consumption | Nonlinear autoregressive distributed lag approach | Renewable energy consumption