Abstract
The present thesisexamines the impact of foreign direct investment (FDI) inflows on the renewable energy consumption (REC) as far as France, Spain and Austria are concerned, spanning the period 1990-2015 and using the ARDL approach. In addition, the impact of stock market capitalization (SMC) and financial development (FD) on renewable energy consumption is investigated. Following the important unit root tests, the ARDL methodological approach was applied, with the results finding that there exists a cointegration relationship among Renewable Energy Consumption and its determinants (i.e., FDI, SMC, FD). Eventually, the conclusion of the empirical analysis is presented, while certain policy recommendations are also offered.
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