Does higher income lead to more renewable energy consumption? Evidence from emerging-Asian countries.

While some previous studies find a positive relationship between income or economic output and the share of renewables in energy consumption, others find a negative relationship. To bridge these seemingly contradictory findings, we test a non-linear relationship between income and the share of renewable energy sources in total energy consumption (REC%) in eight emerging-Asian countries. Using the feasible generalized least squares method and controlling for financial development and capital formation (two variables found in the literature to affect the use of renewable energy), we find a U-shaped relationship between income and the share of renewables in total energy consumption. In other words, at lower income levels, as income (Gross Domestic Product per capita) increases, REC% decreases. Once the income reaches a certain level, the relationship becomes positive. Financial development positively affects REC%. The implications and policy recommendations are presented in light of these findings.

Induced Negative Mood Increases Dictator Game Giving.

The study examines the influence of induced negative mood on dictator game giving (DGG) with two recipients. Participants (N = 63) played the role of a dictator in a three-player dictator game. They could choose among two options: an altruistic option, where two receivers receive 10 Euros and the dictator himself receives nothing, or a selfish option, where the dictator himself receives 5 Euros and both receivers receive nothing. For half of the participants, the second option entailed that only one receiver receives nothing and the other receives 10 Euros. After four rounds, participants were randomly assigned to look at 10 pictures with either positive or negative emotional content with the purpose of inducing positive or negative mood. The results show that looking at pictures with negative emotional content increases anxiety and skin conductance and increases DGG in the remaining four rounds of the game. On the other hand, whether the selfish option would imply that one or both recipients receive nothing does not seem to have a strong influence on DGG. PsycINFO Classification code: 2340; 2360.