LAPSE:2023.28996
Published Article
LAPSE:2023.28996
The Impact of Renewable Energy, Economic and Population Growth on CO2 Emissions in the East African Region: Evidence from Common Correlated Effect Means Group and Asymmetric Analysis
Jean Pierre Namahoro, Qiaosheng Wu, Haijun Xiao, Na Zhou
April 12, 2023
Abstract
This study aims to examine the asymmetric nexus between CO2 emissions and renewable energy and economic and population growth in seven East African countries (EACs) at the regional level and country levels. Common correlated effect means group (CCEMG), nonlinear autoregressive distributed lagged (NARDL), and causality tests were employed for the panel data from 1980 to 2016. The main findings are as follows: (1) Renewable energy consumption negatively affects CO2 emissions, while economic and population growth positively affect CO2 emissions at the regional level. (2) The findings of asymmetric and symmetric linkages between CO2 emissions and its determinants (economic and population growth and renewable energy) are very volatile across the country levels. (3) The causality hypotheses are different across the country and regional levels. (4) This study shows the renewable energy growth nexus, wherein renewable energy positively affects economic growth at the regional level. Lastly, the study suggests potential policy implications for effectively reducing CO2 emissions as well as growing the economy at the regional level.
Keywords
asymmetric analysis, CO2 emissions, common correlated effect means group, East African countries, economic growth, Renewable and Sustainable Energy
Suggested Citation
Namahoro JP, Wu Q, Xiao H, Zhou N. The Impact of Renewable Energy, Economic and Population Growth on CO2 Emissions in the East African Region: Evidence from Common Correlated Effect Means Group and Asymmetric Analysis. (2023). LAPSE:2023.28996
Author Affiliations
Namahoro JP: School of Economics and Management, China University of Geosciences, Wuhan 430074, China [ORCID]
Wu Q: School of Economics and Management, China University of Geosciences, Wuhan 430074, China
Xiao H: School of Mathematics and Physics, China University of Geosciences, Wuhan 430074, China
Zhou N: School of Economics and Management, China University of Geosciences, Wuhan 430074, China [ORCID]
Journal Name
Energies
Volume
14
Issue
2
Article Number
en14020312
Year
2021
Publication Date
2021-01-08
ISSN
1996-1073
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Original Submission
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PII: en14020312, Publication Type: Journal Article
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LAPSE:2023.28996
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https://doi.org/10.3390/en14020312
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