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Economic Institutions, Political Institutions and Renewable Energy Production in Africa

Author

Listed:
  • Mac Junior Abeka
  • Emmanuel Kwakye Amoah
  • Michael Owusu Appiah
  • John Gartchie Gatsi
  • Nathaniel Kwapong Obuobi
  • Ebenezer Boateng

Abstract

This study investigates the role of economic and political institutions as drivers of renewable energy production in Africa. To achieve this, the study employs panel data of 41 African countries from 2000 to 2017. To deal with endogeneity challenges associated with panel data, we use the two-step Systems Generalized Method of Moments (SGMM). Generally, we find evidence that robust economic institutions are relevant to increasing the level of renewable energy production in Africa. Second, the disaggregated measures of economic institutions show that both size of government and Freedom to trade internationally have a positive effect on renewable energy production. On the contrary, an increase in legal system and property rights reduces the level of renewable energy production. Third, the study finds that political institutions moderate the relationship between economic institutions and renewable energy production. Therefore, toward the goal of promoting SDG 12, governments in Africa should actively strengthen economic institutions to enhance responsible production of energy. However, such efforts will be much more fruitful if the level of political institutions is also strengthened.

Suggested Citation

  • Mac Junior Abeka & Emmanuel Kwakye Amoah & Michael Owusu Appiah & John Gartchie Gatsi & Nathaniel Kwapong Obuobi & Ebenezer Boateng, 2022. "Economic Institutions, Political Institutions and Renewable Energy Production in Africa," Journal of African Business, Taylor & Francis Journals, vol. 23(4), pages 1049-1066, October.
    • Handle: RePEc:taf:wjabxx:v:23:y:2022:i:4:p:1049-1066
    DOI: 10.1080/15228916.2021.1984818
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    Citations

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    Cited by:

    1. Andile Dube & Sylvester Senyo Horvey, 2023. "Institutional quality and renewable energy capital flows in Africa," Future Business Journal, Springer, vol. 9(1), pages 1-16, December.
    2. Mihail Busu & Gabriel Staicu & Mihai Gheorghe & Enrico Prinz & Luis Miguel Fonseca, 2024. "Analysing the Effects of the Business Cycle on Renewable Energy Consumption and Sustainable Development: Evidence from EU Countries," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 26(Special 1), pages 1048-1048, November.
    3. Yunpeng Sun & Ruoya Jia & Asif Razzaq & Qun Bao, 2023. "RETRACTED ARTICLE: Drivers of China’s geographical renewable energy development: evidence from spatial association network structure approaches," Economic Change and Restructuring, Springer, vol. 56(6), pages 4115-4163, December.
    4. Omri, Anis & Ben Jabeur, Sami, 2024. "Climate policies and legislation for renewable energy transition: The roles of financial sector and political institutions," Technological Forecasting and Social Change, Elsevier, vol. 203(C).
    5. Ebenezer Boateng & Peterson Owusu Junior & John G. Gatsi & Adam M. Anokye & Mac Junior Abeka & Emmanuel Asafo‐Adjei, 2024. "Institutions and venture capital market development in sub‐Saharan Africa," Journal of International Development, John Wiley & Sons, Ltd., vol. 36(2), pages 1381-1406, March.

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