Could financial development eliminate energy poverty through renewable energy in Poland?

Energy Policy - Tập 182 - Trang 113747 - 2023
Shahriyar Mukhtarov1,2, Jeyhun I. Mikayilov3
1Faculty of Business and International Relations, Vistula University, Warsaw, Poland
2UNEC Empirical Research Center, Azerbaijan State University of Economics (UNEC), Baku, Azerbaijan
3Energy Macro & Microeconomics, King Abdullah Petroleum Studies and Research Center, Riyadh, Saudi Arabia

Tài liệu tham khảo

Ali, 2018, Dynamics between financial development, tourism, sanitation, renewable energy, trade and total reserves in 19 Asia cooperation dialogue members, J. Clean. Prod., 179, 114, 10.1016/j.jclepro.2018.01.066 Alsaleh, 2019, Financial development and bioenergy consumption in the EU28 region: evidence from panel auto-regressive distributed lag bound approach, Resources, 8, 10.3390/resources8010044 Amin, 2022, The relationship between financial development and renewable energy consumption in South Asian countries, Environ. Sci. Pollut. Res., 29, 58022, 10.1007/s11356-022-19596-y Anton, 2020, The effect of financial development on renewable energy consumption. A panel data approach, Renew. Energy, 147, 330, 10.1016/j.renene.2019.09.005 Archive, 2001 Ari, 2018, 435 Armeanu, 2021, Understanding the multidimensional linkages among renewable energy, pollution, economic growth and urbanization in contemporary economies: quantitative assessments across different income countries' groups, Renew. Sustain. Energy Rev., 10.1016/j.rser.2021.110818 Belaïd, 2019, Renewable and non-renewable electricity consumption, environmental degradation and economic development: evidence from Mediterranean countries, Energy Pol., 133, 10.1016/j.enpol.2019.110929 Best, 2017, Switching towards coal or renewable energy? The effects of financial capital on energy transitions, Energy Econ., 63, 75, 10.1016/j.eneco.2017.01.019 Breetz, 2018, The political logics of clean energy transitions, Bus. Polit., 20, 492, 10.1017/bap.2018.14 Burakov, 2017, Financial development, economic growth and renewable energy consumption in Russia: a vector error correction approach, Int. J. Energy Econ. Pol., 7, 39 Castle, 2011, Evaluating automatic model selection, J. Time Econom., 3 Castle, 2021, Robust discovery of regression models, Econometrics and Statistics Ҫetin, 2018, Finansal gelişmişliğin yenilenebilir enerji tüketimi üzerindeki uzun dönemli etkileri: G-7 ülkeleri örneği, Trakya Üniversitesi Sosyal Bilimler Dergisi, 20, 37, 10.26468/trakyasobed.421105 Chang, 2015, Effects of financial developments and income on energy consumption, Int. Rev. Econ. Finance, 35, 28, 10.1016/j.iref.2014.08.011 Chang, 2022, Nexus between financial development and renewable energy: empirical evidence from nonlinear autoregression distributed lag, Renew. Energy, 193, 475, 10.1016/j.renene.2022.04.160 Claessens, 2006 Desboulets, 2018, A review on variable selection in regression analysis, Econometrics, 6, 45, 10.3390/econometrics6040045 Dickey, 1979, Distribution of the estimators for autoregressive time series with a unit root, J. Am. Stat. Assoc., 74, 427, 10.2307/2286348 Dimnwobi, 2022, Financial development and renewable energy consumption in Nigeria, Renew. Energy, 192, 668, 10.1016/j.renene.2022.04.150 Doornik, 2009, Autometrics, 88 Doornik, 1994 Doornik, 2018, vol. I Energymeasures Engle, 1982, Autoregressive conditional heteroscedasticity, with estimates of the variance of United Kingdom inflation, Econometrica, 50, 987, 10.2307/1912773 Eren, 2019, The impact of financial development and economic growth on renewable energy consumption: empirical analysis of India, Sci. Total Environ., 663, 189, 10.1016/j.scitotenv.2019.01.323 Ericsson, 2021, 1311 2022 Eurostat Godfrey, 1978, Testing for higher order serial correlation in regression equations when the regressors include lagged dependent variables, Econometrica, 46, 1303, 10.2307/1913830 Hassine, 2017, The causal links between economic growth, renewable energy, financial development and foreign trade in Gulf Cooperation Council countries, Int. J. Energy Econ. Pol., 7, 76 Hendry, 2014 Hendry, 2004, Sub-sample model selection procedures in general-to-specific modelling Hendry, 2005, The properties of automatic Gets modelling, Econ. J., 115, C32, 10.1111/j.0013-0133.2005.00979.x Hoover, 1999, Data mining reconsidered: encompassing and the general‐to‐specific approach to specification search, Econom. J., 2, 167, 10.1111/1368-423X.00025 Ji, 2019, How much does financial development contribute to renewable energy growth and upgrading of energy structure in China?, Energy Pol., 128, 114, 10.1016/j.enpol.2018.12.047 Karacan, 2021, The Impact of Oil Price on Transition toward Renewable Energy Consumption? Evidence from Russia, Energies, 14, 2947.doi, 10.3390/en14102947 Khan, 2020, The heterogeneity of renewable energy consumption, carbon emission and financial development in the globe: a panel quantile regression approach, Energy Rep., 6, 859, 10.1016/j.egyr.2020.04.002 Khoshnevis Yazdi, 2017, Renewable energy, nonrenewable energy consumption, and economic growth, Energy Sources B Energy Econ. Plann., 12, 1038, 10.1080/15567249.2017.1316795 Komal, 2015, Linking financial development, economic growth and energy consumption in Pakistan, Renew. Sustain. Energy Rev., 44, 211, 10.1016/j.rser.2014.12.015 Kravets, 2015, vol. 535, 222 Kutan, 2017, Financing renewable energy projects in major emerging market economies: evidence in the perspective of sustainable economic development, Emerg. Mark. Finance Trade Lin, 2016, Factors influencing renewable electricity consumption in China, Renew. Sustain. Energy Rev., 55, 687, 10.1016/j.rser.2015.11.003 Liu, 2020, Do real output and renewable energy consumption affect CO2 emissions? Evidence for selected BRICS countries, Energies, 13, 960, 10.3390/en13040960 Mahadevan, 2007, Energy consumption, economic growth and prices: a reassessment using panel VECM for developed and developing countries, Energy Pol., 35, 2481, 10.1016/j.enpol.2006.08.019 Makrygiorgou, 2017, Stability analysis of DC distribution systems with droop-based charge sharing on energy storage devices, Energies, 10, 433, 10.3390/en10040433 Mukhtarov, 2018, The impact of financial development on energy consumption: evidence from an Oil-Rich economy, Energies, 11, 1536, 10.3390/en11061536 Mukhtarov, 2020, The financial development-renewable energy consumption nexus in the case of Azerbaijan, Energies, 13, 10.3390/en13236265 Mukhtarov, 2020, The effect of financial development on energy consumption in the case of Kazakhstan, J. Appl. Econ., 23, 75, 10.1080/15140326.2019.1709690 Mukhtarov, 2022, The effect of financial development on energy consumption: evidence from Russia, Int. J. Energy Econ. Pol., 12, 243, 10.32479/ijeep.12534 Mukhtarov, 2022, The impact of financial development on renewable energy consumption: evidence from Turkey, Renew. Energy, 187, 169, 10.1016/j.renene.2022.01.061 Mukhtarov, 2022, Higher oil prices, are they good or bad for renewable energy consumption: the case of Iran?, Renew. Energy, 186, 411, 10.1016/j.renene.2021.12.135 Our World in Data Park, 1992, Canonical cointegrating regressions, Econometrica, 60, 119, 10.2307/2951679 Pata, 2018, Renewable energy consumption, urbanization, financial development, income and CO2 emissions in Turkey: testing EKC hypothesis with structural breaks, J. Clean. Prod., 187, 770, 10.1016/j.jclepro.2018.03.236 Pesaran, 1999, An autoregressive distributed lag modeling approach to cointegration analysis Pesaran, 2001, Bounds testing approaches to the analysis of level relationships, J. Appl. Econom., 16, 289, 10.1002/jae.616 Phillips, 1990, Statistical inference in instrumental variables regression with I(1) processes, Rev. Econ. Stud., 57, 99, 10.2307/2297545 Prempeh, 2023, The impact of financial development on renewable energy consumption: new insights from Ghana, Futur. Bus. J., 9, 6, 10.1186/s43093-023-00183-7 Qamruzzaman, 2020, The asymmetric relationship between financial development, trade openness, foreign capital flows, and renewable energy consumption: fresh evidence from panel NARDL investigation, Renew. Energy, 159, 827, 10.1016/j.renene.2020.06.069 Ramsey James, 1969, Tests for specification errors in classical linear Least Squares regression analysis, J. Roy. Stat. Soc. B, 31, 350 Raza, 2020, Ahmed, Non-linear threshold effect of financial development on renewable energy consumption: evidence from panel smooth transition regression approach, Environ. Sci. Pollut. Control Ser., 27, 32034, 10.1007/s11356-020-09520-7 Saadaoui, 2022, The impact of financial development on renewable energy development in the MENA region: the role of institutional and political factors, Environ. Sci. Pollut. Res., 29, 39461, 10.1007/s11356-022-18976-8 Sadorsky, 2009, Renewable energy consumption, CO2 emissions and oil prices in the G7 countries, Energy Econ, 31, 456, 10.1016/j.eneco.2008.12.010 Sadorsky, 2010, The impact of financial development on energy consumption in emerging economies, Energy Pol., 38, 2528, 10.1016/j.enpol.2009.12.048 Shahbaz, 2021, The effect of financial development on renewable energy demand: the case of developing countries, Renew. Energy, 178, 1370, 10.1016/j.renene.2021.06.121 Sokolov-Mladenović, 2016, R&D expenditure and economic growth: EU28 evidence for the period 2002-2012, Economic Research-Ekonomska Istraživanja, 29, 1005, 10.1080/1331677X.2016.1211948 Sun, 2023, The impact of financial development on renewable energy consumption: a multidimensional analysis based on global panel data, Int. J. Environ. Res. Publ. Health, 20, 3124, 10.3390/ijerph20043124 Tamazian, 2010, Do economic, financial and institutional developments matter for environmental degradation? Evidence from transitional economies, Energy Econ., 32, 137, 10.1016/j.eneco.2009.04.004 Tamazian, 2009, Does higher economic and financial development lead to environmental degradation: evidence from BRIC countries, Energy Pol., 37, 246, 10.1016/j.enpol.2008.08.025 2021 White, 1980, A heteroscedasticity consistent covariance matrix estimator and a direct test of heteroscedasticity, Econometrica, 48, 817, 10.2307/1912934 World Bank, 2023 Wu, 2015, Does economic, financial and institutional development matter for renewable energy consumption? Evidence from emerging economies, Int. J. Econ. Pol. Emerg. Econ., 8, 20 Wurgler, 2000, Financial markets and the allocation of capital, J. Financ. Econ., 58, 187, 10.1016/S0304-405X(00)00070-2