
The impact of renewable energy consumption on economic growth : fossil-fuels-dependent countries
Other Title(s)
تأثير استهلاك الطاقة المتجددة على النمو الاقتصادي : الدول المعتمدة على الوقود الأحفوري
Dissertant
Thesis advisor
University
Birzeit University
Faculty
Faculty of Business and Economics
Department
Department of Economics
University Country
Palestine (West Bank)
Degree
Master
Degree Date
2022
English Abstract
Burning fossil fuels to produce energy has been an essential driver in economic activities for around two centuries.
Recently, despite the relatively still growing fossil-fuels consumption, renewable energy sources are being adopted and their share is rising with a higher rate.
For the sake of environmental and human health protection, countries are applying new policies to replace fossil fuels with renewables.
Although these are valuable steps towards energy security and environmental sustainability, the timing and the intensity of such a switch could harm the economy.
Literature on the subject is diverse and growing but it does not provide conclusive results.
More specialized studies within specific characteristics may carry better insights.
This study addresses the impact of renewable electricity on the economic growth in fossil-fuelsdependent countries whose share of renewables is noteworthy.
The study includes panel data from six fossil-fuels net-exporting countries and eight net-importing countries over the period 1995-2019.
The study applied unit root tests and co-integration tests that accounts for crosssection dependence and slope heterogeneity.
Cross-section dependence has been found among importers but not in exporters.
The variables in both models are integrated of order one I(1).
Fully Modified Least Squares method uncovered that 1% increase in renewables will increase GDP per capita by 0.08% and 0.10% for exporters and importers respectively.
(Dumitrescu & Hurlin, 2012) non-Granger causality test showed that renewables have a bidirectional causal effect on economic growth in exporting countries and importing countries.
feedback hypothesis for exporters suggests the beneficial effect on the economy due to renewables adoption, hence it is recommended to increase their share.
Also feedback hypothesis for importers infers that the economic growth has led to a higher renewables’ usage, consequently, it is recommended to continue embracing economic growth which is eventually going to promote renewables.
This ultimately will lead to achieve climate-change goals and reduce dependence on fuels imports as well.
Main Subjects
No. of Pages
64
Table of Contents
Table of contents.
Abstract.
Abstract in Arabic.
Chapter One : Introduction.
Chapter Two : Literature review and theory.
Chapter Three : Econometric modeling.
Chapter Four : Conclusion.
References.
American Psychological Association (APA)
Yahya, Muhammad Hisham. (2022). The impact of renewable energy consumption on economic growth : fossil-fuels-dependent countries. (Master's theses Theses and Dissertations Master). Birzeit University, Palestine (West Bank)
https://search.emarefa.net/detail/BIM-1429206
Modern Language Association (MLA)
Yahya, Muhammad Hisham. The impact of renewable energy consumption on economic growth : fossil-fuels-dependent countries. (Master's theses Theses and Dissertations Master). Birzeit University. (2022).
https://search.emarefa.net/detail/BIM-1429206
American Medical Association (AMA)
Yahya, Muhammad Hisham. (2022). The impact of renewable energy consumption on economic growth : fossil-fuels-dependent countries. (Master's theses Theses and Dissertations Master). Birzeit University, Palestine (West Bank)
https://search.emarefa.net/detail/BIM-1429206
Language
English
Data Type
Arab Theses
Record ID
BIM-1429206