The role of non-renewable energy consumption in economic growth and carbon emission: Evidence from oil producing economies in Africa

We use panel cointegration techniques to examine the relationship between renewable energy consumption, trade and output in a sample of 11 African countries covering the period 1980-2008. The results from panel error correction model reveal that there is evidence of bidirectional causality between output and exports and between output and imports in both the short-run and the long-run. However, in the short-run, there is no evidence of causality between output and renewable energy consumption and between trade (exports or imports) and renewable energy consumption. In the long-run, the FMOLS panel approach estimation shows that renewable energy consumption and trade (exports or imports) have a statistically significant and positive impact on output. Policies recommendations are that, in the long-run, international trade enables African countries to benefit from technology transfer and to build the human and physical capacities needed to produce more renewable energies, which in turn increases their output.

Output, renewable energy consumption and trade in Africa

The relationship of renewable energy consumption to financial development and economic growth in China

We examine the impact of energy consumption and tourism growth on the ecological footprints and economic growth of 38 International Energy Agency (IEA) countries, as moderated by labor and capital, over the 1995-2018 period. We develop a comprehensive empirical analysis that applies second-generation unit root and cross-section dependence analysis. The co-integration analysis indicates long-run relationships among the variables, while the fully modified least square (FMOLS) approach specifies that energy consumption promotes economic growth and degrades environmental quality in the long run, and tourism growth improves environmental quality and stimulates economic growth in the long run. In addition, the result of a pairwise Granger causality test reveals bidirectional causality between energy consumption and economic growth and unidirectional causality from the ecological footprint to energy consumption. Policy implications for theory and practice and directions for future research in the area are presented.

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The dynamic links among energy consumption, tourism growth, and the ecological footprint: the role of environmental quality in 38 IEA countries

The dynamic links among energy transitions, energy consumption, and sustainable economic growth: A novel framework for IEA countries

The relationship of renewable energy consumption to stock market development and economic growth in Iran

Nowadays, paying attention to globalization and the consumption of renewable energy on the ecological footprint is one of the most important issues in the world. In the age of globalization, all countries are trying to prevent the spread of ecological degradation by enacting laws and regulations at the national level and regulating international agreements. This study investigates the effect of explanatory variables of globalization, renewable energy consumption, and agricultural production on the ecological footprint in emerging countries using fixed-effect panel quantile regression of 10th, 25th, 50th, 75th, and 90th in the period 2002 to 2016. The results showed that the consumption of renewable energy at all levels except the 25th quantile has a positive and significant effect on the ecological footprint; this effect is more in higher quantiles. Globalization in all quantiles has a negative and significant impact on the ecological footprint and has had the most excellent effect among other explanatory variables. Agricultural production variable at the 25th and 50th quantile levels had the most significant and positive effect on the ecological footprint. Therefore, it can be concluded that the increase in agricultural production, income, renewable energy consumption, population, and trade openness can lead to increased environmental degradation. However, the effects of globalization have had the most negligible negative impact on the ecological footprint.

Globalization, renewable energy consumption, and agricultural production impacts on ecological footprint in emerging countries: using quantile regression approach.

Taghi Ebrahimi Salari

Papers

The relationship of renewable energy consumption to stock market development and economic growth in Iran

Globalization, renewable energy consumption, and agricultural production impacts on ecological footprint in emerging countries: using quantile regression approach.