Impact of renewable energy on economic growth? Novel evidence from developing countries through MMQR estimations.

This study aims to examine the association between economic growth and energy consumption (renewable and nonrenewable). The data was collected from 80 developing countries comprising countries from all income over the 1990 to 2020 period. On methodological aspects, this study identifies the diverse impact of variables at different quantiles through novel methods of movement quantile regression (MMQR) approach and long-run coefficient estimations through fully modified ordinary least squares, fixed effects ordinary least squares, and dynamic ordinary least squares.

How green finance and financial development promote green economic growth: deployment of clean energy sources in South Asia.

A major issue for governments in the past few decades has been environmental deterioration caused by economic activity. Researchers are increasingly interested in the factors that contribute to environmental deterioration. This research fills the empirical gaps by looking at the influence of carbon footprints of growth and R&D investment on green finance development of renewable energy.