英文摘要
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This article uses the British Petroleum Energy database and the World Bank database to estimate the causal relationship between economic growth, capital, labor, and energy consumption, including non-renewable and renewable energy, from 1999 to 2019 by using Vector Autoregression Model. The results show that non-renewable energy consumption will drive the change of economic growth, but economic growth can't explain the change of non-renewable energy consumption. However, there is a two-way causal relationship between renewable energy consumption and economic growth. Thailand has several advantages in the development of renewable energy: (1) For environment, it is located in the tropical region with sufficient sunshine and has the development potential of solar energy; (2) For industrial structure, belonging to agricultural exporting countries and having sources for biomass energy; (3) For investment, Thailand ranked 21st in terms of Ease of Doing Business in 2020. In other words, Thailand is on track to achieve the Sustainable Development Goals of "affordable and clean energy" by 2030.
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