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The energy consumption structure and African EMDEs' sustainable development
This research evaluates the importance of renewable power and conventional fuels consumption in the economic growth of 20 African EMDEs towards sustainable development. Due to the evidence of slope heterogeneity alongside cross-sectional dependence, the author applies second-generational econometric...
Autores principales: | , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Elsevier
2020
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7191208/ https://www.ncbi.nlm.nih.gov/pubmed/32373735 http://dx.doi.org/10.1016/j.heliyon.2020.e03822 |
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author | Le, Hoang Phong Van, Dang Thi Bach |
author_facet | Le, Hoang Phong Van, Dang Thi Bach |
author_sort | Le, Hoang Phong |
collection | PubMed |
description | This research evaluates the importance of renewable power and conventional fuels consumption in the economic growth of 20 African EMDEs towards sustainable development. Due to the evidence of slope heterogeneity alongside cross-sectional dependence, the author applies second-generational econometric techniques for heterogeneous panel data. After detecting the long-term relationship among all variables using Westerlund panel-data cointegration test, the long-run estimates are computed by AMG, MG and CCEMG estimators, which indicates that nonrenewable and renewable energy usage fosters African EMDEs' economic growth. Besides, capital, government expenditure, and trade openness also encourage economic growth. Moreover, the causality analysis (using Dumitrescu and Hurlin test) supports the feedback effects among the selected variables and economic growth. The findings provide critical implications for sustainable energy policies that contribute to the sustainable development of African EMDEs. |
format | Online Article Text |
id | pubmed-7191208 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2020 |
publisher | Elsevier |
record_format | MEDLINE/PubMed |
spelling | pubmed-71912082020-05-05 The energy consumption structure and African EMDEs' sustainable development Le, Hoang Phong Van, Dang Thi Bach Heliyon Article This research evaluates the importance of renewable power and conventional fuels consumption in the economic growth of 20 African EMDEs towards sustainable development. Due to the evidence of slope heterogeneity alongside cross-sectional dependence, the author applies second-generational econometric techniques for heterogeneous panel data. After detecting the long-term relationship among all variables using Westerlund panel-data cointegration test, the long-run estimates are computed by AMG, MG and CCEMG estimators, which indicates that nonrenewable and renewable energy usage fosters African EMDEs' economic growth. Besides, capital, government expenditure, and trade openness also encourage economic growth. Moreover, the causality analysis (using Dumitrescu and Hurlin test) supports the feedback effects among the selected variables and economic growth. The findings provide critical implications for sustainable energy policies that contribute to the sustainable development of African EMDEs. Elsevier 2020-04-26 /pmc/articles/PMC7191208/ /pubmed/32373735 http://dx.doi.org/10.1016/j.heliyon.2020.e03822 Text en © 2020 The Author(s) http://creativecommons.org/licenses/by/4.0/ This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/). |
spellingShingle | Article Le, Hoang Phong Van, Dang Thi Bach The energy consumption structure and African EMDEs' sustainable development |
title | The energy consumption structure and African EMDEs' sustainable development |
title_full | The energy consumption structure and African EMDEs' sustainable development |
title_fullStr | The energy consumption structure and African EMDEs' sustainable development |
title_full_unstemmed | The energy consumption structure and African EMDEs' sustainable development |
title_short | The energy consumption structure and African EMDEs' sustainable development |
title_sort | energy consumption structure and african emdes' sustainable development |
topic | Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7191208/ https://www.ncbi.nlm.nih.gov/pubmed/32373735 http://dx.doi.org/10.1016/j.heliyon.2020.e03822 |
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