The relationship between renewable energy sources and sustainable economic growth: evidence from SAARC countries

Abstract

The purpose of this study is to examine the relationship between renewable energy sources and sustainable economic growth of the South Asian Association for Regional Cooperation (SAARC) countries. This study uses three main renewable energy sources such as geothermal, hydro and wind. This study collects dataset from SAARC countries from 1995 to 2018. This study applies a fixed-effect test and panel vector error correction model (PVECM) test for data analysis. The overall results show that all three renewable energy sources have positively significant impacts on economic development among SAARC countries’ economies. Moreover, the hydropower renewable energy source has more effects and influences on economic growth as relatively compared with the rest of the two individual sources of renewable energy.

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Data availability

The data is available on request from corresponding author.

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Contributions

Mr. Zhang has completed the analysis part, while Dr. Ambreen wrote the introduction part; Dr. Sharjeel wrote the literature review part; Mr. Malik Shahzad wrote the methodology section; Miss Kanwal wrote the conclusion and abstract sections; and finally, Miss Hina proofread the whole paper and adjusted the paper according to the journal format.

Corresponding author

Correspondence to Malik Shahzad Shabbir.

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Yikun, Z., Gul, A., Saleem, S. et al. The relationship between renewable energy sources and sustainable economic growth: evidence from SAARC countries. Environ Sci Pollut Res (2021). https://doi.org/10.1007/s11356-021-12795-z

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Keywords

  • Renewable energy sources
  • Sustainable economic growth
  • SAARC countries

JEL Classification

  • E13
  • D50