Renewable Energy and Economic Growth Nexus: A Case of United Arab Emirates

Kayani, Farrukh Nawaz

doi:10.32479/ijeep.11559

Cited by 11 publications

(14 citation statements)

References 18 publications

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“…This study is based on previous research that utilized FDI, GDP, and CO 2 as the main variable of the study. These variables are in line with previous studies (Can and Korkmaz, 2019;Dogan et al, 2020;Kayani, 2021). The study time is 1990-2019.…”

Section: Methodssupporting

confidence: 88%

Analyzing the Impact of Inward FDI and Economic Growth on CO2 Emissions of Ukraine

Kayani

Sadiq²

2022

IJEEP

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The study investigated the impact of foreign direct investment and economic growth, upon carbon emissions of Ukraine. The annual data for the study has been extracted from the World Bank Development Indicators for the period 1990 to 2019. The study variables are foreign direct investment, economic growth, and carbon emissions. We started our analysis based on the autoregressive distributed lag (ARDL) model as being use quite extensively in the existing literature. However, we faced the issue of multicollinearity, then we applied the Ordinary Least Square technique and system generalized method of moments as alternative estimation techniques. The main analysis is based on the Ordinary Least Square technique, whereas robustness has been carried out under the system’s generalized method of moments. Both estimation techniques confirmed the significant and positive relationship between our study’s variables. The results indicate that in Ukraine the inflows of foreign direct investment and economic growth have led to higher carbon emissions.

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Section: Methodssupporting

confidence: 88%

Analyzing the Impact of Inward FDI and Economic Growth on CO2 Emissions of Ukraine

Kayani

Sadiq²

2022

IJEEP

Self Cite

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“…The finding is obvious and can be attributed to energy being an important component in the growth process as established in both theoretical literature (D. I. Stern, 1997) and empirical studies (Azam et al, 2015;Kazar & Kazar, 2014).…”

Section: Econometric Resultsmentioning

confidence: 68%

Section: Theoretical and Empirical Literaturementioning

confidence: 99%

“…The finding supports the neutrality hypothesis. In their study of the correlation between the generation of electricity from renewable sources and the development level for 154 countries, Kazar and Kazar (2014) substitute the development level for the economic growth variable. The study's findings indicate that while in the long‐run economic growth outpaces the supply of renewable energy, there is a short‐term bidirectional relationship between the two.…”

Section: Theoretical and Empirical Literaturementioning

confidence: 99%

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Energy consumption‐economic growth nexus: How does sectorial differentials affects sustainable development?

Kulu,

Karakara,

Dasmani

et al. 2024

Natural Resources Forum

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Energy, being one of the significant drivers of growth, has gained much focus in the last four decades. A connection between energy and growth exists in the economy: on the one hand, energy is a vital factor of production while growth improves living standards, which increases energy consumption on the other hand. Previous studies on the energy‐growth nexus paid less attention to sectorial differentials in the consumption of energy and growth. Also, the literature could not relate that to sustainable development. Thus, this study explores the sectorial differentials in energy consumption and how they affect the energy‐growth nexus within the context of sustainable development. The research employed secondary data for 46 sub‐Saharan Africa (SSA) countries for the period 2007 to 2020. Using the General Methods of Moments estimation technique, we found that all the measures of energy consumption positively affect economic growth. Also, CO2 intensity is positively related to growth in the economy while CO2 emissions from solid fuels negatively affect economic growth. Again, Foreign Direct Investment (FDI) is positively impacting economic growth and Gross Domestic Product (SSA) per energy use. Policy implications are discussed in the paper.

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“…[39] examined the association between REC and GDP growth and discovered that energy" may enhance long-term GDP growth. [40] investigated the effects of REC and FEF on GDP growth. The study examined panel data for fteen European countries from 1990 to 2011.…”

Section: Review Of Literaturementioning

confidence: 99%

“Renewable Energy Consumption and Economic Growth: Evidence from a Panel of Top 20 Countries”

Nosheen

Iqbal

Ahmad

2023

Preprint

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Many nations have been working hard in recent years to adopt clean and non-conventional energy sources, unlike carbon-based power sources which have implications for economic development. To analyze the impact of renewable energy consumption on the sensitivity of economic growth amongst the top 20 renewable energy users, this study employs data from 20 countries. For the years 1990 to 2021, a sample of nations is chosen. Using Pesaran's universal diagnostic test, we address cross-sectional dependency in panels. The results show that traditional inputs of production, including renewable and renewable energy resources consumption, contribute favorably to economic growth in the studied nations over the long term. Long-term production elasticities regarding renewable energy are positive in many of the examined nations, according to results from single country time series. The study's findings show that renewable energy is a critical component of these countries' economic expansion and that these countries are on the track for long-term stable growth. The significant policy conclusion in this respect is that governments, international organizations, and energy planners should collaborate to adopt renewable arrangement policies across nations. Furthermore, policymakers in these nations need to adopt renewable energy legislation based on incentives to enhance resource efficiency.

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Renewable Energy and Economic Growth Nexus: A Case of United Arab Emirates

Cited by 11 publications

References 18 publications

Analyzing the Impact of Inward FDI and Economic Growth on CO2 Emissions of Ukraine

Analyzing the Impact of Inward FDI and Economic Growth on CO2 Emissions of Ukraine

Energy consumption‐economic growth nexus: How does sectorial differentials affects sustainable development?

“Renewable Energy Consumption and Economic Growth: Evidence from a Panel of Top 20 Countries”

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