The link between carbon emissions, renewable energy consumption, and economic growth: a heterogeneous panel evidence from West Africa

Musah, Mohammed; Kong, Yusheng; Mensah, Isaac Adjei; Antwi, Stephen Kwadwo; Donkor, Mary

doi:10.1007/s11356-020-08488-8

Cited by 74 publications

(48 citation statements)

References 86 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…They found renewable and non-renewable energy consumption has a significantly positive effect on economic growth. Rahman and Velayutham, 44 found that renewable and non-renewable energy consumption has significantly positive effect on growth rate in five South Asian countries Musah et al 45 examined the link between carbon emissions, renewable energy consumption, and economic growth for West Africa countries. They concluded that renewable energy consumption has no effect on the growth rate.…”

Section: Literature Reviewmentioning

confidence: 99%

Renewable and non-renewable energy consumption and economic growth in the US: A Markov-Switching VAR analysis

Çevik

Yıldırım

Dibooğlu

2020

Energy & Environment

View full text Add to dashboard Cite

We examine the relationship between renewable and non-renewable energy consumption and economic growth in the United States. While the regime-dependent Granger causality test results for the non-renewable energy consumption and economic growth suggest bi-directional causality in both regimes, we cannot validate any causality between renewable energy consumption and economic growth. The US meets its energy demand from non-renewable sources; as such, renewable energy consumption does not seem to affect economic growth. Given the efficiency and productivity of renewable energy investments, we conclude that it is worthwhile to consider renewable energy inputs to replace fossil fuels given potential benefits in terms of global warming and climate change concerns. In this regard, increasing the R&D investments in the renewable energy sectors, increases in productivity and profitability of renewable energy investments are likely to accrue benefits in the long run.

show abstract

Section: Literature Reviewmentioning

confidence: 99%

Renewable and non-renewable energy consumption and economic growth in the US: A Markov-Switching VAR analysis

Çevik

Yıldırım

Dibooğlu

2020

Energy & Environment

View full text Add to dashboard Cite

show abstract

“…To advance numerical accuracy, model improbability, and decrease endogeneity glitches, we adjusted for economic growth (based on preliminary investigative assessments) from a list of prospective rheostat indicators found in the literature. This is in line with contemporary techniques on the crucial position these variables play in the growth and milieu literature by Bekhet et al (2017), Hanif (2018), Destek andSinha (2020), andMusah et al (2020). To reduce heteroscedasticity in the data, we converted the indicators into their natural logs, as is common in econometrics (Charfeddine and Khediri 2019).…”

Section: Description Of Variablesmentioning

confidence: 81%

“…This is because clean technology adoption is largely driven by research and development (R&D) activities, which are underfunded in developing countries. Despite a series of changes aimed at improving it, SSA's financial growth remains low in comparison to other geographical areas (Mlachila et al 2016;Aluko and Ajayi 2018). Scholars have been especially interested in the determinants of environmental quality in Sub-Saharan Africa in recent years.…”

Section: Introductionmentioning

confidence: 99%

Financial development and environmental quality: the role of economic growth among the regional economies of Sub-Saharan Africa

Wen

Manu

Akowuah

2021

Environ Sci Pollut Res

View full text Add to dashboard Cite

The Sub-Saharan African region is considered to be the most susceptible to the effects of climate change. The region's climate is influenced by several factors, the most notable of which is increased variation in development. The conglomerate between the financial sector and environmental quality (EQ) has been a priority for policymakers and analysts. This study looked at the complex relationships between financial development (FD) and environmental quality, as well as the position of economic growth (EG), from the perceptions of the five sub-national economies, from 1980 to 2017. The study tested the EKC hypothesis across the sub-regions. We employed the panel vector autoregressive (PVAR) model in a generalized method of moment framework to investigate the topic. The PVAR result showed that (i) financial development had a negative impact on CO 2 in four geographical regions (Western, Southern, Northern, and Central). As a result, FD in these countries minimizes carbon emissions and enhances the atmosphere. (ii) Also, FD had a positive impact on carbon emissions in Western Africa. As a result, FD in these countries increases CO 2 rather than improving environmental quality. The EKC hypothesis was validated in the Western African sub-region but was rejected in Central and Eastern (u-shape relationship) African subregional economies indicating variations in growth and environmental outcomes among the sub-regional economies. The Granger causality results in the West and Central African republics was a two-way causal connection between EG and CO 2 . The results demonstrate how "EG and CO 2 " and "CO 2 and EG" are intertwined in Western and Central, while most of the relationships were unidirectional. Detailed sub-regional policy recommendations are deliberated.

show abstract

“…The macroeconomic aggregates of the countries under investigation, i.e., employment rate, foreign direct investment, domestic credit, res contribution into the energy mix, and the CO 2 abatement, are of great importance. Furthermore, many researchers seeking to deal with the issues of heterogeneity across different countries examine/set sub-groups concerning income, regional, and/or demographic characteristics for instance low/high income or oil importing/oil-exporting economies (Musah et al 2020;Aimer 2020).…”

Section: Literature Reviewmentioning

confidence: 99%

International Environmental Agreements and CO2 Emissions: Fresh Evidence from 11 Polluting Countries

Oikonomou

Polemis

2021

JRFM

View full text Add to dashboard Cite

This study attempts to evaluate the energy and carbon footprint within the framework of international environmental treaties and the efforts made by 11 large polluting countries to mitigate climate change. The econometric methodology accounts for the presence of cross-sectional dependence while it employs second-generation panel unit root tests and cointegrated relationships. To secure the robustness of our findings, we conduct an ARDL approach employing dynamic panel data techniques. Dynamic OLS is also applied to verify the validity of the empirical results. The empirical analysis supports that the reduction in CO2 emissions can be achieved without a slowdown in economic activity for the sample countries. The findings suggest insightful policy implications for policymakers and government officials.

show abstract

The link between carbon emissions, renewable energy consumption, and economic growth: a heterogeneous panel evidence from West Africa

Cited by 74 publications

References 86 publications

Renewable and non-renewable energy consumption and economic growth in the US: A Markov-Switching VAR analysis

Renewable and non-renewable energy consumption and economic growth in the US: A Markov-Switching VAR analysis

Financial development and environmental quality: the role of economic growth among the regional economies of Sub-Saharan Africa

International Environmental Agreements and CO2 Emissions: Fresh Evidence from 11 Polluting Countries

Contact Info

Product

Resources

About