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The asymmetric nexus of renewable energy consumption and economic growth: New evidence from Rwanda

机译:可再生能源消费和经济增长的不对称Nexus:来自卢旺达的新证据

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Existing studies on the impact of renewable energy consumption on economic growth, which was conducted in either middle/high-income countries or mixed sampled countries, produce the effect, but unfeasible in low-income countries. This study examines the asymmetric nexus of renewable energy consumption and economic growth, and the impact of agriculture and capital on economic growth by employing a non-linear autoregressive distributed lagged model (NARDL) and causality test from 1990 to 2015 in Rwanda. The results show evidence that renewable energy consumption affects economic growth. Asymmetric causality relationship, which is running from positive shocks renewable energy consumption to economic growth is noted. Furthermore, the unidirectional causality effect flowing from both agriculture and capital to economic growth for both positive and negative shocks is obtained. Therefore, the Government of Rwanda needs to realize positive economic growth from its investment in renewable energy consumption and agriculture as prior sectors of development.(c) 2021 Elsevier Ltd. All rights reserved.
机译:现有研究可再生能源消费对中/高收入国家或混合采样国家进行的经济增长的影响,产生了效果,但在低收入国家不可行。本研究探讨了可再生能源消费和经济增长的不对称Nexus,以及农业和资本通过在卢旺达的1990年至2015年的非线性自回归分布滞后模型(NARDL)和因果关系试验。结果表明,可再生能源消耗影响经济增长。不对称因果关系,从积极的冲击奔跑的可再生能源消耗到经济增长。此外,获得了从农业和资本流动到正负冲击的经济增长的单向因果关系。因此,卢旺达政府需要实现其对可再生能源消费和农业投资的积极经济增长,作为现有发展部门。(c)2021 elestvier有限公司保留所有权利。

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