The impact of financial development and economic growth on renewable energy consumption: Empirical analysis of India

Simple item page
dc.contributor.authorEren, Baris Memduh
dc.contributor.authorTaspinar, Nigar
dc.contributor.authorGokmenoglu, Korhan K.
dc.date.accessioned2026-02-06T18:43:00Z
dc.date.issued2019
dc.departmentDoğu Akdeniz Üniversitesi
dc.description.abstractThis current study investigates the impact of financial development and economic growth on renewable energy consumption in India. Annual time series data is used to cover the period 1971-2015. A long-run equilibrium relationship is confirmed among the variables of financial development, renewable energy consumption and economic growth by the Maki (2012) cointegration test under five structural breaks in the series. Dynamic ordinary least squares (DOLS) estimation results suggest statistically significant and positive impacts of economic growth and financial development on renewable energy consumption for the case of India. Moreover, the study applied the Granger causality test under a vector error correction model to estimate the existence and direction of causality between variables. The causality test results suggest that renewable energy consumption and economic growth are financial development driven in the long run and there is a bidirectional causality between renewable energy consumption and economic growth in India. (C) 2019 Elsevier B.V. All rights reserved.
dc.identifier.doi10.1016/j.scitotenv.2019.01.323
dc.identifier.endpage197
dc.identifier.issn0048-9697
dc.identifier.issn1879-1026
dc.identifier.orcid0000-0002-2013-6867
dc.identifier.orcid0000-0003-3012-4920
dc.identifier.pmid30711585
dc.identifier.scopus2-s2.0-85060705088
dc.identifier.scopusqualityQ1
dc.identifier.startpage189
dc.identifier.urihttps://doi.org/10.1016/j.scitotenv.2019.01.323
dc.identifier.urihttps://hdl.handle.net/11129/13400
dc.identifier.volume663
dc.identifier.wosWOS:000459858500018
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakPubMed
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherElsevier
dc.relation.ispartofScience of the Total Environment
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_WoS_20260204
dc.subjectRenewable energy
dc.subjectFinancial development
dc.subjectEconomic growth
dc.subjectCausality
dc.titleThe impact of financial development and economic growth on renewable energy consumption: Empirical analysis of India
dc.typeArticle

Files

Collections

WoS Indexed Publications Collection
PubMed Indexed Publications Collection
Scopus İndeksli Yayınlar Koleksiyonu