The impact of renewable energy on economic growth in the Southern African Power Pool (SAPP)

References

• Abegunrin, O. 2009. Southern African Development Community and the New South Africa. In Africa in global politics in the twenty-first century, New York: Palgrave Macmillan. doi:10.1057/9780230623903.
   Google Scholar
• Adewuyi, A. O., and O. B. Awodumi. 2017. Biomass energy consumption, economic growth and carbon emissions: Fresh evidence from West Africa using a simultaneous equation model. Energy 119 (2017):453–17. doi:10.1016/j.energy.2016.12.059.
   Google Scholar
• African union. 2015. Agenda 2063 the Africa we want. Addis Ababa: African Union. Accessed on 11 May 2023. https://au.int/en/agenda2063/overview.
   Google Scholar
• Ahlgren, M. 2015. Internal market risk modelling for power trading companies. Master Thesis in Financial Mathematics. Stockholm: Royal Institute of Technology. Accessed on 11 May 2023. https://www.math.kth.se/matstat/seminarier/reports/M-exjobb15/150928b.pdf.
   Google Scholar
• Akadiri, S. S., and T. S. Adebayo. 2022. Asymmetric nexus among financial globalization, non-renewable energy, renewable energy use, economic growth, and carbon emissions: Impact on environmental sustainability targets in India. Environmental Science and Pollution Research 29 (11):16311–23. doi:10.1007/s11356-021-16849-0.
   PubMed Web of Science ®Google Scholar
• Al-Mulali, U., H. G. Fereidouni, and J. Y. Lee. 2014. Electricity consumption from renewable and non-renewable sources and economic growth: Evidence from Latin American countries. Renewable and Sustainable Energy Reviews 30 (c):90–298. doi:10.1016/j.rser.2013.10.006.
   Google Scholar
• Azam, M., A. Q. Khan, B. Bakhtyar, and C. Emirullah. 2015. The causal relationship between energy consumption and economic growth in the ASEAN-5 countries. Renewable and Sustainable Energy Reviews 47:732–45. doi:10.1016/j.rser.2015.03.023.
   Web of Science ®Google Scholar
• Azam, A., M. Rafiq, M. Shafique, and J. Yuan. 2021. Renewable electricity generation and economic growth nexus in developing countries: An ARDL approach. Economic Research-Ekonomska Istraživanja 34 (1):2423–46. doi:10.1080/1331677X.2020.1865180.
   Web of Science ®Google Scholar
• Bacon, R., and M. Kojima 2016. Energy, economic growth, and poverty reduction. World Bank Working Paper, 104866.
   Google Scholar
• Bhattacharya, M., S. R. Paramati, I. Ozturk, and S. Bhattacharya. 2016. The effect of renewable energy consumption on economic growth: Evidence from top 38 countries. Applied Energy 162 (c):733–41. doi:10.1016/j.apenergy.2015.10.104.
   Google Scholar
• Can, H., and Ö. Korkmaz. 2019. The relationship between renewable energy consumption and economic growth: The case of Bulgaria. International Journal of Energy Sector Management 13 (3):573–89. doi:10.1108/IJESM-11-2017-0005.
   Web of Science ®Google Scholar
• Caraiani, C., C. I. Lungu, and C. Dascalu. 2015. Energy consumption and GDP causality: A three step analysis for emerging European Countries. Renewable and Sustainable Energy Review 44 (c):198–210. doi:10.1016/j.rser.2014.12.017.
   Google Scholar
• Cawthra, G. 2010. The role of SADC in managing political crisis and conflict. In FES peace and security series. Maputo, Mozambique: Friedrich Ebert Stiftung. http://library.fes.de/pdf-files/bueros/mosambik/07874.pdf.
   Google Scholar
• Chang, T., H. P. Chu, and W. Y. Chen. 2013. Energy consumption and economic growth in 12 Asian countries: Panel data analysis. Applied Economics Letters 20 (3):282–87. doi:10.1080/13504851.2012.692869.
   Web of Science ®Google Scholar
• D’Alisa, G., F. Demaria, and G. Kallis. 2014. Degrowth: A vocabulary for a new era. Oxfordshire: Routledge. doi:10.4324/9780203796146.
   Google Scholar
• Daoud, J. I. 2017. Multicollinearity and regression analysis. Journal of Physics 949 (1):012009. doi:10.1088/1742-6596/949/1/012009.
   Google Scholar
• Demir, S. 2022. Comparison of normality tests in terms of sample sizes under different skewness and Kurtosis coefficients. International Journal of Assessment Tools in Education 9 (2):397–409. doi:10.21449/ijate.1101295.
   Web of Science ®Google Scholar
• Dvorak, P., S. Martinat, D. V. der Horst, B. Frantald, and K. Turečkova. 2017. Renewable energy investment and job creation; a cross-sectoral assessment for the Czech Republic with reference to EU benchmark. Renewable and Sustainable Energy Reviews 69:360–68. doi:10.1016/j.rser.2016.11.158.
   Web of Science ®Google Scholar
• Economic Consulting Associates (ECA). 2009. The potential of regional power sector integration: Literature review. Energy Sector Management Assistance Program (ESMAP); Brief note 004/10. Washington: World Bank. Accessed 11 May 2023. https://openknowledge.worldbank.org/handle/10986/17501.
   Google Scholar
• Ergun, S. J., P. A. Owusu, and M. F. Rivas. 2019. Determinants of renewable energy consumption in Africa. Environmental Science and Pollution Research 26 (15):15390–405. doi:10.1007/s11356-019-04567-7.
   PubMed Web of Science ®Google Scholar
• Freedman, B. 2018. Environmental science: A Canadian perspective. Halifax: Press books, Dalhousie University Libraries.
   Google Scholar
• Fu, Q., S. Álvarez-Otero, M. S. Sial, U. Comite, P. Zheng, S. Samad, and J. Oláh. 2021. Impact of renewable energy on economic growth and CO2 emissions-evidence from BRICS countries. Processes 9 (8):1281. doi:10.3390/pr9081281.
   Web of Science ®Google Scholar
• Ghoshray, A., Y. Mendoza, M. Monfort, and J. Ordoñez. 2018. Re-assessing causality between energy consumption and economic growth. PLoS ONE 13 (11):e0205671. doi:10.1371/journal.pone.0205671.
   PubMed Web of Science ®Google Scholar
• Grosse-Puppendahl, S., S. Bilal, and K. Karaki 2017. The EU’s financial instruments for access to energy in sub-Saharan Africa. Discussion Paper 218. Maastricht: ECDPM.
   Google Scholar
• IHSEViews, 2022. NARDL in Eviews 13: A study of bosnia’s tourism sector. https://blog.eviews.com/2022/09/nardl-in-eviews-13-study-of-bosnias.html
   Google Scholar
• Im, K. S., M. H. Pesaran, and Y. Shin. 2003. Testing for unit roots in heterogeneous panels. Journal of Econometrics 115 (1):53–74. doi:10.1016/S0304-4076(03)00092-7.
   Web of Science ®Google Scholar
• Inglesi-Lotz, R. 2016. The impact of renewable energy consumption to economic growth: A panel data application. Energy Economics 53 (1):58–63. doi:10.1016/j.eneco.2015.01.003.
   Google Scholar
• Kanu, S. I., and B. A. Ozurumba. 2014. Capital formation and economic growth in Nigeria. Global Journal of Human-Social Science: Economics 14 (4):43–58.
   Google Scholar
• Kasman, A., and Y. S. Duman. 2015. CO2 emissions, economic growth, energy consumption, trade and urbanization in new EU member and candidate countries: A panel data analysis. Economic Modelling 44 (C):97–103. doi:10.1016/j.econmod.2014.10.022.
   Web of Science ®Google Scholar
• Keen, S., R. U. Ayres, and R. Standish. 2019. A note on the role of energy in production. Ecological Economics 157 (C):40–46. doi:10.1016/j.ecolecon.2018.11.002.
   Google Scholar
• Khan, S. A. R., Z. Yu, A. Sharif, and H. Golpîra. 2020. Determinants of economic growth and environmental sustainability in South Asian Association for Regional Cooperation: Evidence from panel ARDL. Environmental Science and Pollution Research 27 (C):45675–87. doi:10.1007/s11356-020-10410-1.
   PubMedGoogle Scholar
• Kinfack, E., and L. Bonga‐Bonga. 2022. The growth effect of trade openness on African countries: Evidence from using an instrumental variable panel smooth transition model. Bulletin of Economic Research 75 (2):366–79. doi:10.1111/boer.12360.
   Web of Science ®Google Scholar
• Lequiller, F., and D. Blades. 2014. Understanding National Accounts. Paris: OECD publishing. doi:10.1787/9789264214637-en.
   Google Scholar
• Levin, A., C. F. Lin, and C. S. J. Chu. 2002. Unit root tests in panel data: Asymptotic and finite-sample properties. Journal of Econometrics 108 (1):1–24. doi:10.1016/S0304-4076(01)00098-7.
   Web of Science ®Google Scholar
• Liew, V. K. S. 2004. Which lag length selection criteria should we employ? Economics Bulletin 3 (33):1–9.
   Google Scholar
• Liu, X., S. Zhang, and J. Bae. 2018. Renewable energy, trade, and economic growth in the Asia-Pacific region. Energy Sources, Part B: Economics, Planning, & Policy 13 (2):96–102. doi:10.1080/15567249.2017.1327994.
   Web of Science ®Google Scholar
• Montmasson-Clair, G., and B. Deonarain. 2019. Regional integration in southern Africa: A platform for electricity sustainability. Competition and regulation for inclusive growth in Southern Africa. file://143.160.81.13/CTX_Redirected_Data$/21924384/Downloads/COMPETITION%20LAW%20PDF.pdf Accessed 11 May 2023.
   Google Scholar
• Musaba, L. 2005. The development of the SAPP competitive electricity market. In 2005 IEEE Power Engineering Society Inaugural Conference and Exposition in Africa. 11-15 July, Durban. Accessed 11 May 2023. https://ieeexplore.ieee.org/abstract/document/1611812.
   Google Scholar
• Mwale, S. J. T. 2015. The Southern African Power Pool (SAPP) steady state security assessment using contingency analysis ( Doctoral dissertation). Pietermaritzburg: University of KwaZulu-Natal South Africa.
   Google Scholar
• Narayan, S. 2016. Predictability within the energy consumption–economic growth nexus: Some evidence from income and regional groups. Economic Modelling 54:515–21. doi:10.1016/j.econmod.2015.12.037.
   Web of Science ®Google Scholar
• Naseri, S. F., S. Motamedi, and M. Ahmadian. 2016. Study of mediated consumption effect of renewable energy on economic growth of OECD countries. Procedia Economics and Finance 100 (36):502–09. doi:10.1016/S2212-5671(16)30068-5.
   Google Scholar
• Neuhaus, L. 2016. Examined the renewable energy consumption-economic growth nexus in Sub-Saharan African countries. Honours Thesis. Iowa: University of Northern Iowa
   Google Scholar
• Ocal, O., and A. Aslan. 2013. Renewable energy consumption–economic growth nexus in Turkey. Renewable and Sustainable Energy Reviews 28:494–99. doi:10.1016/j.rser.2013.08.036.
   Web of Science ®Google Scholar
• Ogbor, J. O. 2009. Entrepreneurship in Sub-Saharan Africa: A strategic management perspective. Bloomington, IN: Authorhouse.
   Google Scholar
• Orcan, F. 2020. Parametric or non-parametric: Skewness to test normality for mean comparison. International Journal of Assessment Tools in Education 7 (2):255–65. doi:10.21449/ijate.656077.
   Web of Science ®Google Scholar
• Oțoiu, D. A. 2015. Key labour market indicators. main drivers and impact on other socio-economic phenomena. Doctoral dissertation. Bucharest University of Economic Studies, Bucharest.
   Google Scholar
• Peçe, M. A., S. Ceyhan, A. Kamacı, and V. Cengiz. 2023. The effects of renewable energy sources on Turkey's economic growth: ARDL estimation. Environmental Science and Pollution Research 30 (15):1–11. doi:10.1007/s11356-023-25479-7.
   PubMed Web of Science ®Google Scholar
• Qudrat-Ullah, H., and C. M. Nevo. 2021. The impact of renewable energy consumption and environmental sustainability on economic growth in Africa. Energy Reports 7 (C):3877–86. doi:10.1016/j.egyr.2021.05.083.
   Google Scholar
• Sakyi, D., J. Villaverdeb, and A. Mazab. 2015. Trade openness, income levels, and economic growth: The case of developing countries, 1970–2009. The Journal of International Trade & Economic Development 24 (6):860–82. doi:10.1080/09638199.2014.971422.
   Web of Science ®Google Scholar
• Schwerhoff, G., and S. Y. Mouhamadou. 2020. Renewable energy sources, especially solar, are ideal for meeting Africa’s electrical power needs. Renewable and Sustainable Energy Reviews 75 (C):393–401. doi:10.1016/j.rser.2016.11.004.
   Google Scholar
• Shafiei, S. 2013. Economic growth, energy consumption, and environment: assessing evidence from OECD countries. Doctoral dissertation. Bentley, Perth: Curtin University.
   Google Scholar
• Shahbaz, M., N. Loganathan, M. Zeshan, and K. Zaman. 2015. Does renewable energy consumption add in economic growth? An application of auto-regressive distributed lag model in Pakistan. Renewable and Sustainable Energy Reviews 100 (44):576–85. doi:10.1016/j.rser.2015.01.017.
   Google Scholar
• Shahbaz, M., C. Raghutla, K. R. Chittedi, Z. Jiao, and X. V. Vo. 2020. The effect of renewable energy consumption on economic growth: Evidence from the renewable energy country attractive index. Energy 207 (C):118–62. doi:10.1016/j.energy.2020.118162.
   Google Scholar
• Shakeel, M., M. M. Iqbal, and M. T. Majeed. 2014. Energy consumption, trade and GDP: A case study of South Asian Countries. Pakistan Development Review 53 (4):461–76. doi:10.30541/v53i4IIpp.461-476.
   Google Scholar
• Shinn, L. 2018. Renewable Energy: The Clean Facts. New York: NRDC. Accessed 11 May 2023 https://www.nrdc.org/stories/renewable-energy-clean-facts#sec-whatis.
   Google Scholar
• Shin, Y., B. Yu, and M. Greenwood-Nimmo. 2014 Modelling Asymmetric Cointegration and Dynamic Multipliers in a Nonlinear ARDL Framework. eds. Festschrift in Honor of Peter Schmidt Econometric Methods and Applications. New York, NY: Springer. 281–314. doi:10.1007/978-1-4899-8008-3_9. ISBN: 978-1-4899-8008-3.
   Google Scholar
• Singh, N., R. Nyuur, and B. Richmond. 2019. Renewable energy development as a driver of economic growth: Evidence from multivariate panel data analysis. Sustainability 11 (8):2418. doi:10.3390/su11082418.
   Web of Science ®Google Scholar
• Solow, R. M. 1956. A contribution to the theory of economic growth. The Quarterly Journal of Economics 70 (1):65–94. doi:10.2307/1884513.
   Web of Science ®Google Scholar
• Southern African Power Pool. 2015. Annual Report. Southern African Power Pool (SAPP). Harare: SAPP Accessed 14 March 2023 http://www.sapp.co.zw/areports.html.
   Google Scholar
• United Nations Framework Convention on Climate Change. 2022. The Paris Agreement. Germany: UNFCCC secretariat. Accessed 11 May 2023. https://unfccc.int/process-and-meetings/the-paris-agreement/the-paris-agreement.
   Google Scholar
• Vasylieva, T., Oleksii, L., Bilan, Y., and Streimikiene, D. 2019. Sustainable economic development and greenhouse gas emissions: The dynamic impact of renewable energy consumption, GDP, and corruption. Energies 12(17):3289
   Web of Science ®Google Scholar
• Wang, Q., Z. Dong, R. Li, and L. Wang. 2022. Renewable energy and economic growth: New insight from country risks. Energy 238:122018. doi:10.1016/j.energy.2021.122018.
   Web of Science ®Google Scholar
• Yang, C., J. P. Namahoro, Q. Wu, and H. Su. 2022. Renewable and non-renewable energy consumption on economic growth: Evidence from asymmetric analysis across countries connected to Eastern Africa Power Pool. Sustainability 14 (24):16735. doi:10.3390/su142416735.
   Web of Science ®Google Scholar