The Impact of Renewable Energy, Economic and Population Growth on CO 2 Emissions in the East African Region: Evidence from Common Correlated Effect Means Group and Asymmetric Analysis

Jean Pierre Namahoro, Qiaosheng Wu, Haijun Xiao and Na Zhou
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Jean Pierre Namahoro: School of Economics and Management, China University of Geosciences, Wuhan 430074, China
Qiaosheng Wu: School of Economics and Management, China University of Geosciences, Wuhan 430074, China
Haijun Xiao: School of Mathematics and Physics, China University of Geosciences, Wuhan 430074, China
Na Zhou: School of Economics and Management, China University of Geosciences, Wuhan 430074, China

Energies, 2021, vol. 14, issue 2, 1-21

Abstract: This study aims to examine the asymmetric nexus between CO 2 emissions and renewable energy and economic and population growth in seven East African countries (EACs) at the regional level and country levels. Common correlated effect means group (CCEMG), nonlinear autoregressive distributed lagged (NARDL), and causality tests were employed for the panel data from 1980 to 2016. The main findings are as follows: (1) Renewable energy consumption negatively affects CO 2 emissions, while economic and population growth positively affect CO 2 emissions at the regional level. (2) The findings of asymmetric and symmetric linkages between CO 2 emissions and its determinants (economic and population growth and renewable energy) are very volatile across the country levels. (3) The causality hypotheses are different across the country and regional levels. (4) This study shows the renewable energy growth nexus, wherein renewable energy positively affects economic growth at the regional level. Lastly, the study suggests potential policy implications for effectively reducing CO 2 emissions as well as growing the economy at the regional level.

Keywords: CO 2 emissions; renewable energy; economic growth; East African countries; asymmetric analysis; common correlated effect means group (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (22)

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