IAD Index of Academic Documents
  • Home Page
  • About
    • About Izmir Academy Association
    • About IAD Index
    • IAD Team
    • IAD Logos and Links
    • Policies
    • Contact
  • Submit A Journal
  • Submit A Conference
  • Submit Paper/Book
    • Submit a Preprint
    • Submit a Book
  • Contact
  • Sosyal Bilimler Metinleri
  • Volume:2024 Issue:1
  • Panel Data Analysis on the Determinants of Renewable Energy Consumption in African Countries

Panel Data Analysis on the Determinants of Renewable Energy Consumption in African Countries

Authors : İbrahim Abdiwahab Adem, Murat Çetin
Pages : 32-48
Doi:10.56337/sbm.1435866
View : 58 | Download : 60
Publication Date : 2024-04-30
Article Type : Research Paper
Abstract :Africa consists of countries that are primarily dependent on fossil fuels for energy but have significant potential in many types of renewable energy. Therefore, the study investigates the factors affecting the use of renewable energy in 15 African countries in the context of panel data analysis over the period of 1980-2018. Cointegration analysis of variables is carried out using Kao, Pedroni, and Westerlund techniques, and Driscoll-Kraay and FGLS estimation methods examine long-term coefficients. The findings point out a cointegration between the variables. While economic growth, FDI, and trade openness support renewable energy use, financial development and natural resources hinder it. The findings also indicate a two-way causality between all independent variables and renewable energy use. The study will be able to put forward some policy suggestions that can improve the renewable energy sector in African countries.
Keywords : Yenilenebilir Enerji, Ekonomik Büyüme, Eşbütünleşme, Nedensellik, Afrika Ülkeleri

ORIGINAL ARTICLE URL
VIEW PAPER (PDF)

* There may have been changes in the journal, article,conference, book, preprint etc. informations. Therefore, it would be appropriate to follow the information on the official page of the source. The information here is shared for informational purposes. IAD is not responsible for incorrect or missing information.


Index of Academic Documents
İzmir Academy Association
CopyRight © 2023-2025