Journal of
Economics and International Finance

  • Abbreviation: J. Econ. Int. Finance
  • Language: English
  • ISSN: 2006-9812
  • DOI: 10.5897/JEIF
  • Start Year: 2009
  • Published Articles: 363

Full Length Research Paper

Analysis of the impact of renewable energy use on GDP and employment in Angola: An error correction model approach

Yacouba TELLY
  • Yacouba TELLY
  • Beijing University of Chemical Technology, School of Economics and Management, China.
  • Google Scholar
Xuezhi LIU
  • Xuezhi LIU
  • Beijing University of Chemical Technology, School of Economics and Management, China.
  • Google Scholar


  •  Received: 17 January 2023
  •  Accepted: 17 February 2023
  •  Published: 28 February 2023

References

Adams S, Acheampong AO (2019). Reducing carbon emissions: The role of renewable energy and democracy. Journal of Cleaner Production 240:118245.
Crossref

 

Alabi O, Ackah I, Lartey A (2017). Re-visiting the renewable energy-economic growth nexus: Empirical evidence from African OPEC countries. International Journal of Energy Sector Management 11:387-403.
Crossref

 

Alemzero DA, Sun H, Mohsin M, Iqbal N, Nadeem M, Vo XV (2021). Assessing energy security in Africa based on multi-dimensional approach of principal composite analysis. Environmental Science and Pollution Research 28:2158-2171.
Crossref

 

Alper A, Oguz O (2016). The role of renewable energy consumption in economic growth: Evidence from asymmetric causality. Renewable and Sustainable Energy Reviews 60:953-959.
Crossref

 

Anwar A, Siddique M, Eyup Dogan, Sharif A (2021). The moderating role of renewable and non-renewable energy in environment-income nexus for ASEAN countries: Evidence from Method of Moments Quantile Regression. Renew Energy 164:956-967.
Crossref

 

Arvanitopoulos T, Agnolucci P (2020). The long-term effect of renewable electricity on employment in the United Kingdom. Renewable and Sustainable Energy Reviews 134:110322.
Crossref

 

Asif M, Bashir S, Khan S (2021). Impact of non-renewable and renewable energy consumption on economic growth: evidence from income and regional groups of countries. Environmental Science and Pollution Research 28:38764-38773.
Crossref

 

Awodumi OB, Adewuyi AO (2020). The role of non-renewable energy consumption in economic growth and carbon emission: Evidence from oil-producing economies in Africa. Energy Strategy Reviews 27:100434.
Crossref

 

Azam A, Rafiq M, Shafique M, Zhang H, Ateeq M, Yuan J (2021). Analyzing the relationship between economic growth and electricity consumption from renewable and non-renewable sources: Fresh evidence from newly industrialized countries. Sustainable Energy Technologies and Assessments 44:100991.
Crossref

 

Azretbergenova G, Syzdykov B, Niyazov T, Gulzhan T, Yskak N (2021). The relationship between renewable energy production and employment in European union countries: panel data analysis. International Journal of Energy Economics and Policy 11:20-26.
Crossref

 

Bhattacharya M, Churchill SA, Paramati SR (2017). The dynamic impact of renewable energy and institutions on economic output and CO2 emissions across regions. Renew Energy 111:157-167.
Crossref

 

Bibi A, Li XM (2022). The asymmetric dilemma of renewable energy, financial development, and economic growth: fresh evidence from Pakistan. Environmental Science and Pollution Research 29:31797-31806.
Crossref

 

Bulut U, Muratoglu G (2018). Renewable energy in Turkey: Great potential, low but increasing utilization, and an empirical analysis on renewable energy-growth nexus. Energy Policy 123:240-250.
Crossref

 

Chen C, Pinar M, Stengos T (2020). Renewable energy consumption and economic growth nexus: Evidence from a threshold model. Energy Policy 139:111295.
Crossref

 

Deka A, Dube S (2021). Analyzing the causal relationship between exchange rate, renewable energy and inflation of Mexico (1990-2019) with ARDL bounds test approach. Renew Energy Focus 37:78-83.
Crossref

 

Dickey DA, Fuller WA (1979). Distribution of the Estimators for Autoregressive Time Series with a Unit Root. Journal of the American Statistical Association, pp. 427-431.
Crossref

 

Dimnwobi SK, Madichie CV, Ekesiobi C, Asongu SA (2022). Financial development and renewable energy consumption in Nigeria. Renew Energy 192:668-677.
Crossref

 

Dogan E (2015). The relationship between economic growth and electricity consumption from renewable and non-renewable sources: A study of Turkey. Renewable and Sustainable Energy Reviews 52:534-546.
Crossref

 

Doytch N, Narayan S (2021). Does transitioning towards renewable energy accelerate economic growth? An analysis of sectoral growth for a dynamic panel of countries. Energy 235:121290.
Crossref

 

Enerdata (2023). Angola Energy Report. The Ministry of Mineral Resources, Oil, and Gas (MIREMPET) and the Ministry of Energy and Water (MINEA).

 

Ferroukhi R, Renner M, García-Baños C, Khalid A (2019). Renewable Energy and Jobs: Annual Review. International Renewable Energy Agency (IRENA), Abu Dhabi, United Arab Emirates.

 

Harris R, Sollis R (2003). Applied Time Series Modelling and Forecasting. J. Wiley, Chichester, West Sussex, England; Hoboken, NJ.

 

?nal V, Addi HM, Çakmak EE, Torusda? M, Çal??kan M (2022). The nexus between renewable energy, CO2 emissions, and economic growth: Empirical evidence from African oil-producing countries. Energy Report 8:1634-1643.
Crossref

 

International Energy Agency (2019). Africa Energy Outlook 2019 - Angola (World Energy Outlook Special Report). International Energy Agency (IEA), France.

 

IRENA (2020). Renewable Energy and Jobs - Annual Review 2020. International Renewable Energy Agency, Abu Dhabi.

 

IRENA (2018). Renewable Energy and Jobs - Annual Review 2018. International Renewable Energy Agency, Abu Dhabi.

 

IRENA (2013). Renewable Energy and Jobs. International Renewable Energy Agency, Abu Dhabi.

 

IRENA (2014). Renewable Energy and Jobs: Annual Review. International Renewable Energy Agency, Abu Dhabi.

 

IRENA, ILO (2022). Renewable energy and Jobs: Annual review 2022. International Renewable Energy Agency, Abu Dhabi and International Labour Organization, Geneva.

 

Ivanovski K, Hailemariam A, Smyth R (2021). The effect of renewable and non-renewable energy consumption on economic growth: Non-parametric evidence. Journal of Cleaner Production 286:124956.
Crossref

 

Jalil A, Ma Y (2008). Financial development and economic growth: Time series evidence from Pakistan and China. Journal of Economic Cooperation and Development 29:29-68.

 

Keshavarzian M, Tabatabaienasab Z (2021). Application of Bootstrap Panel Granger Causality Test in Determining the Relationship between Renewable and Non-Renewable Energy Consumption and Economic Growth: a Case Study of OPEC Countries. Technology and Economics of Smart Grids and Sustainable Energy 6:10.
Crossref

 

Lehr U, Mönnig A, Missaoui R, Marrouki S, Salem GB (2016). Employment from Renewable Energy and Energy Efficiency in Tunisia - New Insights, New Results. Energy Procedia 93:223-228.
Crossref

 

Magazzino C (2017). Renewable Energy Consumption-Economic Growth Nexus in Italy. International Journal of Energy Economics and Policy 7:10.

 

Maji IK (2015). Does clean energy contribute to economic growth? Evidence from Nigeria. Energy Rep 1:145-150.
Crossref

 

Maji IK, Sulaiman C, Abdul-Rahim AS (2019). Renewable energy consumption and economic growth nexus: A fresh evidence from West Africa. Energy Report 5:384-392.
Crossref

 

Mirza FM, Kanwal A (2017). Energy consumption, carbon emissions and economic growth in Pakistan: Dynamic causality analysis. Renewable and Sustainable Energy Reviews 72:1233-1240.
Crossref

 

Mu Y, Cai W, Evans S, Wang C, Roland-Holst D (2018). Employment impacts of renewable energy policies in China: A decomposition analysis based on a CGE modeling framework. Applied Energy 210:256-267.
Crossref

 

Muazu A, Yu Q, Liu Q (2022). Does renewable energy consumption promote economic growth? An empirical analysis of panel threshold based on 54 African countries. International Journal of Energy Sector Management 17(1):106-127.
Crossref

 

Musah M, Kong Y, Mensah IA, et al (2020). The link between carbon emissions, renewable energy consumption, and economic growth: A heterogeneous panel evidence from West Africa. Environmental Science and Pollution Research 27:28867-28889.
Crossref

 

Namahoro JP, Wu Q, Xiao H, Zhou N (2021). The asymmetric nexus of renewable energy consumption and economic growth: New evidence from Rwanda. Renew Energy 174:336-346.
Crossref

 

Narayan S, Doytch N (2017). An investigation of renewable and non-renewable energy consumption and economic growth nexus using industrial and residential energy consumption. Energy Economics 68:160-176.
Crossref

 

Nasirov S, Girard A, Peña C, Salazar F, Simon F (2021). Expansion of renewable energy in Chile: Analysis of the effects on employment. Energy 226:120410.
Crossref

 

Nkoro E, Uko AK (2016). Autoregressive Distributed Lag (ARDL) cointegration technique: Application and interpretation. Journal of Statistical and Econometric Methods 5:63-91.

 

Pesaran MH, Shin Y (1997). An Autoregressive Distributed-Lag Modelling Approach to Cointegration Analysis. In: Econometrics and Economic Theory in the 20th Century: The Ragnar Frisch Centennial Symposium. Cambridge University Press, New York, pp. 371-413.
Crossref

 

Pesaran MH, Shin Y, Smith RJ (2001). Bounds testing approaches to the analysis of level relationships. Journal of Applied Economics 16:289-326.
Crossref

 

Phillips PCB, Perron P (1988). Testing for a unit root in time series regression. Biometrika 75:335-346.
Crossref

 

Proença S, Fortes P (2020). The social face of renewables: Econometric analysis of the relationship between renewables and employment. Energy Report 6:581-586.
Crossref

 

Rahman MM, Velayutham E (2020). Renewable and non-renewable energy consumption-economic growth nexus: New evidence from South Asia. Renew Energy 147:399-408.
Crossref

 

Renner M (2017). Rural renewable energy investments and their impact on employment. International Labour Organization.

 

Salari M, Kelly I, Doytch N, Javid RJ (2021). Economic growth and renewable and non-renewable energy consumption: Evidence from the U.S. states. Renew Energy 178:50-65.
Crossref

 

Sari A, Akkaya M (2016). Contribution of Renewable Energy Potential to Sustainable Employment. Procedia - Social and Behavioral Sciences 229:316-325.
Crossref

 

Sharma A, Dharwal M, Kumari T (2021a). Renewable energy for sustainable development: A comparative study of India and China. Materials Today: Proceedings. S2214785321060843.
Crossref

 

Sharma GD, Tiwari AK, Erkut B, Mundi HS (2021b). Exploring the nexus between non-renewable and renewable energy consumptions and economic development: Evidence from panel estimations. Renewable and Sustainable Energy Reviews 146:111152.
Crossref

 

Somoye OA, Ozdeser H, Seraj M (2022). The impact of renewable energy consumption on economic growth in Nigeria: fresh evidence from a non-linear ARDL approach. Environmental Science and Pollution Research 29:62611-62625.
Crossref

 

Sun C, Zhang F, Xu M (2017). Investigation of pollution haven hypothesis for China: An ARDL approach with breakpoint unit root tests. Journal of Cleaner Production 161:153-164.
Crossref

 

Tang TC (2016). ARDL Cointegration Tests for Beginner. Department of Economics, Faculty of Economics and Administration, Malaysia.

 

Toumi S, Toumi H (2019). Asymmetric causality among renewable energy consumption, CO2 emissions, and economic growth in KSA: evidence from a non-linear ARDL model. Environmental Science and Pollution Research 26:16145-16156.
Crossref

 

Tuna G, Tuna VE (2019). The asymmetric causal relationship between renewable and non-renewable energy consumption and economic growth in the ASEAN-5 countries. Resources Policy 62:114-124.
Crossref

 

Ummalla M, Samal A (2019). The impact of natural gas and renewable energy consumption on CO2 emissions and economic growth in two major emerging market economies. Environmental Science and Pollution Research 26:20893-20907.
Crossref

 

Xie F, Liu Y, Guan F, Wang N (2020). How to coordinate the relationship between renewable energy consumption and green economic development: from the perspective of technological advancement. Environmental Sciences Europe 32:71.
Crossref