Do Green Patent and Renewable Energy Consumption Matter for Sustainable Green Growth in the African Region?

Subal Danta and Badri Rath

Economic Papers, 2024, vol. 43, issue 4, 370-388

Abstract: The central idea behind the attainment of green growth is to attain sustained long‐run economic growth without producing any harm to the environment. Green patents and renewable energy consumption are crucial to attaining green growth. As a result, this paper investigates the role of green patents and renewable energy consumption in promoting green growth in forty African countries. Keeping the cross‐sectional dependence and heteroscedasticity among the panel in mind, the study employs the Panel Corrected Standard Errors (PCSE) model to examine its empirical exercise. The results based on the PCSE model find that both variables positively affect green growth in Africa. Consequently, our findings emphasise the significance of promoting green patents and renewable energy consumption as key policy measures to drive sustainable, long‐term growth and elevate green growth within the African region.

Date: 2024
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https://doi.org/10.1111/1759-3441.12426

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