Does the Type of Renewable Energy Matter for Economic Growth? An International Study

Auteurs

  • Lamiae Sarsar Faculty of Legal, Economic and Social Sciences – Souissi, Mohammed 5 University of Rabat, Rabat, Morocco
  • Abdellah Echaoui Faculty of Legal, Economic and Social Sciences – Souissi, Mohamed 5 University of Rabat, Rabat, Morocco

DOI :

https://doi.org/10.61549/ijfsem.v3i2.176

Mots-clés :

Economic growth, Renewable energy, Source-wise analysis, Panel econometrics

Résumé

This paper analyzes the effects of different sources of renewable energy on economic growth utilizing a panel of 210 countries and territories between 1965 and 2021. The focus lies on five renewable energy sources: solar, wind, hydraulic, biofuel, and geothermal. Findings reveal that geothermal and hydraulic energies impact positively economic growth, while solar, wind, and biofuel energies negatively impact it. Consequently, the study suggests that policymakers should prioritize the development and investment in hydraulic and geothermal energy, while reconsidering support for solar, wind, and biofuel sources. The efficiency and cost of each energy type may vary based on factors such as location, technology, and available resources.

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Publiée

2024-06-18

Comment citer

Sarsar, L., & Echaoui, A. (2024). Does the Type of Renewable Energy Matter for Economic Growth? An International Study. International Journal of Financial Studies, Economics and Management, 3(2), 1–11. https://doi.org/10.61549/ijfsem.v3i2.176

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