ARTICLE

CLEAN ENERGY AND LONG RUN DYNAMICS OF OUTPUT LABOR AND CAPITAL STOCK EVIDENCE FROM CHINA

01 Pages : 1-14

http://dx.doi.org/10.31703/ger.2024(IX-III).01      10.31703/ger.2024(IX-III).01      Published : Sep 2024

Clean Energy and Long Run Dynamics of Output, Labor and Capital Stock: Evidence from China

    Clean energy has sparked the importance of a sustainable environment and economic production in China. The concerns of climate and global warming can be solved with the adoption of clean energy. This study investigates the potential long-run connection amid economic production, labor, and capital stock with clean energy employing data from the years 1990-2020 in China. The combination of long-run estimates with Granger causalit678y has been employed. The observed output indicates that there is a long-run connection among these variables in an equilibrium sense. Also, changes in clean energy are significant in explaining changes in economic production. The outputs of the causality test corroborate that clean energy is causing economic production. The estimated elasticity of clean energy with respect to production is statistically significant in the long run. The findings imply that the development of new energy technologies for clean energy should be incorporated into the energy mix to balance the supply-demand gap.

    Energy Sustainability; Economic Production; Clean Energy; Long Run
    (1) Muhammad Shakeel
    Assistant Professor, Department of Economics, Virtual University, Pakistan.
    (2) Shahbaz Sharif
    Lecturer, Department of Commerce, University of the Punjab, Jehlum Campus, Punjab, Pakistan.
    (3) Muhammad Rashid
    Visiting Lecturer, Department of Commerce, University of the Punjab, Jehlum Campus, Punjab, Pakistan.

Cite this article

    APA : Shakeel, M., Sharif, S., & Rashid, M. (2024). Clean Energy and Long Run Dynamics of Output, Labor and Capital Stock: Evidence from China. Global Economics Review, IX(III), 1-14. https://doi.org/10.31703/ger.2024(IX-III).01
    CHICAGO : Shakeel, Muhammad, Shahbaz Sharif, and Muhammad Rashid. 2024. "Clean Energy and Long Run Dynamics of Output, Labor and Capital Stock: Evidence from China." Global Economics Review, IX (III): 1-14 doi: 10.31703/ger.2024(IX-III).01
    HARVARD : SHAKEEL, M., SHARIF, S. & RASHID, M. 2024. Clean Energy and Long Run Dynamics of Output, Labor and Capital Stock: Evidence from China. Global Economics Review, IX, 1-14.
    MHRA : Shakeel, Muhammad, Shahbaz Sharif, and Muhammad Rashid. 2024. "Clean Energy and Long Run Dynamics of Output, Labor and Capital Stock: Evidence from China." Global Economics Review, IX: 1-14
    MLA : Shakeel, Muhammad, Shahbaz Sharif, and Muhammad Rashid. "Clean Energy and Long Run Dynamics of Output, Labor and Capital Stock: Evidence from China." Global Economics Review, IX.III (2024): 1-14 Print.
    OXFORD : Shakeel, Muhammad, Sharif, Shahbaz, and Rashid, Muhammad (2024), "Clean Energy and Long Run Dynamics of Output, Labor and Capital Stock: Evidence from China", Global Economics Review, IX (III), 1-14
    TURABIAN : Shakeel, Muhammad, Shahbaz Sharif, and Muhammad Rashid. "Clean Energy and Long Run Dynamics of Output, Labor and Capital Stock: Evidence from China." Global Economics Review IX, no. III (2024): 1-14. https://doi.org/10.31703/ger.2024(IX-III).01