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The Relationship Between Renewable Energy Consumption and Economic Growth in Central and Eastern European (CEE) Countries
Gayibov, Amral ; Janda, Karel (advisor) ; Šestořád, Tomáš (referee)
The Relationship Between Renewable Energy Consumption and Economic Growth in Central and Eastern European (CEE) Countries 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.
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