Publicação
Assessment of the renewable energy effect on economic growth in the European Union countries
| Resumo: | The aim of this research is to analyze comparatively how renewable energy usage can impact economic growth. It aims to research data from European Union countries from years 1995 to 2022. For this research, the dependent variable was GDP per capita and counting it in a 3-year tempo to have a longer period of time to not have a business cycle affecting the results. Independents: Renewable energy consumption, General government final consumption expenditure, Trade, Control of corruption, Gross capital formation, Employment to population ratio, Labour force, Foreign direct investments, Means years of schooling. Other factors are helping factors, because of the various conducted studies that have meaning to economic growth. Using the fixed effects model to obtain the best result it showed that the tested hypotheses of the selected factors and how it impacts economic growth in the countries of the European Union. It is seen that Renewable energy consumption did have a positive effect on economic growth and so did the control of corruption and labour force. But factors such as trade, foreign direct investments, final consumption expenditures of the government sector, and average years of schooling were not confirmed that it had a positive significant effect on economic growth. |
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| Autores principais: | Lapinskaite, Kamile |
| Assunto: | Renewable energy Economic growth Panel model Renewable energy consumption Regression model Environmental economics |
| Ano: | 2024 |
| País: | Portugal |
| Tipo de documento: | dissertação de mestrado |
| Tipo de acesso: | acesso embargado |
| Instituição associada: | Universidade de Aveiro |
| Idioma: | inglês |
| Origem: | RIA - Repositório Institucional da Universidade de Aveiro |
| Resumo: | The aim of this research is to analyze comparatively how renewable energy usage can impact economic growth. It aims to research data from European Union countries from years 1995 to 2022. For this research, the dependent variable was GDP per capita and counting it in a 3-year tempo to have a longer period of time to not have a business cycle affecting the results. Independents: Renewable energy consumption, General government final consumption expenditure, Trade, Control of corruption, Gross capital formation, Employment to population ratio, Labour force, Foreign direct investments, Means years of schooling. Other factors are helping factors, because of the various conducted studies that have meaning to economic growth. Using the fixed effects model to obtain the best result it showed that the tested hypotheses of the selected factors and how it impacts economic growth in the countries of the European Union. It is seen that Renewable energy consumption did have a positive effect on economic growth and so did the control of corruption and labour force. But factors such as trade, foreign direct investments, final consumption expenditures of the government sector, and average years of schooling were not confirmed that it had a positive significant effect on economic growth. |
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