Renewable Energy Consumption, Education and Economic Growth in Brazil, Russia, India, China, South Africa

Tsaurai, Kunofiwa; Ngcobo, Lindiwe

doi:10.32479/ijeep.8497

Cited by 32 publications

(30 citation statements)

References 28 publications

(40 reference statements)

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“…This supports that the level of development and investments matter to benefit from renewable energy consumption spillovers. Similar results have been found by Tsaurai and Ngcobo (2020) in BRICS countries and Shahbaz et al (2020) for Canada, France, India, Norway, Spain, Turkey, and the United Kingdom.…”

Section: Resultssupporting

confidence: 90%

“…The findings also support that education and governance quality has positive impacts on energy consumption in Sub‐Saharan Africa. In accordance with Shahbaz et al (2018) in the United States and Tsaurai and Ngcobo (2020) in BRICS countries, education plays an important role in the adoption of renewable energy. There is a growing need to develop sustainable energy systems with regard to the depletion of natural resources, especially in Africa, where the potential of solar, wind, hydro, and nuclear energy is huge.…”

Section: Resultssupporting

confidence: 74%

“…Using different tests (FMOLS, DOLS, FGLS, AMG), the results show the negative relationship of economic growth on renewable energy utilization (in Europe, America, and Asia) and on trade openness (in Asia). Similarly, Tsaurai and Ngcobo (2020), using BRICS countries data from 1995 to 2015 and FMOLS, POLS, and fixed effects methods, confirm that renewable energy consumption negatively affects economic growth, but education reduces the size of the negative effect. Kumar and Yadav (2019), investigating the finance‐growth nexus in BRICS countries using the system of generalized method of moments, find that all indicators of banking sector development (size of financial intermediation, ratio of loans to deposits, domestic credit to the private sector) and indicators of stock market development (value of stocks and the turnover) positively affect growth.…”

Section: Literature Reviewmentioning

confidence: 79%

“…This study integrates this particular aspect by specifying a SUR model. As per Arayssi and Fakih (2017), Tsaurai and Ngcobo (2020), and Le (2020), an augmented Cobb–Douglas production function is displayed:

Y = {AK}^{α_{1}} L^{α_{2}} {REC}^{α_{3}} e^{α_{4}}

where Y is gross domestic product, A denotes the technological factor, K represents capital stock, L stands for labour, REC indicates renewable energy consumption, and e is for error term. Assuming that the technological factor is endogenously determined by the level of financial development and international trade as shown in the literature review (Alkhateeb & Mahmood, 2019; Ghazouani et al, 2020; Le & Bao, 2020), the following equation is given:

A = φ F^{ρ_{1}} {TO}^{ρ_{2}}

…”

Section: Methodsmentioning

confidence: 99%

“…Other studies using different indicators and methods find a positive impact (Bao & Xu, 2019; Mele, 2019; Nathaniel et al, 2020) of renewable or non‐renewable energy consumption on economic growth. In contrast, Abbasi et al (2020) and Tsaurai and Ngcobo (2020) establish a negative impact while Alkhateeb and Mahmood (2019), Can and Korkmaz (2019), Fernandes and Reddy (2020), and Ghazouani et al (2020) find a neutral impact. Finally, recent work on investment flows and financial development reveal a positive impact on economic growth (Arayssi & Fakih, 2017; Kumar & Yadav, 2019; Shahbaz et al, 2018).…”

Section: Introductionmentioning

confidence: 97%

See 4 more Smart Citations

Nexus between economic growth, financial development, and energy consumption in Sub‐Saharan African countries: A dynamic approach

Tinta

Ouedraogo

Thiombiano

2021

Natural Resources Forum

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This study investigates the nexus between economic growth, financial development, and renewable energy consumption in Sub‐Saharan African countries. Using a dynamic approach and seemingly unrelated regressions (SUR) from 48 countries over the period 2000–2019, the findings show that financial development, government expenditures, capital, international trade, education, and the quality of governance have positive impacts on economic growth while inflation has a negative effect. In the long run, energy consumption and foreign direct investments increase economic growth only in high income and upper middle‐income countries (HI‐UMIC). In contrast, in lower middle‐income countries (LMIC) and low income countries (LIC), the cost of transforming renewable energies is a burden for growth. This reverse effect on growth in LMIC and LIC is amplified by natural resource dependence and foreign direct investments (FDI) volatility. Furthermore, renewable energy consumption is driven by financial development, growth, urbanization, foreign direct investment, education, and the quality of governance via scale effect. From the results, new insights for policymakers such as fiscal policies, trade‐led growth policies, and monetary policies, are provided to support the renewable energy sector, enhance financial development and economic growth.

show abstract

Section: Resultssupporting

confidence: 90%

Section: Resultssupporting

confidence: 74%

Section: Literature Reviewmentioning

confidence: 79%

Y = {AK}^{α_{1}} L^{α_{2}} {REC}^{α_{3}} e^{α_{4}}

A = φ F^{ρ_{1}} {TO}^{ρ_{2}}

…”

Section: Methodsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 97%

See 3 more Smart Citations

Nexus between economic growth, financial development, and energy consumption in Sub‐Saharan African countries: A dynamic approach

Tinta

Ouedraogo

Thiombiano

2021

Natural Resources Forum

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Comparing green productivity under convex and nonconvex technologies: Which is a robust approach consistent with energy structure?

et al. 2023

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Total factor productivity is used to explore the input–output efficiency of the economy and the driving factors behind economic growth. Although scholars have researched the total factor productivity approach, comparisons among different models in empirical research are rare and few scholars have focused on worldwide total factor productivity gains. Using convex and nonconvex technologies, this contribution investigates green productivity gains of 129 worldwide countries during 2000–2019 based on three popular productivity measures, namely, Luenberger–Hicks–Moorsteen indicator, Luenberger productivity indicator, and Malmquist–Luenberger index, respectively. Inspired by a metafrontier approach, we compare their productivity evolutions with the energy structure among 121 economies. A negative relationship is expected between the change in the proportion of fossil fuel energy consumption and green productivity. Our results show that the Luenberger–Hicks–Moorsteen productivity indicator under nonconvex technologies is a more convincing productivity measure when considering undesirable outputs in production technology.

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Examining the water–energy–food (WEF) nexus through an SDG lens for the big 5 African countries

Molefe

Inglesi‐Lotz

2022

Environ Dev Sustain

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The misallocation and scarcity of food, energy and water resources have been a challenge for African countries, mainly as they try to achieve long-term future sustainable development. This study explores the dynamic relationship between food, energy, water, and economic conditions in Angola, Ethiopia, Kenya, Nigeria, and South Africa. Since the food -energy -water nexus underpin the Sustainable Development Goals (SDG 2, 6, and 7), the study uses SDG indicators to proxy food, energy, and water.To do so, the study employs a Generalised Methods of Moments (GMM) panel data technique for the period from 2000 to 2015. For the whole group of countries, a sub-nexus was concluded from Food to Water, Water to Food and Water to Energy for Ethiopia was confirmed, Energy to Water for Kenya, and Water to Food for Angola. This study explains these important interlinkages appreciating the growing demand for the three resources as population in the continent keeps growing. The findings indicate synergies between the three sustainability demonstrations for the five countries that have important policy implications for the continent's current and future developmental conditions.

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Renewable Energy Consumption, Education and Economic Growth in Brazil, Russia, India, China, South Africa

Cited by 32 publications

References 28 publications

Nexus between economic growth, financial development, and energy consumption in Sub‐Saharan African countries: A dynamic approach

Nexus between economic growth, financial development, and energy consumption in Sub‐Saharan African countries: A dynamic approach

Comparing green productivity under convex and nonconvex technologies: Which is a robust approach consistent with energy structure?

Examining the water–energy–food (WEF) nexus through an SDG lens for the big 5 African countries

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