The impact of renewable energy on economic growth: Evidence and policy implications for the MENA region

Conference contribution
(Abstract of lecture)


Publication Details

Author(s): Dees P, Auktor G
Publication year: 2016
Language: English


Abstract


Using panel estimation methods, we assess the impact of electricity generation from renewable energy sources on economic growth in the MENA region, and we identify variables explaining differences in renewable electricity deployment in the region. Our results show that the effect of increasing renewable electricity generation on growth is positive, while capacity expansion has no significant effect on growth. Renewable electricity deployment is mainly explained by differences in oil and gas reserves, with a higher usage of renewables in those countries highly dependent on imports of conventional fuels, and by a sound financial system with negligible government intervention. These results suggest that for MENA countries, to capture a larger share of benefits associated with renewable energy deployment, policymakers should enhance investments in this emerging sector.



FAU Authors / FAU Editors

Auktor, Georgeta Prof.
Professur für Gegenwartsbezogene Orientforschung
Dees, Philipp Dr.
Lehrstuhl für Volkswirtschaftslehre


How to cite

APA:
Dees, P., & Auktor, G. (2016). The impact of renewable energy on economic growth: Evidence and policy implications for the MENA region. Paper presentation at Environmental Challenges in the MENA Region: The Long Road from Conflict to Cooperation, London, GB.

MLA:
Dees, Philipp, and Georgeta Auktor. "The impact of renewable energy on economic growth: Evidence and policy implications for the MENA region." Presented at Environmental Challenges in the MENA Region: The Long Road from Conflict to Cooperation, London 2016.

BibTeX: 

Last updated on 2018-19-04 at 03:39