Renewable and non-renewable energy, regime type and economic growth

By Samuel Olorunfemi Adams, E. Klobodu, A. Apio. Renewable Energy, 2018

279 citations recorded by the source corpus.

The paper analyses the effect of renewable and non-renewable energy consumption as well as the regime type on economic growth in 30 Sub-Saharan African (SSA) countries over the period 1980–2012. Using heterogeneous panel cointegration and panel-based error correction tests, we find long-run relationship between the variables. However, short-run results are not robust, which suggest that energy sector investments are long-term in nature. Specifically, the results show that while both renewable and non-renewable energy have significant positive effect on economic growth, non-renewable energy has a greater growth enhancing effect than renewable energy. A 10% increase in renewable energy consumption is associated with an increase in economic growth by 0.27%, while a 10% increase in non-renewable energy consumption leads to an increase in growth by 2.11% ceteris paribus. Further, the findings of the study show that democratic states experience higher growth rates than autocratic states.

Subfields: Economics and Econometrics, Pollution, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/4900de9aa40d93bf104e038d337b7f210a747fe7

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Citations in the corpus

Reviewing Usage, Potentials, and Limitations of Renewable Energy Sources (2020, background): “[45] examined 30 Sub‐Saharan African countries over the period 1980–2012 and estimated that a 10% increase in renewable energy consumption would have led to a 0.”
The implications of renewable and non-renewable energy generating in Sub-Saharan Africa: The role of economic policy uncertainties (2021, background): “This is akin to the view of Adams et al. (2018), stating that the low level of investment in renewable energy keeps it at a babyhood stage. This, thereby, ensures the renewable energy consumption remains at a stunted level. Destek (2016) weighs in on the discourse, concluding that a low level of inv”