Renewable energy consumption, economic growth and CO2 emissions: Evidence from selected MENA countries

Sahbi Farhani

No 2015-612, Working Papers from Department of Research, Ipag Business School

Abstract: This paper uses panel cointegration techniques to examine the causal relationship between renewable energy consumption, economic growth and CO2 emissions for a group of 12 MENA countries covering the annual period 1975-2008. The Granger-causality results indicate that there is no causal relationship between these variables in short run except a unidirectional causality running from renewable energy consumption to CO2 emissions. However, we find unidirectional causality running from economic growth and CO2 emissions to renewable energy consumption in long run. With panel FMOLS and DOLS estimates, we find that only CO2 emissions have an impact on renewable energy consumption. These results indicate that MENA countries don’t find the best policy which can control the regulation of the renewable energy prices, which can help to take into account the stability in the economic growth structure, and which can also mitigate pollutant emissions.

Keywords: Renewable energy consumption; Economic growth; CO2 emissions; MENA countries (search for similar items in EconPapers)
JEL-codes: C33 Q43 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2015-01-01
New Economics Papers: this item is included in nep-ara, nep-ene, nep-env, nep-gro and nep-reg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
https://faculty-research.ipag.edu/wp-content/uploa ... IPAG_WP_2015_612.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ipg:wpaper:2015-612

Access Statistics for this paper

More papers in Working Papers from Department of Research, Ipag Business School Contact information at EDIRC.
Bibliographic data for series maintained by Ingmar Schumacher (ingmar.schumacher@ipag.fr).