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Bulut, Umit
Inglesi-Lotz, Roula
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[Journal:] Energy Reports [ISSN:] 2352-4847 [Volume:] 5 [Publisher:] Elsevier [Place:] Amsterdam [Year:] 2019 [Pages:] 425-430
Elsevier, Amsterdam
This paper investigates the impacts of non-renewable consumption (NRE) and renewable energy consumption (RE) on industrial production (IP) in the US using monthly data from 2000:01 to 2018:02. To do so, the paper employs the nonlinear autoregressive distributed lag (NARDL) approach to examine asymmetric relationships, thus contributing to the past literature methodologically. The findings show that both non-renewable and renewable energy drive industrial growth in the US and that a certain asymmetric behaviour can be concluded: the impact of an increase in NRE on IP is greater than that of a decrease in NRE on IP, while the influence of an increase in RE on IP seems to be less than that of a decrease in RE on IP.
Economic growth
Non-renewable energy consumption
Nonlinear autoregressive distributed lag approach
Renewable energy consumption
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