Conference contribution
(Abstract of lecture)


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


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

Event details
Event: Environmental Challenges in the MENA Region: The Long Road from Conflict to Cooperation
Event location: London
Start date of the event: 12/10/2016
End date of the event: 13/10/2016
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.



Focus Area of Individual Faculties


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.

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