Abstract:

Abstract This paper studies the asymmetric relationship between renewable energy consumption and economic growth incorporating capital and labor for the case of Saudi Arabia during the period 1990-2019. The nonlinear lagged cointegration (NARDL) model is applied to examine the asymmetric cointegration between the variables. The results indicate that there is an asymmetric relationship between the variables considered. The negative labor shock improves economic growth, while a positive shock reduces (increases) economic growth in the short term. Therefore, policies to promote economic growth, such as the need to improve the quality of financial development and preserve fiscal sustainability, are crucial to improve the renewable energy sector in Saudi Arabia. At the same time, it is essential that the renewable energy sector must also be oriented towards productive development projects. Downloads Download data is not yet available. Downloads FULL TEXT Published 2022-09-27 How to Cite Benlaria, H., & Hamid Hamad, A. A. J. (2022). Economic Impact of Renewable Energy on Sustainable Development in Saudi Arabia . International Journal of Energy Economics and Policy, 12(5), 311–318. https://doi.org/10.32479/ijeep.13289 More Citation Formats ACM ACS APA ABNT Chicago Harvard IEEE MLA Turabian Vancouver Download Citation Endnote/Zotero/Mendeley (RIS) BibTeX Issue Vol. 12 No. 5 (2022) Section Articles License Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication. Make a Submission Make a Submission Dergi Kapağı

Keywords: