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- Title
Analyzing the Linkage between Renewable Energy Consumption and Economic Growth in West Africa.
- Authors
Moustapha, Maman Ali M.; Qian Yu; Danqauh, Benjamin A.
- Abstract
This study investigates the short-run and long-run relationships between renewable energy consumption and economic growth within the framework of the production function in fifteen West African countries from 2000 to 2018. The study was based on the Autoregressive Distributed Lag-Bounds test approach (ARDL) and vector error correction model (VECM) to examine the Granger causality between the variables. The results of the ADRL model confirm the presence of cointegration among the variables. The findings confirm that in the short-run renewable energy consumption has an insignificant impact on economic growth. However, in the long-run has a significant and positive impact on economic growth as well as a unidirectional causality running from renewable energy consumption to economic growth. Within the global framework, the study implies that the use of renewable energy in the process of economic growth is highly significant. Therefore, findings imply further policies and support to promote renewable energy would be necessary for economic development in West Africa.
- Publication
International Energy Journal, 2021, Vol 21, Issue 2, p225
- ISSN
1513-718X
- Publication type
Academic Journal