Energy, Renewable Energy and Growth: Evidence for BSEC countries

Conference contribution
(Conference Contribution)


Publication Details

Author(s): Dees P
Editor(s): International Association for Energy Economics
Publication year: 2017
Conference Proceedings Title: Online Proceedings of the 2nd IAEE Eurasian Conference
Language: English


Abstract


I investigate the relationship between output, energy use and renewables for BSEC countries, using a neoclassical production function with capital and labor as additional variables explaining the output. In this specification, I found a positive linkage between energy use and output respectively growth for most BSEC countries; exceptions are Azerbaijan and Georgia. Regarding renewables, there is no negative relation, that I assumed as initial hypothesis. Contrary, if growth and renewables are linked, the relation is positive. Here again, I found two exceptions, Albania and Turkey. In both countries, an expansion of installed renewable capacity negatively affects growth. The used model is based on OLS and panel OLS with country fixed effects. More advanced models were discarded as they seemed to be misspecified.



FAU Authors / FAU Editors

Dees, Philipp
Lehrstuhl für Volkswirtschaftslehre


How to cite

APA:
Dees, P. (2017). Energy, Renewable Energy and Growth: Evidence for BSEC countries. In International Association for Energy Economics (Eds.), Online Proceedings of the 2nd IAEE Eurasian Conference. Zagreb, HR.

MLA:
Dees, Philipp. "Energy, Renewable Energy and Growth: Evidence for BSEC countries." Proceedings of the 2nd IAEE Eurasian Conference, Zagreb Ed. International Association for Energy Economics, 2017.

BibTeX: 

Last updated on 2018-08-08 at 06:01