Enhancing environmental quality and economic growth through potential effects of energy efficiency and renewable energy in Asian economies.

ABSTRACT: This study examines the potential impacts of energy efficiency and renewable energy on economic growth proxies by gross domestic product and environmental quality proxies by carbon dioxide emissions across eight selected Asian countries from 2000 to 2020. This study contributes by calculating green total factor productivity and carbon total factor productivity based on the famous Solow's residual via employing a modified extensive growth accounting model that internalized ignored factors such as energy efficiency and renewable energy. The employed panel cointegration techniques confirm that all variables are co-integrated with carbon dioxide emissions and economic growth. The pooled mean group/autoregressive distributed lag model analysis results indicate that energy efficiency is positive

SUBMITTER: Ahmed EM 

PROVIDER: S-EPMC11447217 | biostudies-literature | 2024 Oct

REPOSITORIES: biostudies-literature