Lu, Zhou and Gozgor, Giray and Mahalik, Mantu Kumar and Padhan, Hemachandra and Yan, Cheng (2022) Welfare gains from international trade and renewable energy demand: Evidence from the OECD countries. Energy Economics, 112. p. 106153. DOI https://doi.org/10.1016/j.eneco.2022.106153
Lu, Zhou and Gozgor, Giray and Mahalik, Mantu Kumar and Padhan, Hemachandra and Yan, Cheng (2022) Welfare gains from international trade and renewable energy demand: Evidence from the OECD countries. Energy Economics, 112. p. 106153. DOI https://doi.org/10.1016/j.eneco.2022.106153
Lu, Zhou and Gozgor, Giray and Mahalik, Mantu Kumar and Padhan, Hemachandra and Yan, Cheng (2022) Welfare gains from international trade and renewable energy demand: Evidence from the OECD countries. Energy Economics, 112. p. 106153. DOI https://doi.org/10.1016/j.eneco.2022.106153
Abstract
This paper uses a new measure of international trade, i.e. the international trade potential index, to measure the welfare gains from trade across countries. The measure is based on the import shares of countries in their gross domestic products. It is observed that gains from international trade are low in prosperous economies, but they are larger in poorer economies. Then, the paper investigates the impact of the index of international trade potential on renewable energy consumption in the unbalanced panel dataset of 36 Organisation for Economic Co-operation and Development member countries from 1966 to 2016. The novel evidence is that international trade potential is positively related to renewable energy consumption. It is also found that per capita income, per capita carbon dioxide emissions, and energy prices increase the demand for renewable energy.
Item Type: | Article |
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Uncontrolled Keywords: | Renewable energy demand Renewable energy consumption International trade Trade openness International trade potential index Panel data estimation techniques |
Divisions: | Faculty of Social Sciences Faculty of Social Sciences > Essex Business School |
SWORD Depositor: | Unnamed user with email elements@essex.ac.uk |
Depositing User: | Unnamed user with email elements@essex.ac.uk |
Date Deposited: | 08 Nov 2022 14:49 |
Last Modified: | 30 Oct 2024 20:48 |
URI: | http://repository.essex.ac.uk/id/eprint/33052 |
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