scholarly journals Energy–Growth Nexus in the MENA Region: A Dynamic Panel Threshold Estimation

2021 ◽  
Vol 13 (22) ◽  
pp. 12444
Author(s):  
Qusai Mohammad Qasim Alabed ◽  
Fathin Faizah Said ◽  
Zulkefly Abdul Karim ◽  
Mohd Azlan Shah Zaidi ◽  
Mohammed Daher Alshammary
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Co2 Emissions ◽  
Threshold Model ◽  
Clean Energy ◽  
High Energy ◽  
Mena Region ◽  
Dynamic Panel ◽  
Energy Growth ◽  
The Relationship

This study provides new evidence regarding the nonlinear relationship between energy consumption and economic growth in the Middle East and North Africa (MENA) region for the 1990–2014 period. The empirical estimation is conducted using a dynamic panel threshold model. We found one threshold in the relationship between energy consumption and economic growth and one threshold in the relationship between carbon dioxide (CO2) emissions and economic growth. The results indicate that energy consumption positively and significantly affects economic growth in the low energy consumption regime. In contrast, it has a negative and significant impact on economic growth in the high energy consumption regime. Moreover, CO2 emissions are positively and significantly related to economic growth in the low regime of CO2 emissions. Nevertheless, the relationship between CO2 emissions and economic growth in the high CO2 emissions regime is negative and significant. Therefore, policymakers should implement other effective energy policies, such as stricter regulations on CO2 emissions, increase energy efficiency, and replace fossil fuels with cleaner energy sources to avoid unnecessary CO2 emissions and combat global warming. Future studies should identify the root causes of failures and issues in real time for inflation and link the energy–growth nexus to achieving the 2030 Sustainable Development Goals (SDGs) Agenda, Goal 7: Affordable and Clean Energy.

scholarly journals The Impact of Energy Consumption and Economic Growth on Carbon Dioxide Emissions

2020 ◽  
Vol 12 (19) ◽  
pp. 7965
Author(s):  
Oluyomi A. Osobajo ◽  
Afolabi Otitoju ◽  
Martha Ajibola Otitoju ◽  
Adekunle Oke
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Granger Causality ◽  
Co2 Emissions ◽  
Carbon Dioxide Emissions ◽  
Fixed Effects ◽  
Positive Impact ◽  
Clean Energy ◽  
Cointegration Tests ◽  
The Impact

This study explored the effect of energy consumption and economic growth on CO2 emissions. The relationship between energy consumption, economic growth and CO2 emissions was assessed using regression analysis (the pooled OLS regression and fixed effects methods), Granger causality and panel cointegration tests. Data from 70 countries between 1994–2013 were analysed. The result of the Granger causality tests revealed that the study variables (population, capital stock and economic growth) have a bi-directional causal relationship with CO2 emissions, while energy consumption has a uni-directional relationship. Likewise, the outcome of the cointegration tests established that a long-run relationship exists among the study variables (energy consumption and economic growth) with CO2 emissions. However, the pooled OLS and fixed methods both showed that energy consumption and economic growth have a significant positive impact on CO2 emissions. Hence, this study supports the need for a global transition to a low carbon economy primarily through climate finance, which refers to local, national, or transnational financing, that may be drawn from public, private and alternative sources of financing. This will help foster large-scale investments in clean energy, that are required to significantly reduce CO2 emissions.

scholarly journals Analysis of Spatial Effects in the Relationship between CO2 Emissions and Renewable Energy Consumption in the Context of Economic Growth

Energies ◽  
2021 ◽  
Vol 14 (18) ◽  
pp. 5829
Author(s):  
Mateusz Jankiewicz ◽  
Elżbieta Szulc
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Environmental Protection ◽  
Co2 Emissions ◽  
Indirect Effects ◽  
Renewable Energy Consumption ◽  
Spatial Spillovers ◽  
Spatio Temporal ◽  
The Relationship

The paper presents a spatial approach to the analysis of the relationship between air pollution, economic growth, and renewable energy consumption. The economic growth of every country is based on the energy consumption that leads to an increase in national productivity. Using renewable energy is very important for the environmental protection and security of the earth’s resources. Promoting environmentally friendly operations increases awareness of sustainable development, which is currently a major concern of state governments. In this study, we explored the influence of economic growth and the share of renewable energy out of total energy consumption on CO2 emissions. The study was based on the classical environmental Kuznets curve (EKC) and enriched with the spatial dependencies. In particular, we determined the spatial spillovers in the form of the indirect effects of changes in renewable energy consumption of a specific country on the CO2 emissions of neighboring countries. A neighborhood in this study was defined by ecological development similarity. The neighborhood matrix was constructed based on the values of the ecological footprint measure. We used the spatio-temporal Durbin model, with which the indirect effects were determined in relation to the spatially lagged renewable energy consumption. The results of our study also show the strength of the effects caused by imitating actions from the states with high levels of environmental protection. The study was conducted using data for 75 selected countries from the period of 2013–2019. Cumulative spatial and spatio-temporal effects allowed us to determine (1) the countries with the greatest impact on others and (2) the countries that follow the leading ones.

scholarly journals The Relationship between Economic Growth, Energy Consumption and CO2 Emission in the Middle East and North Africa (MENA)

2021 ◽  
Vol 21 (2) ◽  
pp. 132-147
Author(s):  
Mohammed Touitou
Keyword(s):  
Economic Growth ◽  
Carbon Dioxide ◽  
Energy Consumption ◽  
Carbon Dioxide Emissions ◽  
Past Century ◽  
Kuznets Curve ◽  
Mena Region ◽  
Mena Countries ◽  
Cointegration Tests ◽  
The Relationship

Abstract Research background: CO2 emissions are considered to be the main reason for global warming, and for this reason, their regulation is a very important issue for governments. Due to the increasing use of energy, carbon dioxide emissions have increased dramatically over the past century, with a direct link to economic growth and development. The relationship between CO2 emissions, growth and energy consumption is therefore at the heart of current economic issues. Purpose: This study aimed at examining the relationship among economic growth, carbon dioxide (CO2) emissions and energy consumption in selected MENA countries, in the period 1995–2017. Research methodology: To prove these relations, a stationary data panel methodology is used supported by unitary root and cointegration tests. Results: The results indicated that there is a long-term relationship between CO2 emissions, energy consumption and GDP. In addition, it is found that the elasticity of CO2 emissions with respect to energy consumption is less than one (inelastic), and the elasticity of CO2 emissions with respect to GDP suggests the existence of an Environmental Kuznets Curve. An important finding is that energy consumption has a positive but relatively low effect on CO2 emissions. To reduce CO2 emissions, the countries of the MENA region are being called upon to increase significantly the use of renewable energies and the establishment of a more efficient energy policy.

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