The Dynamics of R&D Expenditure, Renewable Electricity Production, and Economic Growth: A Comparative Analysis of Norway and Brazil
Journal Title: Journal of Sustainability for Energy - Year 2024, Vol 3, Issue 2
Abstract
In the quest to secure energy supply and mitigate dependence on imported fossil fuels, nations are diversifying into renewable energy sources (RES). This study investigates the impact of renewable electricity production on economic growth, alongside the interplay with research and development (R&D) expenditures, through a comparative lens focusing on Norway and Brazil—both pioneers in the renewable energy arena. Analysis incorporates per capita R&D expenditures to gauge the nexus between renewable energy initiatives and R&D investment, employing data spanning from 2003 to 2014. The investigation reveals a notable divergence between the two nations. In Norway, no significant link was identified between the volume of renewable energy produced and per capita R&D expenditures. Nonetheless, a causal connection between economic growth and R&D investment was observed, with a robust correlation suggesting a profound influence of economic expansion on R&D activities. Contrarily, Brazil's scenario delineates a unidirectional causal relationship where economic growth positively influences the renewable energy sector, with no discernible association between R&D expenditures per capita and economic growth. These findings underscore the variegated impacts of renewable energy policies and R&D investments on economic dynamics within the context of Norway and Brazil, highlighting the necessity for tailored approaches in leveraging renewable energy for sustainable development.
Authors and Affiliations
Bahman Huseynli, Nigar Huseynli
Keywords
Related Articles
- EP ID EP744300
- DOI https://doi.org/10.56578/jse030202
- Views 30
- Downloads 1
Advances in Laser-Clad, Particle-Reinforced Wear-Resistant Coatings: Enhancing Durability Through Material Innovation
The quest for superior wear-resistant coatings has led to significant advancements in laser cladding technology, yet the escalating requirements for durability under operational conditions challenge the efficacy of exist...
Enhancement of Pool Boiling Heat Transfer Through Micro-Finned Surfaces and Al2O3-Water Nanofluids: A Numerical Study
Among the various heat transfer mechanisms, boiling heat transfer is distinguished by its capacity to dissipate substantial heat via the latent heat of vaporization with minimal temperature differentials. This phenomeno...
Effect of Modern Technologies of Energy Conservation on Forming High–Rise Buildings
High-rise edifices are emblematic of contemporary construction, encapsulating advancements in environmental, formal, and structural design approaches. Such structures, often considered to consume substantial amounts of e...
Analyzing the Impact of Solar Irradiance on a 50W Monocrystalline Silicon Solar Panel's Performance
: Solar energy, a ubiquitous and environmentally friendly source, plays a pivotal role in mitigating carbon emissions and reducing air pollution. This study evaluates the performance of a 50-watt monocrystalline solar p...
The Dynamics of R&D Expenditure, Renewable Electricity Production, and Economic Growth: A Comparative Analysis of Norway and Brazil
In the quest to secure energy supply and mitigate dependence on imported fossil fuels, nations are diversifying into renewable energy sources (RES). This study investigates the impact of renewable electricity production...