Investigation of the relationship between renewable energy, Tourism receipts and economic growth in Europe

IŞIK C., Radulescu M.

Statistika, vol.97, no.2, pp.85-94, 2017 (Scopus) identifier

  • Publication Type: Article / Article
  • Volume: 97 Issue: 2
  • Publication Date: 2017
  • Journal Name: Statistika
  • Journal Indexes: Scopus
  • Page Numbers: pp.85-94
  • Keywords: Economic growth, European Union, Pedroni panel co-integration tests, Renewable energy, Tourism receipts
  • Anadolu University Affiliated: No

Abstract

By using the Pedroni and Kao panel co-integration techniques, and FMOLS, DOLS and OLS methods, this study explores the long-run relationship among tourism receipts, renewable energy consumption and economic growth for the European Union countries. The long-run estimators report that "renewable energy increases economic growth", "tourism receipts increase economic growth", "capital increases economic growth" and "labor force increases economic growth". Further results and some policy implications are discussed in this empirical study.