<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>Examining the relationship between sustainability and economic development was covered by research over the past decades. The initial goal of the present research is to evaluate the contribution of renewable energy sector value added to the national economic development in Denmark. The research tasks of this study include assessment of carbon dioxide allowances and environmental taxation as well as the effect of other factors in terms of their contribution to the economic growth. The application of the regression analysis in order to examine the relationship between renewable energy industry and national economic development in Denmark shows that the increasing of renewable energy value added leads to the sizeable expansion of the gross domestic product. From the environmental-economic standpoint this is presumably the first research to make unambiguous conclusion, that proves significance of renewable energy value added for economic development in Denmark. Likewise, the results of the present study prove that expanding usage of carbon dioxide (CO₂) allowances in Denmark leads to quite considerable increase of the gross domestic product. Besides that, this study provided evidence regarding positive and statistically significant impact of the other factors on the economic growth.</p>
</abstract>

Examining the relationship between sustainability and economic development was covered by research over the past decades. The initial goal of the present research is to evaluate the contribution of renewable energy sector value added to the national economic development in Denmark. The research tasks of this study include assessment of carbon dioxide allowances and environmental taxation as well as the effect of other factors in terms of their contribution to the economic growth. The application of the regression analysis in order to examine the relationship between renewable energy industry and national economic development in Denmark shows that the increasing of renewable energy value added leads to the sizeable expansion of the gross domestic product. From the environmental-economic standpoint this is presumably the first research to make unambiguous conclusion, that proves significance of renewable energy value added for economic development in Denmark. Likewise, the results of the present study prove that expanding usage of carbon dioxide (CO₂) allowances in Denmark leads to quite considerable increase of the gross domestic product. Besides that, this study provided evidence regarding positive and statistically significant impact of the other factors on the economic growth.

The contribution of renewable energy sector value added to the national economic development in Denmark: an empirical analysis

Review of Economic Perspectives

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Examining the relationship between sustainability and economic development was covered by research over the past decades. The initial goal of the present...

The contribution of renewable energy sector value added to the national economic development in Denmark: an empirical analysis

Published Online: Apr 25, 2024

Page range: 37 - 56

Received: Nov 18, 2022

Accepted: Apr 05, 2024

DOI: https://doi.org/10.2478/revecp-2024-0003

Keywords
Economic development, Environmental tax, Renewable energy, Sustainable development goals, Value added;

© 2024 Oleg Dubinskii, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

The contribution of renewable energy sector value added to the national economic development in Denmark: an empirical analysis

Published Online: Apr 25, 2024

Page range: 37 - 56

Received: Nov 18, 2022

Accepted: Apr 05, 2024

DOI: https://doi.org/10.2478/revecp-2024-0003

KeywordsEconomic development, Environmental tax, Renewable energy, Sustainable development goals, Value added;

© 2024 Oleg Dubinskii, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Keywords
Economic development, Environmental tax, Renewable energy, Sustainable development goals, Value added;