| ID | 091574 |
| Title Proper | Renewable energy consumption and income in emerging economies |
| Language | ENG |
| Author | Sadorsky, Perry |
| Publication | 2009. |
| Summary / Abstract (Note) | Increased economic growth and demand for energy in emerging economies is creating an opportunity for these countries to increase their usage of renewable energy. This paper presents and estimates two empirical models of renewable energy consumption and income for a panel of emerging economies. Panel cointegration estimates show that increases in real per capita income have a positive and statistically significant impact on per capita renewable energy consumption. In the long term, a 1% increase in real income per capita increases the consumption of renewable energy per capita in emerging economies by approximately 3.5%. Long-term renewable energy per capita consumption price elasticity estimates are approximately equal to ?0.70. |
| `In' analytical Note | Energy Policy Vol. 37, No. 10; Oct 2009: p4021-4028 |
| Journal Source | Energy Policy Vol. 37, No. 10; Oct 2009: p4021-4028 |
| Key Words | Renewable Energy ; Panel Cointegration ; Emerging Economies ; Energy Consumption ; Developing Countries |