The impact of renewable energy consumption, trade openness, CO2 emissions, income inequality, on economic growth

被引:37
|
作者
Yang, Xiaotian [1 ]
Ramos-Meza, Carlos Samuel [2 ]
Shabbir, Malik Shahzad [3 ]
Ali, Syed Ahtsham [4 ]
Jain, Vipin [5 ]
机构
[1] Hubei Univ Econ, Sch Finance & Publ Adm, Wuhan, Peoples R China
[2] Univ Andina Cusco, Res Inst IC, Cuzco, Peru
[3] Univ Lahore, Dept Management Sci, Lahore, Pakistan
[4] Shanghai Jianqiao Univ, Business Sch, Shanghai, Peoples R China
[5] Teerthanker Mahaveer Inst Management & Technol, Moradabad, Uttar Pradesh, India
关键词
Renewable energy consumption; AMG estimator; Income inequality; OECD countries; Trade openness;
D O I
10.1016/j.esr.2022.101003
中图分类号
TE [石油、天然气工业]; TK [能源与动力工程];
学科分类号
0807 ; 0820 ;
摘要
This research explores the influence of real oil prices, trade openness, carbon emanations, economic growth, and income inequality on renewable energy consumption (REC) in twenty (20) OECD nations from 1991 to 2020 by employing the AMG assessor, which takes into account slope heterogeneity (SH) and CSD. The empirical outcomes confirm a significant favorable long-run relationship between these nexus, except for Carbon emanations, which are adversely related with REC, respectively. The findings also reveal that trade openness, REC, income inequality, and real oil prices all have a one-way causal relationship with CO2 emanations. Notwithstanding, it has discovered that there is bi-directional causality between income inequality and REC.
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页数:4
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