Young Scholar Workshop No.11

青年学者报告会第11期

Title/题目: 

The Renewable Energy Consumption and Economic Growth Nexus

可再生能源消费与经济增长的关联研究

Speaker/主讲人: 

Dr. Chaoyi Chen, MNB Institute

陈超逸博士 匈牙利中央银行

Host/主持人: 

Assoc. Prof. Haoqi Qian, Fudan IGPP

钱浩祺副教授 复旦全球公共政策研究院

Time/时间: 

12:00-13:10, Thursday, December 19th, 2024

2024年12月19日（星期四）12:00-13:10

Venue/地点: 

Room 805E, 8th Floor, West Sub-building of Guanghua Towers

光华楼西辅楼8楼805E会议室

https://www.wjx.cn/vm/Y0xstQJ.aspx#

主讲人介绍/ The Speaker：

Chaoyi Chen is a Senior Education and Research Expert at the Central Bank of Hungary (MNB) and an Assistant Professor at the MNB Institute, Budapest Metropolitan University. He earned his Ph.D. in Economics from the University of Guelph, Canada. His research focuses on econometrics, empirical macroeconomics, and empirical finance, and he has published in leading journals such as the Journal of Business & Economic Statistics, Econometrics Journal, Econometric Reviews, Environmental and Resource Economics, and Journal of Empirical Finance. Dr. Chen received Vice-Governor awards from MNB in 2022-2023, and the Distinguished Scholar Medal from the Gordon S. Lang School of Business and Economics in 2020. He also organizes the MNB Institute seminar series, co-organizes the MNB Institute – Fudan FISF Annual Workshop, serves as a guest editor for the Journal of Risk and Financial Management, and authors the Economania blog for the MNB Institute.

讲座内容/ Abstract:

The increased concerns over climate change, global warming, and energy security have led to increased use of renewable energy resources over the last years. Via using a threshold model with endogeneity, we uncover several important findings: (1)The impact of renewable energy consumption on economic growth is positive and significant only when developing or non-OECD countries exceed a specific threshold of renewable energy use. (2)Democratic institutions significantly influence renewable energy consumption, with higher economic growth leading to increased renewable energy usage in countries with stronger democratic rights. (3)Increased renewable energy consumption reduces CO2 emissions per capita only when countries exceed a certain threshold of renewable energy use. (4)Green innovation lowers energy intensity only when countries meet a specific threshold of institutional quality.