Econometric estimation of the impact of oil prices and economic growth on the diffusion of renewable electricity in Algeria : using VECM model
Joint Authors
Tayyib, Sayyidah
Bu Qarwah, Maryam
Source
Journal of the Economic of Business and Finance
Issue
Vol. 6, Issue 2 (31 Dec. 2021), pp.601-614, 14 p.
Publisher
University of Echahid Hamma Lakhdar-el-Oued
Publication Date
2021-12-31
Country of Publication
Algeria
No. of Pages
14
Main Subjects
Topics
Abstract EN
The purpose of this article is to investigate the relationship between renewable electricity generation, oil price and economic growth in Algeria using the cointegration approach and Vector Error Correction Model (VECM).
We examine simultaneously short-term and long-term impacts between the studies variables: renewable electricity generation, oil price and economic growth during the period 1990– 2016.
We propose also to forecast the renewable electricity generation to 2025 under different scenarios.
The main results of the analysis show that the oil price influenced positively, in the short and long term, the renewable energy generation in Algeria.
It implies that higher oil price allows more investment in the renewable energy.
This result further confirms the strong dependence of Algerian economy on oil revenues and raises several questions about looking for new sources of financing to develop renewable energies and achieve the sustainable development.
American Psychological Association (APA)
Tayyib, Sayyidah& Bu Qarwah, Maryam. 2021. Econometric estimation of the impact of oil prices and economic growth on the diffusion of renewable electricity in Algeria : using VECM model. Journal of the Economic of Business and Finance،Vol. 6, no. 2, pp.601-614.
https://search.emarefa.net/detail/BIM-1301481
Modern Language Association (MLA)
Tayyib, Sayyidah& Bu Qarwah, Maryam. Econometric estimation of the impact of oil prices and economic growth on the diffusion of renewable electricity in Algeria : using VECM model. Journal of the Economic of Business and Finance Vol. 6, no. 2 (Dec. 2021), pp.601-614.
https://search.emarefa.net/detail/BIM-1301481
American Medical Association (AMA)
Tayyib, Sayyidah& Bu Qarwah, Maryam. Econometric estimation of the impact of oil prices and economic growth on the diffusion of renewable electricity in Algeria : using VECM model. Journal of the Economic of Business and Finance. 2021. Vol. 6, no. 2, pp.601-614.
https://search.emarefa.net/detail/BIM-1301481
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 614
Record ID
BIM-1301481