The asymmetric nexus of renewable energy consumption and economic growth: New evidence from Rwanda

Namahoro, Jean Pierre; Wu, Qunli; Xiao, Huiling; Zhou, Na

doi:10.1016/j.renene.2021.04.017

Cited by 44 publications

(19 citation statements)

References 47 publications

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“…Simultaneously, Qi and Li [33] and Venkatraja [34] obtained the conclusion that the economic effect of renewable energy consumption was negative. Of course, some other scholars [35][36][37] also supported these findings.…”

Section: Analysis Of Economic Effects Of Renewable Energy Consumption...mentioning

confidence: 67%

Exploring the Forms of the Economic Effects of Renewable Energy Consumption: Evidence from China

Huang

2022

Sustainability

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Renewable energy’s economic effects have been hotly debated, as it is a promising energy source. However, scholars have not achieved an agreement on this hot topic. Therefore, this article re-examines the direct and indirect economic effects of renewable energy consumption in China from 1990 to 2020. Using the Granger causality test to conduct empirical analysis, the result suggests there is a bidirectional causality between renewable energy consumption and economic growth. Then, the mediation model is used for further analysis. The results suggest that economic growth is positively affected by renewable energy consumption. Meanwhile, renewable energy consumption can also indirectly affect economic growth through gross capital formation, the labor force, trade openness, research and development expenditure, and foreign direct investment. Based on the evidence this article provides, policymakers can issue corresponding policies to maintain sustainable economic growth while minimizing environmental pollution.

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Section: Analysis Of Economic Effects Of Renewable Energy Consumption...mentioning

confidence: 67%

Exploring the Forms of the Economic Effects of Renewable Energy Consumption: Evidence from China

Huang

2022

Sustainability

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show abstract

“…The new study by Li and Leung (2021) shows that even in countries like the G7 whose economies are wellestablished, increasing renewable energy requires economic growth. In another study, the use of renewable energy has been shown to have a positive impact on economic growth (Namahoro et al, 2021b). Renewable energy use in the G7 countries has a beneficial impact on economic growth.…”

Section: Renewable Energy and Economic Growth In Developed Countriesmentioning

confidence: 94%

Toward Understanding Renewable Energy and Sustainable Development in Developing and Emerging Economies: A Review

Said¹,

Bhatti²,

Hunjra³

2022

Preprint

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The last few years have witnessed an explosion of research on Sustainable development. Most of this research is concentrated on the developed countries related to the issues not compatible with developing countries. This paper fills the gap and reviews the literature related to developing and emerging economies and their environmental and social constraints under Renewable energy and sustainable development (RESD). It also investigates how RESD can be implemented in the presence of serious issues pertaining to population increase, shortage of energy supply, lack of transportation, shortage of clean water, less food production and bad environmental systems and these are coupled with war, and hunger and political instability. The main contribution of this paper is to present extensive discussion in the context of hypotheses of economic growth and its association with energy consumption, and renewable energy options for sustainable development.

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“…Using DCCEMG and data from 1998 to 2018, Musah et al (2020) demonstrated that renewable energy does not influence gross domestic product in West Africa and encouraged green technology, energy innovation, wind and solar energy, and reduction of fossil energy. Nevertheless, with the NARDL approach and data covering 1990-2015, Namahoro et al (2021) reported positive and negative impacts of renewable energy on the gross domestic product in Rwanda. Investments in renewable energy consumption and agriculture as prior sectors of development were recommended.…”

Section: Literature Reviewmentioning

confidence: 99%

Analysis of the impact of renewable energy use on GDP and employment in Angola: An error correction model approach

Telly¹,

Liu²

2023

J. Econ. Int. Finance

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This paper explores the impact of renewable energy on Angola's GDP and employment. The study used the Autoregressive Distributed Lag (ARDL) and error correction models with data on renewable energy use, gross domestic product, unemployment rate, industry employment, vulnerable employment, labor force participation rate and gross fixed capital formation. This note contributes to the existing literature by investigating the effects of renewable energy use on vulnerable employment in a single developing country like Angola. All the data gained stationarity at first differentiation. Our analysis revealed that renewable energy use shares a causal long-run relationship with the gross domestic product, unemployment rate, vulnerable employment, and labor force participation rate. The short-term analysis exhibits a causal one-way relationship ranging from renewable energy use to vulnerable employment, labor force participation rate, and gross fixed capital formation. Our findings suggest that renewable energy use will harm vulnerable employment and labor force participation rate but improve gross fixed capital formation in the short run. However, there is no significant relationship ranging from renewable energy use to industries' employment, GDP, and unemployment in the short term. Overcoming the mixed effects of using renewable energy on employment recommends investing in research and development of the renewable energy sector, which could add to the drop in unemployment and the quality of jobs. The country's leaders could draw inspiration from countries like the People's Republic of China, Brazil, and India. Infrastructure development, skills training, and technical support should be the primary emphasis of policy initiatives. In its sustainable development policy, the government must consider that investing in the agriculture sector might add to the country, whether for renewable energy production, agricultural productivity, or jobs creation. The country would benefit from accelerating industrialization while promoting renewable energy use and on-site processing of raw materials.

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The asymmetric nexus of renewable energy consumption and economic growth: New evidence from Rwanda

Cited by 44 publications

References 47 publications

Exploring the Forms of the Economic Effects of Renewable Energy Consumption: Evidence from China

Exploring the Forms of the Economic Effects of Renewable Energy Consumption: Evidence from China

Toward Understanding Renewable Energy and Sustainable Development in Developing and Emerging Economies: A Review

Analysis of the impact of renewable energy use on GDP and employment in Angola: An error correction model approach

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