The analysis of the relationship between renewable energy and human development

Küçük Resim Yok

Tarih

2023

Dergi Başlığı

Dergi ISSN

Cilt Başlığı

Yayıncı

IGI Global

Erişim Hakkı

info:eu-repo/semantics/closedAccess

Özet

As in all areas of human life, energy plays a vital role in these areas as well. However, reasons such as the risk of depletion of traditional energy sources, damage to the environment, and supply shocks have led to more discussion of renewable energy sources. The aim of the study is to analyze the relationship between renewable energy and human development for 37 OECD countries for the period 1990-2018. For this purpose, Gengenbach, Urbain, and Westerlund panel cointegration test and Dumitrescu-Hurlin panel causality tests were applied. Empirical results reveal that the increase in the rate of renewable energy consumption in total energy consumption positively affects human development. Also, the Dumitrescu-Hurlin panel causality test shows that there is no causality between human development and renewable energy consumption. These results will help policy makers and government officials in OECD countries better understand the role of renewable energy in the human development process. © 2023 by IGI Global. All rights reserved.

Açıklama

Anahtar Kelimeler

Kaynak

Sustainable Growth and Global Social Development in Competitive Economies

WoS Q Değeri

Scopus Q Değeri

N/A

Cilt

Sayı

Künye