An article by Dr. Gülfer Vural of IMU Department of Economics titled “Analyzing the impacts of economic growth, pollution, technological innovation and trade on renewable energy production in selected Latin American countries” was published in the 171st issue of Renewable Energy Journal.
In her study, VURAL draws attention to renewable energy, eliminating the harmful effects of fossil fuels, and protecting the environment and addresses issues such as GDP per capita, carbon dioxide emissions per capita, technological innovation and trade as the determinants of renewable energy production for selected Latin American countries in the 1991-2014 period. Addressing issues that are rarely explored as one of the determinants of renewable energy such as the technological innovation factor, the study’s country group includes Argentina, Brazil, Mexico, Colombia, Chile, and Guatemala.
The empirical analyses performed by the author revealed that GDP per capita, technological innovation and trade have a positive and statistically significant effect on renewable energy production per capita. On the other hand, the study has shown that carbon dioxide emissions and renewable energy production are negatively related. The policy recommendations in the light of the empirical findings are also discussed in the article.