| Abstract [eng] |
The paper examines the relationship between economic growth and the use of renewable energy sources in the European Union in the period 2009-2019. With the rapid development of their economies, more and more countries are moving towards more efficient energy measures that also address the challenges of climate change - renewable energy sources. However, it is not clear what impact these resources have on economic growth, so this paper will analyze their impact on the key economic indicator of GDP. The paper performs statistical analysis and econometric models, which allow to evaluate the existing relationship between the selected indicators. Renewable energy sources have an indirect impact on GDP growth, so the relationship between the energy indicators, the changes of which are determined by renewable energy sources, and GDP and the dynamics of the selected period is analyzed first. Then, an econometric model of ADL is analyzed and developed in detail, which will allow to estimate the relationship between the countries with the highest and lowest GDP and the volume of renewable energy sources, as well as the popularity of certain RES. |
