The Role of Economic Policy Uncertainty in Renewable Energy-Growth Nexus: Evidence from the Rossi-Wang Causality Test

Zhou Lu, Linchuang Zhu, Chi Keung Marco Lau, Aliyu Buhari Isah, Xiaoxian Zhu

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Abstract

This paper examines the causal relationship between renewable energy consumption and economic growth in four countries: Brazil, Germany, Japan, and the United States. Unlike previous papers, we control economic policy uncertainty's effects to capture the role of capabilities on the renewable energy-growth nexus. The recent Vector Autoregression (VAR)-based Granger-causality test of Rossi-Wang shows a bidirectional causal relationship between renewable energy and the economic growth in Brazil and Germany. There is also a significant causality from renewables to economic growth in the United States.
Original languageEnglish
JournalFrontiers in Energy Research
Publication statusAccepted/In press - 25 Aug 2021

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