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Other Economics Commons

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SelectedWorks

2013

ARDL; BRICS; Granger causality; Economic growth; Renewable energy.

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Full-Text Articles in Other Economics

On The Causal Dynamics Between Economic Growth, Renewable Energy Consumption, Co2 Emissions And Trade Openness: Fresh Evidence From Brics Countries, Maamar Sebri, Ousama Ben Salha Dec 2013

On The Causal Dynamics Between Economic Growth, Renewable Energy Consumption, Co2 Emissions And Trade Openness: Fresh Evidence From Brics Countries, Maamar Sebri, Ousama Ben Salha

Ousama Ben Salha

The current study investigates the causal relationship between economic growth and renewable energy consumption in the BRICS countries over the period 1971-2010 within a multivariate framework. The ARDL bounds testing approach to cointegration and vector error correction model (VECM) are used to examine the long-run and causal relationships between economic growth, renewable energy consumption, trade openness and carbon dioxide emissions. Empirical evidence shows that, based on the ARDL estimates, there exist long-run equilibrium relationships among the competing variables. Regarding the VECM results, bi-directional Granger causality exists between economic growth and renewable energy consumption, suggesting the feedback hypothesis, which can explain …