The interconnectedness of energy consumption with economic growth: A granger causality analysis.

ABSTRACT: In considering today's energy challenges, the link between the usage of renewable and non-renewable energy sources and economic growth has gained substantial policy attention. This research examines the complex relationship between these three variables to understand how non-renewable energy consumption and renewable energy consumption interact and what that means for economic growth. This study uses the Granger causality approach to explore the relationships between non-renewable energy consumption, renewable energy consumption, and economic development. It draws on a comprehensive dataset from the Word Bank database, including 152 nations from 1990 to 2019. The analysis is further disaggregated by four subgroups of countries; least developed, developed, transitional economies and develop

SUBMITTER: Perera N 

PROVIDER: S-EPMC11402754 | biostudies-literature | 2024 Sep

REPOSITORIES: biostudies-literature