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The nexus between Egyptian renewable energy resources and economic growth for achieving sustainable development goals

Author

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  • Doaa Salman

    (October University for Modern Sciences and Arts)

  • Nadine Amr Hosny

    (October University for Modern Sciences and Arts)

Abstract

This study contributes to the conceptual and empirical studies by investigating the relation between the electricity generated from renewables, carbon dioxide (CO2) emission, exchange rate and unemployment on Egyptian economic growth (EEC). Developing countries are in pursuit of economic growth as it is the path for sustainable economies. The study applies autoregressive distributed lag model (ARDL) using the dataset for the period from 1990–2019. The empirical results highlight the main driving forces that accelerate economic growth. The main findings confirmed that government support is one of the key drivers for positive and significant impacts of electricity generated from renewable energy sources, CO2 emission, and exchange rate in Egypt on economic growth. However, the positive and significant impact of carbon dioxide still plays a challenging aspect to achieve sustainability. Policies have been identified to develop the required energy network of the future

Suggested Citation

  • Doaa Salman & Nadine Amr Hosny, 2021. "The nexus between Egyptian renewable energy resources and economic growth for achieving sustainable development goals," Future Business Journal, Springer, vol. 7(1), pages 1-12, December.
    • Handle: RePEc:spr:futbus:v:7:y:2021:i:1:d:10.1186_s43093-021-00091-8
    DOI: 10.1186/s43093-021-00091-8
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    References listed on IDEAS

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    1. Pesaran, M.H. & Shin, Y., 1995. "An Autoregressive Distributed Lag Modelling Approach to Cointegration Analysis," Cambridge Working Papers in Economics 9514, Faculty of Economics, University of Cambridge.
    2. Ridoan Karim & Firdaus Muhammad-Sukki & Mina Hemmati & Md Shah Newaz & Haroon Farooq & Mohd Nabil Muhtazaruddin & Muhammad Zulkipli & Jorge Alfredo Ardila-Rey, 2020. "Paving towards Strategic Investment Decision: A SWOT Analysis of Renewable Energy in Bangladesh," Sustainability, MDPI, vol. 12(24), pages 1-30, December.
    3. Hlalefang Khobai & Nwabisa Kolisi & Clement Moyo & Izunna Anyikwa & Siyasanga Dingela, 2020. "Renewable Energy Consumption and Unemployment in South Africa," International Journal of Energy Economics and Policy, Econjournals, vol. 10(2), pages 170-178.
    4. Norhan Bayomi & John E. Fernandez, 2019. "Towards Sustainable Energy Trends in the Middle East: A Study of Four Major Emitters," Energies, MDPI, vol. 12(9), pages 1-20, April.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Heru Wahyudi & Ukhti Ciptawaty & Arivina Ratih & Ahmad Dhea Pratama, 2023. "Comparison of Renewable and Non-Renewable Energy in the Long and Short Term of Indonesia Economy," International Journal of Energy Economics and Policy, Econjournals, vol. 13(5), pages 194-201, September.
    2. Salokhiddin Avazkhodjaev & Jaloliddin Usmonov & M ria Bohdalov & Wee-Yeap Lau, 2022. "The Causal Nexus between Renewable Energy, CO2 Emissions, and Economic Growth: New Evidence from CIS Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 12(6), pages 248-260, November.
    3. Mira Ghali & Dalia M. Ibrahiem, 2023. "Quantifying the Saved Social Costs of the Solar Energy Projects Funded by the EBRD in Egypt," International Journal of Energy Economics and Policy, Econjournals, vol. 13(5), pages 365-373, September.

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    More about this item

    Keywords

    Sustainable development; Economic growth; Renewable resources; Egypt;
    All these keywords.

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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