Analyzing the Dynamics: Asymmetric Effects of Economic Growth, Technological Innovation, and Renewable Energy on Carbon Emissions in Africa

Derese Kebede Teklie and Burak DoÄŸan
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Derese Kebede Teklie: Graduate School, Istanbul Technical University, Istanbul, Turkey
Burak DoÄŸan: Bahcesehir University, Istanbul, Turkey

International Journal of Energy Economics and Policy, 2024, vol. 14, issue 5, 509-519

Abstract: This study examines the interactions among economic growth, technological innovation, renewable energy consumption, and carbon emissions in Africa using advanced econometric methods. Panel data analysis reveals both symmetric and asymmetric impacts on carbon emissions, showing how economic and technological variables contribute to environmental outcomes. The augmented mean group (AMG) and common correlated effects mean group (CCEMG) estimators address cross-sectional dependence and heterogeneity, ensuring robust results. Findings indicate that positive economic growth increases emissions, while economic downturns significantly reduce emissions. The study underscores the need for strategic policies that leverage technological innovations and renewable energy to promote sustainable development in African economies, balancing economic growth with environmental protection.

Keywords: Carbon Emissions; Renewable Energy; Panel Data Analysis; Asymmetric Effects; Cross-Section Dependence; Nonlinear Autoregressive Distributed Lag (search for similar items in EconPapers)
JEL-codes: C23 C32 C33 Q53 Q54 Q56 (search for similar items in EconPapers)
Date: 2024
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