European commitment to COP21 and the role of energy consumption, FDI, trade and economic complexity in sustaining economic growth
Copyright © 2020 Elsevier Ltd. All rights reserved..
The nexus between economic growth and energy consumption has been exhaustively explored, yet the empirical evidence and the theoretical points of view remain at odds. This study contextualises and capitalises on this discrepancy and examines the connection between non-renewable and renewable energy consumption and economic growth, considering the moderating impact of economic complexity, trade openness, FDI and institutional quality. We use a panel quantile regression model and data from 32 European countries in the period 1995-2014. Our key results show that economic complexity, renewable energy consumption, trade openness, FDI and institutional quality enhance economic growth. The results for non-renewable energy consumption showed both a positive and a negative impact in different quantiles, indicating that the consumption of renewable energy is in fact more effective for economic growth than the use of non-renewables. Our findings have far-reaching implications for stakeholders and policymakers working on sustainable economic growth and energy policy with a view to meeting the commitments made under the Paris Agreement (COP21).
| Medienart: |
E-Artikel |
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| Erscheinungsjahr: |
2020 |
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| Erschienen: |
2020 |
| Enthalten in: |
Zur Gesamtaufnahme - volume:273 |
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| Enthalten in: |
Journal of environmental management - 273(2020) vom: 01. Nov., Seite 111146 |
| Sprache: |
Englisch |
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| Beteiligte Personen: |
Doğan, Buhari [VerfasserIn] |
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| Links: |
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| Themen: |
142M471B3J |
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| Anmerkungen: |
Date Completed 15.09.2020 Date Revised 15.09.2020 published: Print-Electronic Citation Status MEDLINE |
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| doi: |
10.1016/j.jenvman.2020.111146 |
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| funding: |
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| Förderinstitution / Projekttitel: |
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| PPN (Katalog-ID): |
NLM313468222 |
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| 245 | 1 | 0 | |a European commitment to COP21 and the role of energy consumption, FDI, trade and economic complexity in sustaining economic growth |
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| 500 | |a Date Revised 15.09.2020 | ||
| 500 | |a published: Print-Electronic | ||
| 500 | |a Citation Status MEDLINE | ||
| 520 | |a Copyright © 2020 Elsevier Ltd. All rights reserved. | ||
| 520 | |a The nexus between economic growth and energy consumption has been exhaustively explored, yet the empirical evidence and the theoretical points of view remain at odds. This study contextualises and capitalises on this discrepancy and examines the connection between non-renewable and renewable energy consumption and economic growth, considering the moderating impact of economic complexity, trade openness, FDI and institutional quality. We use a panel quantile regression model and data from 32 European countries in the period 1995-2014. Our key results show that economic complexity, renewable energy consumption, trade openness, FDI and institutional quality enhance economic growth. The results for non-renewable energy consumption showed both a positive and a negative impact in different quantiles, indicating that the consumption of renewable energy is in fact more effective for economic growth than the use of non-renewables. Our findings have far-reaching implications for stakeholders and policymakers working on sustainable economic growth and energy policy with a view to meeting the commitments made under the Paris Agreement (COP21) | ||
| 650 | 4 | |a Journal Article | |
| 650 | 4 | |a Complexity | |
| 650 | 4 | |a Economic growth | |
| 650 | 4 | |a Energy consumption | |
| 650 | 4 | |a FDI | |
| 650 | 4 | |a Institutional quality | |
| 650 | 4 | |a Renewable energy. COP 21 | |
| 650 | 4 | |a Trade | |
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| 700 | 1 | |a Balsalobre-Lorente, Daniel |e verfasserin |4 aut | |
| 700 | 1 | |a Nasir, Muhammad Ali |e verfasserin |4 aut | |
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