The renewable energy consumption by sectors and household income growth in the United States

Alola, Andrew Adewale; Yıldırım, Hakan

doi:10.1080/15435075.2019.1671414

Cited by 22 publications

(12 citation statements)

References 37 publications

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“…This suggests that increasing electricity generation and distribution will improve production, which will in turn trigger growth. Renewable energy sources could be the game changer in this regard especially due to the ubiquitous campaign for clean energy (Alola, Alola, & Saint Akadiri, 2019; Alola, Yalçiner, & Alola, 2019; Alola & Yildirim, 2019; Balsalobre‐Lorente, Shahbaz, Roubaud, & Farhani, 2018; Bekun, Emir, & Sarkodie, 2019; Nathaniel, 2019; Nathaniel et al, 2019; Nathaniel & Iheonu, 2019). Renewable energy could be a solution to the country's energy poverty (Nathaniel, Anyanwu, & Shah, 2020; Nathaniel & Bekun, 2019).…”

Section: Conclusion and Policy Directionmentioning

confidence: 99%

Electricity consumption, urbanization, and economic growth in Nigeria: New insights from combined cointegration amidst structural breaks

Nathaniel

Bekun

2020

Journal of Public Affairs

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The study explores the link between electricity consumption, urbanization, and economic growth in Nigeria from 1971 to 2014. The bounds test and the Bayer and Hanck (Journal of Time Series Analysis, 2013, 34(1), 83–95) cointegration tests affirm cointegrating relationship. Electricity consumption increases economic growth in both time periods, while the impact of urbanization appears to inhibit growth. The fully modified OLS, dynamic OLS, and the canonical cointegrating regression confirm the robustness of the findings. The vector error correction model Granger causality test supports the neutrality hypothesis in the short run and the feedback hypothesis among the variables in the long run. Therefore, policies to ensure efficient electricity supply, curb rapid urbanization, and promote sustainable economic growth were suggested.

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Section: Conclusion and Policy Directionmentioning

confidence: 99%

Electricity consumption, urbanization, and economic growth in Nigeria: New insights from combined cointegration amidst structural breaks

Nathaniel

Bekun

2020

Journal of Public Affairs

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“…Rather, we should be moving towards using other additional sources of energy. According to Alola and Alola [44] and Alola and Yildirim [45], the use of renewable energy improves the real income. Efforts must therefore be made to promote investment in renewable energies and develop urban policies that encourage their use.…”

Section: Policy Implicationsmentioning

confidence: 99%

Investigating the residential electricity consumption-income nexus in Morocco: a stochastic impacts by regression on population, affluence, and technology analysis

Haouraji

Mounir²,

Mounir³

et al. 2022

IJECE

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In a comprehensive LMDI-STIRPAT-ARDL framework, this research investigates the residential electricity consumption (REC)-income nexus in Morocco for the period 1990 to 2018. The logarithmic mean Divisia index (LMDI) results show that economic activity and electricity intensity are the leading drivers of Morocco’s REC, followed by population and residential structure. And then, the LMDI analysis was combined with stochastic impacts by regression on population, affluence, and technology (STIRPAT) analysis and the bounds testing approach to search for a long-run equilibrium relationship. The empirical results show that REC, economic growth, urbanization, and electricity intensity are cointegrated. The results further show that there exists a U-shaped relationship between per capita gross domestic product (GDP) and REC: an increase in per capita GDP reduces REC initially; but, after reaching a turning point (the GDPPC level of 17,145.22 Dh), further increases in per capita GDP increase REC. Regarding urbanization, the results reveal that it has no significant impact on Morocco’s REC. The stability parameters of the short and long-term coefficients of residential electricity demand function are tested. The results of these tests showed a stable pattern. Finally, based on the findings mentioned above, policy implications for guiding the country's development and electricity planning under energy and environmental constraints are given.

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“…They further noted the presence of a conservative hypothesis, that is, causality running from electricity consumption to CO 2 emissions. In the literature, the growth model has been expanded from the perspective of energy consumption using different estimation techniques or approaches and for varying cases across the globe 41–43 …”

Section: Literature Reviewmentioning

confidence: 99%

New insights into economic expansion in the United Kingdom: Does energy mix specificity matter?

2021

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Summary This paper sheds light on the causality linkages between economic growth and energy production, that is, natural gas, bioenergy and waste, coal, nuclear, petroleum, wind, solar and hydro for the United Kingdom over the period 1998Q1 to 2017Q4. To this end, we apply time‐domain causality tests—Toda‐Yamamoto causality test and gradual shift causality test, and frequency domain causality (FDC) test for empirical analysis to sort out the causality among the outlined variables under consideration. Empirical findings from the spectral BC causality test reveal that (a) changes in energy production from natural gas and petroleum spur significant changes in economic growth in the United Kingdom; (b) economic growth causes energy production from natural gas, petroleum, wind, solar, hydro and nuclear and (c) it is worthy of mentioning that time and FDC tests provide consistent outcomes at different significance and frequency levels. On the causality analysis, the hypothesis that natural gas triggers economic growth is valid, while the result also reveals a feedback causality the variables of concern. Similarly, economic growth drives nuclear energy production one‐way as well as total energy drives economic growth. These results provide policy implications for energy and environmental sustainability in the United Kingdom where renewable energy sources drive economic growth. Thus, necessitates the need to maintain the current trajectory for more renewable energy promotion in energy mix relative to fossil‐fuel energy sources. Highlights Economic impact is revisited for the United Kingdom over the period 1998Q1 to 2017Q4. Toda‐Yamamoto, gradual shift and frequency domain causality tests were employed. Distinct roles of natural gas, fossil, nuclear and mix of renewables were explored. Changes in natural gas and petroleum significantly spur economic growth. Frequency domain causality tests offer consistent time and frequency changes.

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The renewable energy consumption by sectors and household income growth in the United States

Cited by 22 publications

References 37 publications

Electricity consumption, urbanization, and economic growth in Nigeria: New insights from combined cointegration amidst structural breaks

Electricity consumption, urbanization, and economic growth in Nigeria: New insights from combined cointegration amidst structural breaks

Investigating the residential electricity consumption-income nexus in Morocco: a stochastic impacts by regression on population, affluence, and technology analysis

New insights into economic expansion in the United Kingdom: Does energy mix specificity matter?

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