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Dynamic Interaction between Renwable Energy Consumption and Sustainable Development: Evidence from Ecowas Region
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</div> <div class="col-sm-3"> <div class="card"> <div class="card-body"><strong>Paper Count:</strong> 87353</div> </div> </div> </div> <div class="card publication-listing mt-3 mb-3"> <h5 class="card-header" style="font-size:.9rem">Dynamic Interaction between Renwable Energy Consumption and Sustainable Development: Evidence from Ecowas Region</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Maman%20Ali%20%20M.%20Moustapha">Maman Ali M. Moustapha</a>, <a href="https://publications.waset.org/abstracts/search?q=Qian%20%20Yu"> Qian Yu</a>, <a href="https://publications.waset.org/abstracts/search?q=Benjamin%20Adjei%20%20%20Danquah"> Benjamin Adjei Danquah</a> </p> <p class="card-text"><strong>Abstract:</strong></p> This paper investigates the dynamic interaction between renewable energy consumption (REC) and economic growth using dataset from the Economic Community of West African States (ECOWAS) from 2002 to 2016. For this study the Autoregressive Distributed Lag- Bounds test approach (ARDL) was used to examine the long run relationship between real gross domestic product and REC, while VECM based on Granger causality has been used to examine the direction of Granger causality. Our empirical findings indicate that REC has significant and positive impact on real gross domestic product. In addition, we found that REC and the percentage of access to electricity had unidirectional Granger causality to economic growth while carbon dioxide emission has bidirectional Granger causality to economic growth. Our findings indicate also that 1 per cent increase in the REC leads to an increase in Real GDP by 0.009 in long run. Thus, REC can be a means to ensure sustainable economic growth in the ECOWAS sub-region. However, it is necessary to increase further support and investments on renewable energy production in order to speed up sustainable economic development throughout the region <iframe src="https://publications.waset.org/abstracts/118507.pdf" style="width:100%; height:400px;" frameborder="0"></iframe> <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=Economic%20Growth" title="Economic Growth">Economic Growth</a>, <a href="https://publications.waset.org/abstracts/search?q=Renewable%20Energy" title=" Renewable Energy"> Renewable Energy</a>, <a href="https://publications.waset.org/abstracts/search?q=Sustainable%20Development" title=" Sustainable Development"> Sustainable Development</a>, <a href="https://publications.waset.org/abstracts/search?q=Sustainable%20Energy" title=" Sustainable Energy"> Sustainable Energy</a> </p> <a href="https://publications.waset.org/abstracts/118507/dynamic-interaction-between-renwable-energy-consumption-and-sustainable-development-evidence-from-ecowas-region" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/118507.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">209</span> </span> </div> </div> </div> </main> <footer> <div id="infolinks" class="pt-3 pb-2"> <div class="container"> <div style="background-color:#f5f5f5;" class="p-3"> <div class="row"> <div class="col-md-2"> <ul class="list-unstyled"> About <li><a href="https://waset.org/page/support">About Us</a></li> <li><a href="https://waset.org/page/support#legal-information">Legal</a></li> <li><a target="_blank" rel="nofollow" href="https://publications.waset.org/static/files/WASET-16th-foundational-anniversary.pdf">WASET celebrates its 16th foundational 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