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AuthorKahia, Montassar
AuthorBen Aïssa, Mohamed Safouane
AuthorCharfeddine, Lanouar
Available date2017-01-10T07:00:05Z
Publication Date2016-12-01
Publication NameEnergyen_US
Identifierhttp://dx.doi.org/10.1016/j.energy.2016.07.126
CitationMontassar Kahia, Mohamed Safouane Ben Aïssa, Lanouar Charfeddine, Impact of renewable and non-renewable energy consumption on economic growth: New evidence from the MENA Net Oil Exporting Countries (NOECs), Energy, Volume 116, Part 1, 1 December 2016, Pages 102-115
ISSN03605442
URIhttp://www.sciencedirect.com/science/article/pii/S0360544216310520
URIhttp://hdl.handle.net/10576/5160
AbstractThis study explores the economic growth – energy consumption nexus for two samples of MENA Net Oil Exporting Countries (NOECs) during the period 1980–2012. Using panel cointegration approach, we found strong evidence for the existence of a long-run relationship between real GDP, renewable and non-renewable energy consumption, real gross fixed capital formation, and the labor force. Moreover, empirical results from the estimation of the panel error correction model indicate evidence of a unidirectional causality running from economic growth to renewable energy consumption in the short-run. In the long-run, the results show evidence of a bidirectional causality for the entire group of MENA NOECs. For the 5 selected MENA NOECs sample, we found strong evidence for bidirectional causality between renewable energy and economic growth. Additionally, our results confirm bidirectional causality between renewable and non-renewable energy consumption with negative and significant coefficient in the short-run indicating substitutability between these two types of energy. Finally, the paper discusses the economic implications of the results and proposes certain policies recommendations.
Languageen
PublisherElsevier
SubjectRenewable and non-renewable energy consumption
SubjectEconomic growth
SubjectPanel cointegration
SubjectMENA Net Oil Exporting Countries
TitleImpact of renewable and non-renewable energy consumption on economic growth: New evidence from the MENA Net Oil Exporting Countries (NOECs)
TypeArticle
Pagination102-115
Volume Number116


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