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Renewable and Non-Renewable Energy Consumption and Economy: A Systematic Literature Review for Greece

Author

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  • MANTZARIS Ioannis
  • POLYCHRONIDOU Persefoni
  • TRIANTAFYLLIDOU Anna

Abstract

Recent research has increasingly explored the nexus between energy consumption and economic growth, with a particular focus on energy economics. Key factors driving this growing interest include environmental protection, the expansion of renewable energy sources, and recurrent energy crises, all of which have stimulated interdisciplinary investigations, particularly within the field of economics. This study conducts a systematic literature review of research related to Greece over the period 1994–2023, examining the relationship between energy consumption—both renewable and non-renewable—and economic growth. The paper categorizes and presents the methodologies employed, the thematic areas explored, the broader research classifications, the volume of studies, and the evolution of research in this domain. Special emphasis is placed on methodological approaches, including econometric techniques as well as emerging research trends that shape the field. Additionally, the study documents Greece’s legislative trajectory in renewable energy and compares findings with corresponding European studies. Identified research gaps include the need for longitudinal analyses and comparative policy assessments. The conclusions underscore the pivotal role of renewable energy in economic development and policymaking, offering insights and directions for future research.

Suggested Citation

  • MANTZARIS Ioannis & POLYCHRONIDOU Persefoni & TRIANTAFYLLIDOU Anna, 2024. "Renewable and Non-Renewable Energy Consumption and Economy: A Systematic Literature Review for Greece," European Journal of Interdisciplinary Studies, Bucharest Economic Academy, issue 02, June.
  • Handle: RePEc:jis:ejistu:y:2024:i:02:id:553
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    References listed on IDEAS

    as
    1. Apergis, Nicholas & Payne, James E., 2010. "Natural gas consumption and economic growth: A panel investigation of 67 countries," Applied Energy, Elsevier, vol. 87(8), pages 2759-2763, August.
    2. Huang, Bwo-Nung & Hwang, M.J. & Yang, C.W., 2008. "Causal relationship between energy consumption and GDP growth revisited: A dynamic panel data approach," Ecological Economics, Elsevier, vol. 67(1), pages 41-54, August.
    3. Acaravci, Ali & Ozturk, Ilhan, 2010. "Electricity consumption-growth nexus: Evidence from panel data for transition countries," Energy Economics, Elsevier, vol. 32(3), pages 604-608, May.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Energy economics; Greece; growth; renewable energy sources;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • P18 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Energy; Environment
    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment

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