Examining the Relationship among Economic Growth, Renewable Energy Consumption and Life Expectancy in Iceland

Abstract

The aim of this study is to examine the renewable energy policies of Iceland and contribute to the existing literature by empirically analyze the relationship among economic growth, renewable energy consumption and life expectancy in the context of time series, using annual data for the years 1990-2021. For this purpose, firstly, ADF and PP unit root tests were performed for stationarity test. After confirming that all variables were stationary at their first differences, Granger causality analysis was applied. The results from this analysis indicate a unidirectional Granger causality relationship from economic growth to renewable energy consumption.