Do institutional affiliation affect the renewable energy-growth nexus in the Sub-Saharan Africa: Evidence from a multi-quantitative approach

Appiah, Michael; Karim, Sitara; Naeem, Muhammad Abubakr

doi:10.1016/j.renene.2022.04.045

Cited by 36 publications

(9 citation statements)

References 60 publications

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“…At the same time, the latter is seen negatively due to the impact of foreign direct investment (Appiah et al, 2022a). Reports indicate a favorable effect of the renewable energy-growth nexus on institutional membership and a negative moderating effect on the general population (Appiah et al, 2022b). Salahuddin et al (2018) showed no statistical association between financial development and clean energy usage, as investments are not clean and technology is not applied in applications with advantages for cutting prices.…”

Section: Literature Reviewmentioning

confidence: 99%

Financial development and real exchange rate misalignments effects on environmental pollution

Lin

Ahmad

Waseem

et al. 2022

Front. Environ. Sci.

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The research examined the influence of the fundamental exchange rate misalignment and Least Developed Countries (LDCs) in Asia and Africa’s financial development on CO2 emissions in Asian countries using panel data from 1970 to 2021. The methodology consists of ARDL bound testing and PMG/ARDL estimators with dynamic OLS estimators. The results reveal that the long-run real exchange rates for least developed countries (LDCs) are expected to rise in CO2 emissions in Asian and African countries with improved trade and net foreign asset positions. The relative productivity and trade openness also increase the exchange rate, which also plays a vital role in the growth of CO2 emissions. Except for Egypt, all least developed countries (LDCs) currencies are overpriced throughout the research period at the same time; it would be harmed by increased openness, foreign direct investment inflows, and currency misalignment. Overvaluation harms Bahrain’s economic growth. In comparison, undervaluation helps Egypt that currency misalignment does not affect financial growth in any LDCs over the long run. In the short-run, more real investment, net foreign assets, and official assistance inflows would enhance financial growth in Qatar, Bahrain, Singapore, and South Korea. In contrast, trade openness would slow it down in Egypt and Kuwait. The study suggested that the poor economic performance is due to RER misalignment, which occurs when exchange rate policies are improper and causes a rise in CO2 emissions in many developing countries.

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Section: Literature Reviewmentioning

confidence: 99%

Financial development and real exchange rate misalignments effects on environmental pollution

Lin

Ahmad

Waseem

et al. 2022

Front. Environ. Sci.

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“…In recent years, numerous research on the interconnection among urbanization, energy usage, trade openness, and GDP growth shave been conducted (Appiah et al, 2022; Bulut et al, 2022; Cetin et al, 2018; Cetin & Seker, 2012; Kirikkaleli, Adedoyin & Bekun, 2021; Magazzino, 2016; Magazzino, 2017; Magazzino et al, 2020; Seker et al, 2015; Wang et al, 2022). However, in the empirical literature on energy economics, the discussion is still intense as to whether economic growth precedes energy consumption or vice versa.…”

Section: Literature Reviewmentioning

confidence: 99%

Another outlook into energy‐growth nexus in Mexico for sustainable development: Accounting for the combined impact of urbanization and trade openness

Adebayo

Bekun

Öztürk

et al. 2023

Natural Resources Forum

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This study corroborates the importance of United Nations Sustainable Development Goal 7 (SDG‐7), intended to ensure access to affordable, reliable, sustainable energy for all, and SDG‐8, designed to promote decent work and sustainable economic growth. This article is motivated by the highlighted SDGs and empirically explores the long‐run and causality relationship between energy consumption, urbanization, trade openness, and economic growth for annual frequency data from 1965 to 2021 for the case of Mexico. To this end, we leverage the use of fully modified ordinary least squares, dynamic ordinary least squares, and canonical regression estimation methods, while for the direction of causality, the gradual shift and wavelet coherence methods are used. According to the Autoregressive distributed lag (ARDL), the bounds test traces a long‐run relationship between the outlined variables over the sampled period. Empirical evidence validates the energy‐induced growth hypothesis. This result resonates with the causality analysis, where energy consumption drives economic growth one way in Mexico. This suggests that Mexico cannot embark on energy‐conservative policies, as such actions will hurt economic progress. In addition, unidirectional causality is seen between urbanization, trade openness, and economic growth. These findings have far‐reaching implications for economic growth and macroeconomic indicators in Mexico. More insights are highlighted in the concluding section.

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“…Moreover, the Gulf countries have come upfront by boasting the Emirates with more than 60 solutions. The Sub-Saharan Africa (SSA) has showed an improved rate of 21% of the adult population with the mobile accounts in contrast to the MENA region that are still low in rate of mobile accounts and transactions (Appiah et al, 2022). The digital investments in North Africa have recorded with the lowest rate of 25% in the number of deals and the investment values by the individuals in the MENA region.…”

Section: Technology Adoption Modelsmentioning

confidence: 99%

Fintech Growth during COVID-19 in MENA Region: Current Challenges and Future prospects

Naz

Karim

Houcine

et al. 2022

Electron Commer Res

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In the wake of ongoing challenges faced by the disruption of COVID-19, the current study attempts to investigate fintech growth during COVID-19 in the Middle East and North African (MENA) region. The study applies descriptive analysis, content analysis, and keyword selection criteria to segregate current challenges and future prospects of fintech growth in the MENA region. Our study comprises 250 research articles, web reports, news articles, opinion papers, and commentaries. The study reported privacy issues, cybercrimes, financial disruption and instability, exploitation of social norms and values, rising inequalities, and non-compliance of regulatory authorities as major challenges posed by fintech startups in the MENA region. On the contrary, the future prospects of FinTech growth in the MENA region are employment opportunities, decentralization, cost-effectiveness, financial outreach, networking, and breaking traditional financial biases. The study recommended multiple implications for policymakers, regulation bodies, countries in the MENA region, and fintech developers.

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Do institutional affiliation affect the renewable energy-growth nexus in the Sub-Saharan Africa: Evidence from a multi-quantitative approach

Cited by 36 publications

References 60 publications

Financial development and real exchange rate misalignments effects on environmental pollution

Financial development and real exchange rate misalignments effects on environmental pollution

Another outlook into energy‐growth nexus in Mexico for sustainable development: Accounting for the combined impact of urbanization and trade openness

Fintech Growth during COVID-19 in MENA Region: Current Challenges and Future prospects

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