Professional paper
https://doi.org/10.2478/zireb-2021-0006
The Effect of Renewable Energy Consumption on Economic Growth in Croatia
Sonia Pearson
; Faculty of Economics and Business, University of Zagreb, Zagreb, Croatia
Abstract
This paper investigates the effect of renewable energy on economic growth in Croatia for the period 1996-2018. The Autoregressive Distributed Lag (ARDL) technique is used to find the long run relationships between renewable energy, energy consumption and economic growth. The empirical analysis indicates that renewable energy has a positive and significant effect on economic growth in the short and long run. These findings indicate that the Croatian government can continue to boost renewable energy investment without impeding economic growth.
Keywords
Renewable energy; economic growth; ARDL; Croatia
Hrčak ID:
258004
URI
Publication date:
31.5.2021.
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