Do fossil fuel and renewable energy consumption affect total factor productivity growth? Evidence from cross-country data with policy insights

Simple item page
dc.contributor.authorBal, Debi Prasad
dc.date.accessioned2023-02-03T03:59:06Z
dc.date.available2023-02-03T03:59:06Z
dc.date.issued2019-04
dc.description.abstractThis study examines whether types of energy consumption affects the total factor productivity (TFP) growth. Using annual data of 1981–2013 for the panel sample of 36 countries, the results show that fossil fuel consumption declines the TFP growth, whereas, renewable energy consumption boosts the TFP growth. However, the results vary across different sub-panels. Further, the results from panel Granger causality support the feedback hypothesis in the long-run, whereas, weak evidence is found in the short-run. Since our findings supported feedback hypothesis, thus, policy should focus on reducing fossil fuel and using more renewable energy for achieving a ‘‘win-win’’ position of sustainable higher productivity growth with protective environmental quality in the long-run.en_US
dc.identifier.urihttps://www.sciencedirect.com/science/article/pii/S0301421518308103
dc.identifier.urihttp://dspace.bits-pilani.ac.in:8080/xmlui/handle/123456789/8925
dc.language.isoenen_US
dc.publisherElsevieren_US
dc.subjectEconomics and Financeen_US
dc.subjectEnergy Consumptionen_US
dc.subjectTotal factor productivity growthen_US
dc.subjectCIPS unit root testen_US
dc.subjectPanel Cointegrationen_US
dc.subjectPanel causalityen_US
dc.titleDo fossil fuel and renewable energy consumption affect total factor productivity growth? Evidence from cross-country data with policy insightsen_US
dc.typeArticleen_US

Files

License bundle

Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download

Collections

Department of Economics and Finance