Affiliation:
1. School of Finance and Accounting, Fuzhou University of International Studies and Trade, Fujian, People’s Republic of China
Abstract
The economic development of any nation depends on energy production and consumption, thereby, needing more exploration from researchers. The current article thus makes an attempt to examine the role of REW and non-REW energy on the economic development in China. The current article has used renewable energy production (REP), and renewable energy consumption (REC) to measure renewable energy. The current research has used fossil fuel energy consumption, energy use, energy import, and electric power consumption to measure non-renewable energy. The present study has taken secondary data from world development indicators from 1986 to 2020. The article has applied the nonlinear autoregressive distributed lagged model to evaluate the association among the understudy constructs. The findings indicated that REP and REC, fossil fuel energy consumption, energy use, energy import, and electric power consumption are linked with economic development in a positive manner in China context. The study guides the regulators in establishing the regulations related to economic development through both type of energy resources.
Subject
Energy (miscellaneous),Energy Engineering and Power Technology,Renewable Energy, Sustainability and the Environment,Environmental Engineering