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Examining the Connection amongst Renewable Energy, Economic Growth and Carbon Dioxide Emissions in Algeria

Salaheddine Sari Hassoun, Mohammed Meki̇di̇che and Mohammed Seghir Guelli̇
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Mohammed Meki̇di̇che: Faculty of Economics and Commerce, University of Tlemcen, -Maghnia Annex-, Algeria
Mohammed Seghir Guelli̇: Faculty of Economics and Commerce, University of Mascara, MCLDL Laboratory, Algeria

Authors registered in the RePEc Author Service: Mohammed seghir Guellil ()

EKOIST Journal of Econometrics and Statistics, 2018, vol. 14, issue 28, 199-223

Abstract: In this paper, we shall study the relationship between renewable energy, economic growth (GDP), carbon dioxide emissions and with control variable that are estimated into realized volatility and to verify if the EKC hypothesis is accepted or not. This study is focussed on the Algerian situation during the periods of 1995-2016 and we employed the VECM procedure and Granger causality to estimate the short and long-run coefficients. We found with VECM that an increase in carbon dioxide emissions, fossil energy consumption and production will raise the level of economic growth, while an increase in GDP, fossil energy consumption and production will upsurge the level of carbon dioxide emissions, but an increase in renewable energy consumption will reduce both GDP and carbon dioxide emissions. We concluded in the short-term that there’s bidirectional causality between carbon dioxide emissions and GDP and there is unidirectional causality running from renewable energy consumption to carbon dioxide emissions.Classification-JEL: C01, C2, C24, N7

Keywords: Environment; Renewable Energy; Economic Growth; Carbon Dioxide Emissions; EKC Hypothesis; VECM Model; Granger Causality (search for similar items in EconPapers)
JEL-codes: C32 O13 P18 (search for similar items in EconPapers)
Date: 2018
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DOI: 10.26650/ekoist.2018.14.29.0013

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