Relationship between Renewable Energy and Economic Growth in Developed Countries
Abubakirova A. Saimagambetova G. Omarova A. Saubetova B. Taskinbaikyzy Z.
22 December 2025Econjournals
International Journal of Energy Economics and Policy
2025#15Issue 1233 - 238 pp.
In this study, the relationship between renewable energy and economic growth in G7 countries for the period 2000-2023 was investigated with Kao and Johansen Fisher panel cointegration tests and the direction of the relationship was determined with the FMOLS and DOLS test results. The empirical findings obtained show that there is a positive relationship between renewable energy production and economic growth. According to the results of the FMOLS method application, a 1% change in renewable energy production in G7 countries will cause approximately 0.70% change in economic growth in the long term. As a result of the DOLS method application, this coefficient was estimated as 0.66.
Economic Growth , G7 Countries , Panel Data Analysis , Renewable Energy
Text of the article Перейти на текст статьи
Khoja Akhmet Yassawi International Kazakh-Turkish University, Turkestan, Kazakhstan
Caspian University of Technology and Engineering, Aktau, Kazakhstan
Yessenov University, Aktau, Kazakhstan
Khoja Akhmet Yassawi International Kazakh-Turkish University
Caspian University of Technology and Engineering
Yessenov University
10 лет помогаем публиковать статьи Международный издатель
Книга Публикация научной статьи Волощук 2026 Book Publication of a scientific article 2026