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The Impact Of Clean Energy On Economic Growth: An Econometrics Approach, Cheng Zhang
The Impact Of Clean Energy On Economic Growth: An Econometrics Approach, Cheng Zhang
Pepperdine Policy Review
This paper reviews the relationship between economic performance and clean energy using country level data. A combined instrumental variable and fixed-effect regression model is adopted to determine the relationship. By examining data in the past 50 years, we conclude that developing alternative energy will harm GDP growth, but to a relatively small degree. Thus, policymakers can take advantage of alternative energy research and development as a long-term investment that will reduce reliance on traditional energy sources.