Abstract
This paper examines the relationship between energy consumption and green economic growth for 21 emerging countries over the period 1993-2015 by controlling the impact of trade openness, technological development, and urbanization. The empirical evidence is based on the cointegration tests and mean group estimators, which address the issue of heterogeneity and cross-sectional dependence. We obtain that the impact of renewable energy consumption on green economic growth is statistically significant and negative in emerging countries. It means that the use of renewable energy is far from stimulating sustainable economic growth in these countries. The findings reveal important policy implications for achieving green economic growth in emerging economies.
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