This paper reviews the relationship between economic performance and clean energy using country level data. A combined instrumental variable and fixed-effect regression model is adopted to determine the relationship. By examining data in the past 50 years, we conclude that developing alternative energy will harm GDP growth, but to a relatively small degree. Thus, policymakers can take advantage of alternative energy research and development as a long-term investment that will reduce reliance on traditional energy sources.
"The Impact of Clean Energy on Economic Growth: An Econometrics Approach,"
Pepperdine Policy Review: Vol. 7
, Article 7.
Available at: http://digitalcommons.pepperdine.edu/ppr/vol7/iss1/7