The Relationship Between Renewable Energy Consumption and Economic Growth in Central and Eastern European (CEE) Countries
|Author:||Bc. Amral Gayibov|
|Year:||2022 - summer|
|Leaders:|| prof. Ing. Karel Janda M.A., Dr., Ph.D.
|Work type:|| Bachelors
|Awards and prizes:|
|Abstract:||The final conclusion on Renewable Energy consumption (REN consumption) and the Economic Growth
relationship is still absent. This thesis focused on filling the gap in this phenomenon in Central and
Eastern Europe (CEE). Ten selected countries from the CEE region are analyzed during the period 1990-
2016 using panel data, the possible effects of Carbon dioxide emissions, population, R&D, and FDI are
also examined as well as Economic growth. The results indicate that there is a non-linear relationship
between Renewable Energy consumption and Economic growth, the population is positively affecting
REN consumption as well, however, CO2 emissions, R&D, and FDI indicated statistical insignificance in
REN consumption. According to the empirical results, the capacity of the selected countries to reach
REN consumption targets is also examined in the paper.