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Do renewable energy consumption and green trade openness matter for human well-being? Empirical evidence from European Union countries

Author

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  • Betul Can

    (Osmangazi University)

  • Zahoor Ahmed

    (Cyprus International University
    ILMA University)

  • Mahmood Ahmad

    (Shandong University of Technology)

  • Muhlis Can

    (BETA Akademi)

Abstract

Human well-being is an important indicator that indicates the welfare level of society. In recent literature, scholars have attempted to detect the determinants of human well-being. However, the impact of green trade openness on human well-being has not been investigated. Also, there are limited studies on renewable energy and the human well-being nexus. Hence, this study aims to investigate the impact of green trade openness and renewable energy consumption on human well-being for 25 European Union (EU) member states over the period from 2003 to 2016. The empirical findings demonstrated that green trade openness increases human well-being in all quantiles (0.1–0.90), while renewable energy consumption shows a significant and positive effect on human well-being across quantiles (0.1–0.90) in EU nations. These conclusions were found robust in all estimation techniques. Lastly, policy suggestions are directed to raise the level of human well-being.

Suggested Citation

  • Betul Can & Zahoor Ahmed & Mahmood Ahmad & Muhlis Can, 2022. "Do renewable energy consumption and green trade openness matter for human well-being? Empirical evidence from European Union countries," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 164(3), pages 1043-1059, December.
    • Handle: RePEc:spr:soinre:v:164:y:2022:i:3:d:10.1007_s11205-022-02981-y
    DOI: 10.1007/s11205-022-02981-y
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    2. Anna Barwińska Małajowicz & Miroslava Knapková & Krzysztof Szczotka & Miriam Martinkovičová & Radosław Pyrek, 2022. "Energy Efficiency Policies in Poland and Slovakia in the Context of Individual Well-Being," Energies, MDPI, vol. 16(1), pages 1-29, December.
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    4. Luo, Chunyang & Yang, Fucheng & Pan, Lu, 2024. "Exploring the nexus between natural resources, environmental pollution, external conflicts, financial stability and human development: Evidence from OECD nations," Resources Policy, Elsevier, vol. 88(C).

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