The impact of renewable energy consumption on inclusive growth: panel data analysis in 44 African countries
Author
Abstract
Suggested Citation
DOI: 10.1007/s10644-020-09270-z
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
- Shahbaz, Muhammad & Loganathan, Nanthakumar & Zeshan, Mohammad & Zaman, Khalid, 2015. "Does renewable energy consumption add in economic growth? An application of auto-regressive distributed lag model in Pakistan," Renewable and Sustainable Energy Reviews, Elsevier, vol. 44(C), pages 576-585.
- Vural, Gulfer, 2020. "Renewable and non-renewable energy-growth nexus: A panel data application for the selected Sub-Saharan African countries," Resources Policy, Elsevier, vol. 65(C).
- Sweerts, Bart & Longa, Francesco Dalla & van der Zwaan, Bob, 2019. "Financial de-risking to unlock Africa's renewable energy potential," Renewable and Sustainable Energy Reviews, Elsevier, vol. 102(C), pages 75-82.
- Charfeddine, Lanouar & Kahia, Montassar, 2019. "Impact of renewable energy consumption and financial development on CO2 emissions and economic growth in the MENA region: A panel vector autoregressive (PVAR) analysis," Renewable Energy, Elsevier, vol. 139(C), pages 198-213.
- David Roodman, 2009.
"A Note on the Theme of Too Many Instruments,"
Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 71(1), pages 135-158, February.
- David Roodman, 2007. "A Note on the Theme of Too Many Instruments," Working Papers 125, Center for Global Development.
- Stephen Bond & Anke Hoeffler, 2001. "GMM Estimation of Empirical Growth Models," Economics Series Working Papers 2001-W21, University of Oxford, Department of Economics.
- Loesse Esso, 2012. "Re-examining the saving-investment nexus: threshold cointegration and causality evidence from the ECOWAS," Economic Change and Restructuring, Springer, vol. 45(3), pages 193-220, August.
- Ahn, Seung C. & Schmidt, Peter, 1995. "Efficient estimation of models for dynamic panel data," Journal of Econometrics, Elsevier, vol. 68(1), pages 5-27, July.
- Stephen Bond, 2002. "Dynamic panel data models: a guide to microdata methods and practice," CeMMAP working papers CWP09/02, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
- Mutiu Abimbola Oyinlola & Abdulfatai Adedeji, 2019. "Human capital, financial sector development and inclusive growth in sub-Saharan Africa," Economic Change and Restructuring, Springer, vol. 52(1), pages 43-66, February.
- Ozturk, Ilhan, 2010. "A literature survey on energy-growth nexus," Energy Policy, Elsevier, vol. 38(1), pages 340-349, January.
- Mehrhoff, Jens, 2009. "A solution to the problem of too many instruments in dynamic panel data GMM," Discussion Paper Series 1: Economic Studies 2009,31, Deutsche Bundesbank.
- Nabamita Dutta & Deepraj Mukherjee, 2018. "Can financial development enhance transparency?," Economic Change and Restructuring, Springer, vol. 51(4), pages 279-302, November.
- Omri, Anis & Ben Mabrouk, Nejah & Sassi-Tmar, Amel, 2015.
"Modeling the causal linkages between nuclear energy, renewable energy and economic growth in developed and developing countries,"
Renewable and Sustainable Energy Reviews, Elsevier, vol. 42(C), pages 1012-1022.
- Anis Omri & Nejah ben mabrouk & Amel Sassi-Tmar, 2015. "Modeling the causal linkages between nuclear energy, renewable energy and economic growth in developed and developing countries," Working Papers 2015-623, Department of Research, Ipag Business School.
- Jushan Bai, 2009. "Panel Data Models With Interactive Fixed Effects," Econometrica, Econometric Society, vol. 77(4), pages 1229-1279, July.
- Rahman, Mohammad Mafizur & Velayutham, Eswaran, 2020. "Renewable and non-renewable energy consumption-economic growth nexus: New evidence from South Asia," Renewable Energy, Elsevier, vol. 147(P1), pages 399-408.
- Inglesi-Lotz, Roula, 2016. "The impact of renewable energy consumption to economic growth: A panel data application," Energy Economics, Elsevier, vol. 53(C), pages 58-63.
- Mehrhoff, Jens, 2009. "A solution to the problem of too many instruments in dynamic panel data GMM," IBES Diskussionsbeiträge 171, University of Duisburg-Essen, Institute of Business and Economic Studie (IBES).
- da Silva, Patrícia Pereira & Cerqueira, Pedro André & Ogbe, Wojolomi, 2018. "Determinants of renewable energy growth in Sub-Saharan Africa: Evidence from panel ARDL," Energy, Elsevier, vol. 156(C), pages 45-54.
- Stephen Bond & Anke Hoeffler & Jonathan Temple, 2001.
"GMM Estimation of Empirical Growth Models,"
Economics Papers
2001-W21, Economics Group, Nuffield College, University of Oxford.
- Bond, Stephen Roy & Hoeffler, Anke & Temple, Jonathan, 2001. "GMM Estimation of Empirical Growth Models," CEPR Discussion Papers 3048, C.E.P.R. Discussion Papers.
- Apergis, Nicholas & Payne, James E., 2010. "Renewable energy consumption and growth in Eurasia," Energy Economics, Elsevier, vol. 32(6), pages 1392-1397, November.
- Stephen R. Bond, 2002. "Dynamic panel data models: a guide to micro data methods and practice," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 1(2), pages 141-162, August.
- Apergis, Nicholas & Payne, James E., 2010. "Renewable energy consumption and economic growth: Evidence from a panel of OECD countries," Energy Policy, Elsevier, vol. 38(1), pages 656-660, January.
- Blundell, Richard & Bond, Stephen, 1998.
"Initial conditions and moment restrictions in dynamic panel data models,"
Journal of Econometrics, Elsevier, vol. 87(1), pages 115-143, August.
- R Blundell & Steven Bond, "undated". "Initial conditions and moment restrictions in dynamic panel data model," Economics Papers W14&104., Economics Group, Nuffield College, University of Oxford.
- Blundell, R. & Bond, S., 1995. "Initial Conditions and Moment Restrictions in Dynamic Panel Data Models," Economics Papers 104, Economics Group, Nuffield College, University of Oxford.
- Richard Blundell & Stephen Bond, 1995. "Initial conditions and moment restrictions in dynamic panel data models," IFS Working Papers W95/17, Institute for Fiscal Studies.
- Schwerhoff, Gregor & Sy, Mouhamadou, 2017. "Financing renewable energy in Africa – Key challenge of the sustainable development goals," Renewable and Sustainable Energy Reviews, Elsevier, vol. 75(C), pages 393-401.
- Ibrahim D. Raheem & Kazeem O. Isah & Abdulfatai A. Adedeji, 2018. "Inclusive growth, human capital development and natural resource rent in SSA," Economic Change and Restructuring, Springer, vol. 51(1), pages 29-48, February.
- Soumyananda Dinda, 2014.
"Inclusive growth through creation of human and social capital,"
International Journal of Social Economics, Emerald Group Publishing Limited, vol. 41(10), pages 878-895, October.
- Dinda, Soumyananda, 2011. "Inclusive Growth Through Creation of Human and Social Capital," MPRA Paper 63953, University Library of Munich, Germany, revised 30 Aug 2013.
- Aydin, Mucahit, 2019. "Renewable and non-renewable electricity consumption–economic growth nexus: Evidence from OECD countries," Renewable Energy, Elsevier, vol. 136(C), pages 599-606.
- Bhattacharya, Mita & Paramati, Sudharshan Reddy & Ozturk, Ilhan & Bhattacharya, Sankar, 2016. "The effect of renewable energy consumption on economic growth: Evidence from top 38 countries," Applied Energy, Elsevier, vol. 162(C), pages 733-741.
- Ozcan, Burcu & Ozturk, Ilhan, 2019. "Renewable energy consumption-economic growth nexus in emerging countries: A bootstrap panel causality test," Renewable and Sustainable Energy Reviews, Elsevier, vol. 104(C), pages 30-37.
- Kathleen Beegle & Luc Christiaensen, 2019. "Accelerating Poverty Reduction in Africa [Accélérer la réduction de la pauvreté en Afrique]," World Bank Publications - Books, The World Bank Group, number 32354.
- Kahia, Montassar & Aïssa, Mohamed Safouane Ben & Lanouar, Charfeddine, 2017. "Renewable and non-renewable energy use - economic growth nexus: The case of MENA Net Oil Importing Countries," Renewable and Sustainable Energy Reviews, Elsevier, vol. 71(C), pages 127-140.
- Manuel Arellano & Stephen Bond, 1991.
"Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(2), pages 277-297.
- Tom Doan, "undated". "RATS program to replicate Arellano-Bond 1991 dynamic panel," Statistical Software Components RTZ00169, Boston College Department of Economics.
- Hur, Seok-Kyun, 2014. "Government Spending and Inclusive Growth in Developing Asia," ADB Economics Working Paper Series 415, Asian Development Bank.
- Windmeijer, Frank, 2005. "A finite sample correction for the variance of linear efficient two-step GMM estimators," Journal of Econometrics, Elsevier, vol. 126(1), pages 25-51, May.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Sarsar, Lamiae & Echaoui, Abdellah, 2024. "Empirical analysis of the economic complexity boost on the impact of energy transition on economic growth: A panel data study of 124 countries," Energy, Elsevier, vol. 294(C).
- Li, Guangchen & Shen, Z.Y. & Song, Malin & Wei, Weixian, 2024. "Exploring the interconnectedness of China's new energy and stock markets: A study on volatility spillovers and dynamic correlations," International Review of Economics & Finance, Elsevier, vol. 89(PB), pages 471-484.
- Claudiu Cicea & Carmen Nadia Ciocoiu & Corina Marinescu, 2021. "Exploring the Research Regarding Energy–Economic Growth Relationship," Energies, MDPI, vol. 14(9), pages 1-23, May.
- Gerard Bikorimana & Charles Rutikanga & Didier Mwizerwa, 2020. "Linking energy consumption with economic growth: Rwanda as a case study," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 2020(2), pages 181-200.
- Jeremiah Msugh Tule & Peter Francis Offum & Ilham Haouas & Seyi Saint Akadiri & Olufunke Meadows, 2024. "Harmonizing renewable energy and economic growth in Sub-Saharan Africa: the transformative potential of ICT," International Economics and Economic Policy, Springer, vol. 21(3), pages 617-648, July.
- Taghizadeh-Hesary, Farhad & Rasoulinezhad, Ehsan & Shahbaz, Muhammad & Vinh Vo, Xuan, 2021. "How energy transition and power consumption are related in Asian economies with different income levels?," Energy, Elsevier, vol. 237(C).
- Tenaw, Dagmawe, 2022. "Do traditional energy dependence, income, and education matter in the dynamic linkage between clean energy transition and economic growth in sub-Saharan Africa?," Renewable Energy, Elsevier, vol. 193(C), pages 204-213.
- Hassan Qudrat-Ullah & Chinedu Miracle Nevo, 2022. "Analysis of the Dynamic Relationships among Renewable Energy Consumption, Economic Growth, Financial Development, and Carbon Dioxide Emission in Five Sub-Saharan African Countries," Energies, MDPI, vol. 15(16), pages 1-19, August.
- Jamie Cross & Tom Neumark, 2021. "Solar Power and its Discontents: Critiquing Off‐grid Infrastructures of Inclusion in East Africa," Development and Change, International Institute of Social Studies, vol. 52(4), pages 902-926, July.
- Zahid Hussain & Bihizi Marcel & Abdul Majeed & Raymondo Sandra Marcelline Tsimisaraka, 2024. "Effects of transport–carbon intensity, transportation, and economic complexity on environmental and health expenditures," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(7), pages 16523-16553, July.
- Chen, Shiu-Sheng & Lin, Tzu-Yu, 2024. "Monetary policy and renewable energy production," Energy Economics, Elsevier, vol. 132(C).
- Desire SEKANABO & Elias Nyandwi & Hakizimana Khan Jean de Dieu & Valerie M. Thomas, 2022. "The Relationship between GDP and Biomass Energy Per Capita in Sub-Saharan Africa," International Journal of Energy Economics and Policy, Econjournals, vol. 12(4), pages 528-541, July.
- Linyi Tang & Bo Zhang, 2024. "RETRACTED ARTICLE: Linking prosperity and sustainability: the economic impact of energy transition and financial stability," Economic Change and Restructuring, Springer, vol. 57(3), pages 1-21, June.
- Rajendran, Rajitha & Krishnaswamy, Jayaraman & Subramaniam, Nava, 2023. "Dynamics of macro-economic factors for energy transition and its reviews - A conceptual framework for G7 countries," Renewable and Sustainable Energy Reviews, Elsevier, vol. 187(C).
- Jimoh Sina Ogede & Adedamola Akeem Siyanbola & Soliu Bidemi Adegboyega & Olayinka Esther Atoyebi, 2023. "On the asymmetric effects of economic policy uncertainty on renewable energy consumption: insights from sub-Saharan African countries," SN Business & Economics, Springer, vol. 3(10), pages 1-19, October.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Ofori, Isaac K. & Gbolonyo, Emmanuel Y. & Toyo Dossou, Marcel A. & Nkrumah, Richard K. & Nkansah, Emmanuel, 2023. "Towards inclusive growth in Africa: Remittances, and financial development interactive effects and thresholds," Journal of Multinational Financial Management, Elsevier, vol. 68(C).
- Chang, Chiu-Lan & Fang, Ming, 2022. "Renewable energy-led growth hypothesis: New insights from BRICS and N-11 economies," Renewable Energy, Elsevier, vol. 188(C), pages 788-800.
- Markus Eberhardt & Francis Teal, 2008.
"Modeling Technology and Technological Change in Manufacturing: How do Countries Differ?,"
CSAE Working Paper Series
2008-12, Centre for the Study of African Economies, University of Oxford.
- Francis Teal & Markus Eberhardt, 2010. "Productivity Analysis in Global Manufacturing Production," Economics Series Working Papers 515, University of Oxford, Department of Economics.
- Markus Eberhardt & Francis Teal, 2010. "Productivity Analysis in Global Manufacturing Production," DEGIT Conference Papers c015_019, DEGIT, Dynamics, Economic Growth, and International Trade.
- Eberhardt, Markus & Teal, Francis, 2008. "Modeling technology and technological change in manufacturing: how do countries differ?," MPRA Paper 10690, University Library of Munich, Germany.
- Markus Eberhardt & Francis Teal, 2011.
"Econometrics For Grumblers: A New Look At The Literature On Cross‐Country Growth Empirics,"
Journal of Economic Surveys, Wiley Blackwell, vol. 25(1), pages 109-155, February.
- Markus Eberhardt & Francis Teal, 2009. "Econometrics for Grumblers: A New Look at the Literature on Cross-Country Growth Empirics," CSAE Working Paper Series 2009-07, Centre for the Study of African Economies, University of Oxford.
- Eberhardt, Markus & Teal, Francis, 2009. "Econometrics for Grumblers: A New Look at the Literature on Cross-Country Growth Empirics," MPRA Paper 15813, University Library of Munich, Germany.
- Wesley Burnett, J. & Madariaga, Jessica, 2017. "The convergence of U.S. state-level energy intensity," Energy Economics, Elsevier, vol. 62(C), pages 357-370.
- Ofori, Isaac K. & Gbolonyo, Emmanuel Y. & Ojong, Nathanael, 2022. "Foreign Direct Investment and Inclusive Green Growth in Africa: Energy Efficiency Contingencies and Thresholds," MPRA Paper 115379, University Library of Munich, Germany, revised 09 Nov 2022.
- Borsato, Andrea & Lorentz, André, 2023.
"The Kaldor–Verdoorn law at the age of robots and AI,"
Research Policy, Elsevier, vol. 52(10).
- Andrea Borsato & Andre Lorentz, 2022. "The Kaldor-Verdoorn Law’s at the Age of Robots and AI," Working Papers of BETA 2022-25, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
- Andrea Borsato & Andre Lorentz, 2023. "The Kaldor-Verdoorn Law at the Age of Robots and AI," Working Papers of BETA 2023-12, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
- Andrea Borsato & André Lorentz, 2023. "The Kaldor–Verdoorn law at the age of robots and AI," Post-Print hal-04401797, HAL.
- Ofori, Isaac K. & Gbolonyo, Emmanuel Y. & Ojong, Nathanael, 2023. "Foreign direct investment and inclusive green growth in Africa: Energy efficiency contingencies and thresholds," Energy Economics, Elsevier, vol. 117(C).
- Yongfu Huang, 2011.
"Private investment and financial development in a globalized world,"
Empirical Economics, Springer, vol. 41(1), pages 43-56, August.
- Yongfu Huang, 2006. "Private investment and financial development in a globalized world," Bristol Economics Discussion Papers 06/589, School of Economics, University of Bristol, UK.
- Nguyen Thi Tuong Anh & Hung Quang Doan & Tuan Anh Bui & Nam Hoang Vu & Duong Thuy Thanh Le, 2022. "A Revisit of Motives for Chinese Outward Foreign Direct Investment: The Role of the Institution in Host Countries," SAGE Open, , vol. 12(4), pages 21582440221, December.
- Xuepeng Liu, 2016. "Trade Agreements and Economic Growth," Southern Economic Journal, John Wiley & Sons, vol. 82(4), pages 1374-1401, April.
- Díaz, Antonia & Marrero, Gustavo A. & Puch, Luis A. & Rodríguez, Jesús, 2019.
"Economic growth, energy intensity and the energy mix,"
Energy Economics, Elsevier, vol. 81(C), pages 1056-1077.
- Marrero, Gustavo & Rodríguez, Jesús & Puch, Luis A., 2019. "Economic Growth, Energy Intensity and the Energy Mix," UC3M Working papers. Economics 28461, Universidad Carlos III de Madrid. Departamento de EconomÃa.
- Cresti, Lorenzo & Dosi, Giovanni & Fagiolo, Giorgio, 2023.
"Technological interdependencies and employment changes in European industries,"
Structural Change and Economic Dynamics, Elsevier, vol. 64(C), pages 41-57.
- Lorenzo Cresti & Giovanni Dosi & Giorgio Fagiolo, 2022. "Technological interdependencies and employment changes in European industries," LEM Papers Series 2022/05, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
- Jeffrey Kouton & Rafiou R. Bétila & Moïse Lawin, 2021. "The Impact of ICT Development on Health Outcomes in Africa: Does Economic Freedom Matter?," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 12(4), pages 1830-1869, December.
- Shahbaz, Muhammad & Raghutla, Chandrashekar & Chittedi, Krishna Reddy & Jiao, Zhilun & Vo, Xuan Vinh, 2020.
"The effect of renewable energy consumption on economic growth: Evidence from the renewable energy country attractive index,"
Energy, Elsevier, vol. 207(C).
- Shahbaz, Muhammad & Raghutla, Chandrashekar & Chittedi, Krishna Reddy & Jiao, Zhilun & Vo, Xuan Vinh, 2020. "The Effect of Renewable Energy Consumption on Economic Growth: Evidence from the Renewable Energy Country Attractive Index," MPRA Paper 101168, University Library of Munich, Germany, revised 15 Jun 2020.
- Antonia Díaz & Gustavo A. Marrero & Luis Puch & Jesús Rodríguez-López, 2018. "A Note on Growth, Energy Intensity and the Energy Mix: A Dynamic Panel Data Analysis," Working Papers 18.08, Universidad Pablo de Olavide, Department of Economics.
- Fagiolo, Giorgio & Santoni, Gianluca, 2015.
"Human-mobility networks, country income, and labor productivity,"
Network Science, Cambridge University Press, vol. 3(3), pages 377-407, September.
- Giorgio Fagiolo & Gianluca Santoni, 2014. "Human-Mobility Networks, Country Income, and Labor Productivity," LEM Papers Series 2014/08, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
- Ünal Töngür & Adem Yavuz Elveren, 2017.
"The nexus of economic growth, military expenditures, and income inequality,"
Quality & Quantity: International Journal of Methodology, Springer, vol. 51(4), pages 1821-1842, July.
- Ünal Töngür & Adem Yavuz Elveren, 2015. "The Nexus of Economic Growth, Military Expenditures and Income Inequality," EY International Congress on Economics II (EYC2015), November 5-6, 2015, Ankara, Turkey 208, Ekonomik Yaklasim Association.
- Unal Tongur & Adem Yavuz Elveren, 2016. "The Nexus of Economic Growth, Military Expenditures, and Income Inequality," EconWorld Working Papers 16003, WERI-World Economic Research Institute, revised Apr 2016.
- Vogel, Johanna, 2013. "Regional Convergence in Europe: A Dynamic Heterogeneous Panel Approach," MPRA Paper 51794, University Library of Munich, Germany.
- James Alm & Asmaa El-Ganainy, 2013.
"Value-added taxation and consumption,"
International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 20(1), pages 105-128, February.
- James Alm & Asmaa El-Ganainy, 2012. "Value-added Taxation and Consumption," Working Papers 1203, Tulane University, Department of Economics.
More about this item
Keywords
Africa; Inclusive growth; Renewable energy consumption;All these keywords.
JEL classification:
- J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
- O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
- Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
- C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:ecopln:v:54:y:2021:i:1:d:10.1007_s10644-020-09270-z. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.