The study of renewable energy and economic development

Abstract

Purpose

This paper aims to examine the factors influencing renewable energy output.

Design/methodology/approach

The panel data model was used to analyze the fixed and random effects.

Findings

The results showed that economic development, environmental-related technology patents, renewable energy consumption and the publication of papers and periodicals contributed to enhancing renewable energy production. Wind power generation’s adjustment speed is faster than that of solar power generation in the renewable energy sector. The use of renewable energy was affected by the weather and related costs.

Originality/value

Many countries choose energy with reasonable prices and stable power generation and use renewable energy as additional backup power.

Citation

Chen, J.-H. and Cheng, Y.-C. (2023), "The study of renewable energy and economic development", Studies in Economics and Finance, Vol. 40 No. 1, pp. 86-111. https://doi.org/10.1108/SEF-08-2021-0326