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Solar Energy Production and Economic Growth: An Analysis for EU Countries

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  • Meryem FİLİZ-BAŞTÜRK

Abstract

Producing and consuming solar energy as a clean energy resource in economies has gained importance. The importance of solar energy is based on reducing costs due to technological developments. Responsive to whether the contribution of investing in solar energy to reach proclaimed new development strategies in the EU Green Deal has been one of the critical indicators for policymakers nowadays. In this context, this paper analysed the impacts of solar energy production on the economic growth of EU member countries. After the analysis, using a two-way fixed effects model and Driscoll-Kraay standard errors 2018-2021, solar energy production’s positive and statistically significant effects on economic growth were found.

Suggested Citation

  • Meryem FİLİZ-BAŞTÜRK, 2024. "Solar Energy Production and Economic Growth: An Analysis for EU Countries," Sosyoekonomi Journal, Sosyoekonomi Society, issue 32(60).
    • Handle: RePEc:sos:sosjrn:240205
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    More about this item

    Keywords

    Solar Energy; Economic Growth; EU Economies; Green Economy; European Green Deal.;
    All these keywords.

    JEL classification:

    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics

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