The Impact of Fossil and Renewable Energy Consumption on the Economic Growth in Brazil, Russia, India, China and South Africa

Authors

  • Hadi Sasana
  • Imam Ghozali Diponegoro University Indonesia

Abstract

The energy consumption of the developing countries such as Brazil, Russia, India, China and South Africa (BRICS) continues to rise as the economic growth increases. The aim of this study was to analyze the effect of the consumption of the fossil fuels (coal, petroleum, and natural gas) and the renewable energy to the economic growth in the five BRICS countries. The analysis tool used was multiple linear regression using Fixed Effect Model (FEM) Method and panel data on time series from 1995 to 2014.The results showed that the consumption of fossil energy, especially coal energy, positively and significantly affects the economic growth in the BRICS countries. However the renewable energy consumption a negatively affects the economic growth in the BRICS countries.Keywords: economic growth, consumption of fossil energy, renewable energy consumption, BRICS.JEL Classifications: Q42, Q43

Downloads

Download data is not yet available.

Author Biography

Imam Ghozali, Diponegoro University Indonesia

Accounting Department

Downloads

Published

2017-07-18

How to Cite

Sasana, H., & Ghozali, I. (2017). The Impact of Fossil and Renewable Energy Consumption on the Economic Growth in Brazil, Russia, India, China and South Africa. International Journal of Energy Economics and Policy, 7(3), 194–200. Retrieved from https://econjournals.org.tr/index.php/ijeep/article/view/4926

Issue

Vol. 7 No. 3 (2017)

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and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher.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.