Jianhua Luo
School of Public Administration, Southwest University of Finance and Economics, Chengdu, China.
Front Psychol. 2022 Jul 5;13:922833. doi: 10.3389/fpsyg.2022.922833. eCollection 2022.
The mounting pollution burden has raised the need for renewable energy demand throughout the world. The study aims to explore the effect of public debt on renewable energy consumption for selected 23 Asian economies for the time period 1990-2019. Long-run empirical findings of the group-wise symmetric ARDL model reveal that increasing public debt results in declining renewable energy consumption. However, findings of the long-run group-wise asymmetric ARDL model reveal that positive shock in public debt reduces renewable energy consumption, and negative shock in public debt results in increasing renewable energy consumption. The economy-wise empirical findings of the FMOLS model reveal that an increase in public debt results in increased renewable energy consumption in nine economies and decreased renewable energy consumption in six economies. The asymmetric FMOLS findings reveal that positive shock in public debt increases renewable energy consumption in nine economies and also decreases renewable energy consumption in nine economies. However, a negative shock in public debt increases renewable energy consumption in 12 economies and decreases renewable energy consumption in 5 economies. Additionally, this research provides numerous policy implications for renewable energy sources in Asian economies. Asian governments should use public debt for the consumption of renewable energy resources.
日益加重的污染负担促使全球对可再生能源的需求不断增加。本研究旨在探讨1990年至2019年期间选定的23个亚洲经济体中公共债务对可再生能源消费的影响。分组对称自回归分布滞后模型的长期实证结果表明，公共债务增加会导致可再生能源消费下降。然而，长期分组非对称自回归分布滞后模型的结果显示，公共债务的正向冲击会降低可再生能源消费，而公共债务的负向冲击则会导致可再生能源消费增加。完全修正最小二乘法模型的经济层面实证结果表明，公共债务增加在九个经济体中导致可再生能源消费增加，在六个经济体中导致可再生能源消费下降。非对称完全修正最小二乘法的结果显示，公共债务的正向冲击在九个经济体中增加了可再生能源消费，在九个经济体中也降低了可再生能源消费。然而，公共债务的负向冲击在12个经济体中增加了可再生能源消费，在5个经济体中降低了可再生能源消费。此外，本研究为亚洲经济体的可再生能源提供了诸多政策启示。亚洲各国政府应将公共债务用于可再生能源资源的消费。
