Abstract
The present research aims to conduct a systemic review on Renewable Energy, Economic Growth and Economic Development and look for links between the papers published between 2008 and May 2021. Using the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) methodology, it was possible to reach a sample of 111 articles selected by Web of Science and a sample of 199 academic articles selected by Scopus in that specific period. The analysis of the group of Renewable and Non-renewable Energy Consumption, Economic Growth and Economic Development shows that most of the articles published in this subsample use the quantitative methodology in economic sciences. The results indicate that research on the subject has a growing trend and that most of the articles are post-2015 publications. In addition, China has been the leading nation in published works. The journal Renewable and Sustainable Energy Reviews is considered the most relevant in this category, and Sustainability has the most publications. Finally, a research gap was identified to be explored, lacking studies aimed at understanding the consumption of renewable energies and economic development and studies that focus on renewable energies and economic growth in less developed economies.
Highlights
The investigation of what drives economic growth and development is thematic and will never cease to be relevant in academia
These and other studies pointed to a relevant relationship between energy consumption and economic growth, and the results obtained are of paramount importance in the development of policies and strategies according to the behavior of economic growth in the face of energy consumption
After observing an increase in carbon dioxide emissions, research began to find evidence that related this increase with an increase in economic activity; we began to investigate the gap in which energy consumption was inserted, as in, [10,11,12]
Summary
The investigation of what drives economic growth and development is thematic and will never cease to be relevant in academia. The nexus between economic growth and energy consumption has been a significantly explored subject in academia over the years; for example, in recent years, this nexus was investigated by several researchers [1,2,3,4,5,6,7,8,9]. These and other studies pointed to a relevant relationship between energy consumption and economic growth, and the results obtained are of paramount importance in the development of policies and strategies according to the behavior of economic growth in the face of energy consumption. The present paper proposes to build a bibliometric review that takes into account studies investigating the relationship between renewable energy, economic growth and economic development nexus in order to understand which direction this field of study is taking
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