1. Analyzing the impacts of economic growth, pollution, technological innovation and trade on renewable energy production in selected Latin American countries.
- Author
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Vural, Gulfer
- Subjects
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TECHNOLOGICAL innovations , *CARBON emissions , *ECONOMIC impact , *ECONOMIC expansion , *POLLUTION , *PANEL analysis - Abstract
Renewable energy attracts attentions by removing the harmful effects of fossil fuels and protecting the environment. The focus of this study is to investigate GDP per capita, carbon dioxide emissions per capita, technological innovation and trade as the determinants of renewable energy production for the selected Latin American countries during the 1991–2014 period. Technological innovation factor is rarely investigated as one of the determinants of renewable energy. The country group includes Argentina, Brazil, Mexico, Colombia, Chile and Guatemala. Empirical results are obtained by applying panel estimation methods. Cointegration relationship among the analyzed variables is confirmed by Pedroni and Westerlund panel cointegration tests. According to the empirical analysis, GDP per capita, technological innovation and trade have positive and statistically significant impact on renewable energy production per capita. On the other hand, it is found that carbon dioxide emissions and renewable energy production are negatively associated. In addition, the elasticity estimates with respect to technological innovation and trade are found as close to each other. The policy implications of the empirical findings are argued as well. [Display omitted] • The drivers of renewable energy generation are analyzed by panel data techniques. • A 1% rise in output is found to increase renewable energy production by 0.26%. • The effects of technological innovation and trade are estimated as very close. • The elasticity estimate with respect to CO2 emission is found as −0.196. [ABSTRACT FROM AUTHOR]
- Published
- 2021
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