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The impact of renewable energy consumption on inclusive growth: panel data analysis in 44 African countries

机译:可再生能源消耗对包容性增长的影响:44个非洲国家的面板数据分析

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Energy needs are growing in Africa. The continent is rich in renewable energy resources, and the majority of countries are willing to change their energy regime by moving to the development and increased use of renewable energy. Increasing the share of renewable energy in the total energy mix is one way to improve the quality of economic growth. However, although economic growth has improved in Africa, it has not necessarily translated into sustained poverty reduction and equitable sharing. It is therefore important that the benefits of modern and renewable energy are captured by all. In that perspective, this research aims to explore the potential impact of renewable energy consumption on inclusive growth in 44 African countries. To do this, a dynamic panel data model is estimated with the System Generalized Method of Moments for a period covering 1991-2015. Focusing on inclusive growth that increases the size of the economy and creates employment opportunities for different segments of society, the main finding of the study is that renewable energy consumption has a significant positive impact on inclusive growth in Africa, particularly in African countries experiencing low levels of inclusive growth. Thus, if African countries succeed in making the transition to renewable energy effective, then incredible gains in inclusive growth could be captured, especially in countries with low levels of inclusive growth.
机译:能源需求在非洲增长。该大陆的可再生能源丰富,大多数国家愿意通过转向发展和增加可再生能源的发展来改变能源制度。增加可再生能源在总能源混合中的份额是提高经济增长质量的一种方式。但是,虽然非洲经济增长有所改善,但它并不一定转化为持续贫困和公平分担。因此,重要的是,所有人都捕获了现代和可再生能源的益处。在这种观点中,该研究旨在探讨可再生能源消费对44个非洲国家的包容性增长的潜在影响。为此,估计动态面板数据模型与系统通用的瞬间方法估算了1991 - 2015年的句点。专注于增加经济规模的包容性增长,为社会的不同部分创造就业机会,研究该研究的主要发现是,可再生能源消耗对非洲的包容性增长具有显着的积极影响,特别是在经历低水平的非洲国家包容性增长。因此,如果非洲国家成功地转型到可再生能源有效,那么可以捕获包容性增长的令人难以置信的收益,特别是在具有含有含量增长较低的国家。

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