The ICT, Financial Development, Energy Consumption and Economic Growth Nexus in MENA Countries: Panel CS-ARDL Evidence

Mounir Dahmani, Mohamed Mabrouki and Adel Ben Youssef

No 2021-46, GREDEG Working Papers from Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France

Abstract: This paper analyzes the nexus between consumption of renewable and non-renewables energies, financial development, diffusion of information and communication technology (ICT) and economic growth in the MENA countries. We employ a cross-section augmented autoregressive distributed lag (CS-ARDL) modeling approach to analyze the effect of our explanatory variables on economic growth. We find a positive impact of renewable and non-renewable energies on economic growth. Financial development is related negatively to economic growth which may be explained among other things, by a weak financial sector, macroeconomic volatility and financial crises, or the existence of non-linear relationships. We find a positive and statistically significant influence of ICT on GDP. Renewable energies and diffusion of ICT can be considered important determinants of improved economic activity, job creation and create jobs and a better environment.

Keywords: ICT; financial development; renewable and non-renewable energy consumption; MENA; dynamic panel; CS-ARDL (search for similar items in EconPapers)
Pages: 33 pages
Date: 2021-12
New Economics Papers: this item is included in nep-ara, nep-cwa, nep-ene, nep-env, nep-fdg and nep-ict
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:gre:wpaper:2021-46

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