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dc.contributor.authorChien, Taichenen_US
dc.contributor.authorHu, Jin-Lien_US
dc.date.accessioned2014-12-08T15:11:06Z-
dc.date.available2014-12-08T15:11:06Z-
dc.date.issued2008-08-01en_US
dc.identifier.issn0301-4215en_US
dc.identifier.urihttp://dx.doi.org/10.1016/j.enpol.2008.04.012en_US
dc.identifier.urihttp://hdl.handle.net/11536/8508-
dc.description.abstractThis article analyzes the effects of renewable energy on GDP for 116 economies in 2003 through Structural Equation Modeling (SEM) approach. In order to decipher the mechanism of how the use of renewables improves macroeconomic efficiency, we decompose GDP by the "expenditure approach". Although previous theory predicts positive effects of renewables on capital formation and trade balance, the SEM results show that renewables have a significant positive influence on capital formation only. The result that renewables do not have a significant impact on trade balance implies that renewables do not have an import substitution effect. Thus, we confirm the positive relationship between renewable energy and GDP through the path of increasing capital formation, but not for the path of increasing trade balance. (C) 2008 Elsevier Ltd. All rights reserved.en_US
dc.language.isoen_USen_US
dc.subjectStructural Equation Modeling (SEM)en_US
dc.subjecttechnical efficiencyen_US
dc.subjectrenewable energyen_US
dc.titleRenewable energy: An efficient mechanism to improve GDPen_US
dc.typeArticleen_US
dc.identifier.doi10.1016/j.enpol.2008.04.012en_US
dc.identifier.journalENERGY POLICYen_US
dc.citation.volume36en_US
dc.citation.issue8en_US
dc.citation.spage3045en_US
dc.citation.epage3052en_US
dc.contributor.department經營管理研究所zh_TW
dc.contributor.departmentInstitute of Business and Managementen_US
dc.identifier.wosnumberWOS:000258806000031-
dc.citation.woscount37-
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