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Energies
Article . 2022 . Peer-reviewed
License: CC BY
Data sources: Crossref
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Energies
Article . 2022
Data sources: DOAJ
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Renewable Energy, Urbanization, Fossil Fuel Consumption, and Economic Growth Dilemma in Romania: Examining the Short- and Long-Term Impact

Authors: Abdul Rehman; Magdalena Radulescu; Laura Mariana Cismaș; Cristian-Mihai Cismaș; Abbas Ali Chandio; Smaranda (Toma) Simoni;

Renewable Energy, Urbanization, Fossil Fuel Consumption, and Economic Growth Dilemma in Romania: Examining the Short- and Long-Term Impact

Abstract

The primary objective of this research was to determine the impact of renewable energy, alternative and nuclear energy, urbanization, energy use, and fossil fuel energy consumption on Romanian economic development. To investigate the relation between variables, we employed the Autoregressive Distributed Lag (ARDL) technique in conjunction with FMOLS (Fully Modified Least Squares) and CCR (Canonical Cointegrating Regression). Long-run and short-run findings suggest that alternative and nuclear energy, as well as fossil fuel consumption, has a positive association with economic growth, but renewable energy, urbanization, and energy usage have an adversative relationship with economic growth. Similarly, FMOLS and CCR statistics indicate that alternative and nuclear energy and fossil fuel consumption have a favorable impact on economic development. Renewable energy consumption, urbanization, and energy use, on the other hand, revealed a negative connection with economic progress. Conservative solutions are necessary to implement appropriate policies to address energy consumption concerns in Romania in order to improve economic development.

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Keywords

Technology, T, renewable energy; urbanization; environmental sustainability; energy consumption; economic development, urbanization, renewable energy, economic development, energy consumption, environmental sustainability

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    citations
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    27
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Top 10%
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Top 10%
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Top 10%
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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
27
Top 10%
Top 10%
Top 10%
gold