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Is there Cointegration between Renewable Energy and Economic Growth in Selected Sub-saharan African Counries?

Author

Listed:
  • Philip Alege

    (Covenant University, Nigeria)

  • Ayobami Jolaade

    (Covenant University, Nigeria)

  • Omobola Adu

    (Covenant University, Nigeria)

Abstract

Globally, much attention is being paid to the environment due to the negative effects of environmental degradation on human lives resulting from population growth for instance. With a growing population in Africa it is only natural that the demand for energy for various activities would continue to grow. At present, most of the energy being produced and consumed in Sub-Saharan Africa is derived from non-renewable sources which have triggered calls to shift attention to renewable energy sources. This situation raises some pertinent research questions. Is there a relationship between renewable energy and economic growth in some selected sub-Saharan African countries? Through a panel co-integration approach, the findings revealed that there is a long-run relationship between renewable energy and economic growth in the selected Sub-Saharan African countries. This calls for the implementation of public policies towards the promotion of renewable energies in Africa to combat the negative effects of carbon emissions.

Suggested Citation

  • Philip Alege & Ayobami Jolaade & Omobola Adu, 2018. "Is there Cointegration between Renewable Energy and Economic Growth in Selected Sub-saharan African Counries?," International Journal of Energy Economics and Policy, Econjournals, vol. 8(4), pages 219-226.
    • Handle: RePEc:eco:journ2:2018-04-27
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    References listed on IDEAS

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    1. Abolhosseini, Shahrouz & Heshmati, Almas & Altmann, Jörn, 2014. "The Effect of Renewable Energy Development on Carbon Emission Reduction: An Empirical Analysis for the EU-15 Countries," IZA Discussion Papers 7989, Institute of Labor Economics (IZA).
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    Cited by:

    1. Desire SEKANABO & Elias Nyandwi & Hakizimana Khan Jean de Dieu & Valerie M. Thomas, 2022. "The Relationship between GDP and Biomass Energy Per Capita in Sub-Saharan Africa," International Journal of Energy Economics and Policy, Econjournals, vol. 12(4), pages 528-541, July.
    2. Shahriyar Mukhtarov & Jeyhun I. Mikayilov & Sugra Humbatova & Vugar Muradov, 2020. "Do High Oil Prices Obstruct the Transition to Renewable Energy Consumption?," Sustainability, MDPI, vol. 12(11), pages 1-16, June.
    3. Shahriyar Mukhtarov & Sugra Humbatova & Natig Gadim-Oglu Hajiyev, 2021. "Is the Transition to Renewable Energy Consumption Hampered by High Oil Prices?," International Journal of Energy Economics and Policy, Econjournals, vol. 11(5), pages 377-380.
    4. Rıdvan Karacan & Shahriyar Mukhtarov & İsmail Barış & Aykut İşleyen & Mehmet Emin Yardımcı, 2021. "The Impact of Oil Price on Transition toward Renewable Energy Consumption? Evidence from Russia," Energies, MDPI, vol. 14(10), pages 1-14, May.
    5. Hammed Oluwaseyi Musibau & Suraya Mahmood & Suraya Ismail & Muhammad Aminu Haruna & Muhammad Umair Khan, 2019. "Electricity Availability, Human Capital Investment and Sustainable Economic Growth Causality in Sub Sahara Africa: Revisited Evidences," International Journal of Energy Economics and Policy, Econjournals, vol. 9(6), pages 222-233.
    6. Mercy Toluwase Ayodele & Philip O. Alege, 2021. "Oil Price Volatility and Renewable Energy Consumption in Nigeria," International Journal of Energy Economics and Policy, Econjournals, vol. 11(4), pages 470-478.
    7. Desire Sekanabo & Elias Nyandwi & Hakizimana Khan Jean de Dieu & Valerie M. Thomas, 2022. "The Statistical Relationship between Economic Growth and Total Energy Use: Evidence from Panel Co-integration and Granger-causality Investigation of SSA Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 12(3), pages 151-160, May.
    8. Mukhtarov, Shahriyar & Mikayilov, Jeyhun I. & Maharramov, Shahin & Aliyev, Javid & Suleymanov, Elchin, 2022. "Higher oil prices, are they good or bad for renewable energy consumption: The case of Iran?," Renewable Energy, Elsevier, vol. 186(C), pages 411-419.
    9. Iorember, Paul Terhemba & Usman, Ojonugwa & Jelilov, Gylych, 2019. "Asymmetric Effects of Renewable Energy Consumption, Trade Openness and Economic Growth on Environmental Quality in Nigeria and South Africa," MPRA Paper 96333, University Library of Munich, Germany, revised 2019.
    10. Espoir, Delphin Kamanda & Sunge, Regret & Bannor, Frank, 2021. "Economic growth, renewable and nonrenewable electricity consumption: A fresh evidence from a panel sample of African countries," EconStor Preprints 238063, ZBW - Leibniz Information Centre for Economics.

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    More about this item

    Keywords

    Renewable energy; Economic growth; Panel data; Co-integration; Sub-Saharan Africa;
    All these keywords.

    JEL classification:

    • K32 - Law and Economics - - Other Substantive Areas of Law - - - Energy, Environmental, Health, and Safety Law
    • P18 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Energy; Environment
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy

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