ArticleHeliyon2023
Does higher income lead to more renewable energy consumption? Evidence from emerging-Asian countries.
Article in Heliyon, 2023. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Not yet cited in PubMed.
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The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.
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Authors and funding
2 authors.
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Abstract
While some previous studies find a positive relationship between income or economic output and the share of renewables in energy consumption, others find a negative relationship. To bridge these seemingly contradictory findings, we test a non-linear relationship between income and the share of renewable energy sources in total energy consumption (REC%) in eight emerging-Asian countries. Using the feasible generalized least squares method and controlling for financial development and capital formation (two variables found in the literature to affect the use of renewable energy), we find a U-shaped relationship between income and the share of renewables in total energy consumption. In other words, at lower income levels, as income (Gross Domestic Product per capita) increases, REC% decreases. Once the income reaches a certain level, the relationship becomes positive. Financial development positively affects REC%. The implications and policy recommendations are presented in light of these findings.
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