Why Renewable Energy Use Is worth for East African Community (EAC) Countries’ Economies

Byiringiro Enock, Byiringiro Enock, Yu Qian

2021

Abstract

The positive impact of renewable energy use to spur the economic growth is being scrutinized to assess its economic impacts apart from its convenience to health conditions. This article investigates the direction of causation between renewable energy consumption and economic growth in 5 countries of East African Community (EAC) for the period of 1990Q1 to 2014Q4 due to the data availability. The analysis uses the panel ARDL approach and Pairwise Dumitrescu- Hurlin(2012) Panel Causality to study the interdependence between the use of renewable energy and economic growth in a bid to adequately inform related policies and initiatives in EAC. The findings strongly support the feedback hypothesis as well as the nexus between renewable energy use and economic growth in EAC for sampled period. Thus, policies that cheer joint projects to increase the renewable energy in the region, should be encouraged to harmlessly secure sustainable economic growth and environment protection as well as health.

Paper Citation

in Harvard Style

Enock B. and Qian Y. (2021). Why Renewable Energy Use Is worth for East African Community (EAC) Countries’ Economies. In Proceedings of the 1st International Joint Conference on Energy and Environmental Engineering - Volume 1: CoEEE, ISBN 978-989-758-599-9, pages 51-56. DOI: 10.5220/0011357800003355

in Bibtex Style

@conference{coeee21,
author={Byiringiro Enock and Yu Qian},
title={Why Renewable Energy Use Is worth for East African Community (EAC) Countries’ Economies},
booktitle={Proceedings of the 1st International Joint Conference on Energy and Environmental Engineering - Volume 1: CoEEE,},
year={2021},
pages={51-56},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0011357800003355},
isbn={978-989-758-599-9},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 1st International Joint Conference on Energy and Environmental Engineering - Volume 1: CoEEE,
TI - Why Renewable Energy Use Is worth for East African Community (EAC) Countries’ Economies
SN - 978-989-758-599-9
AU - Enock B.
AU - Qian Y.
PY - 2021
SP - 51
EP - 56
DO - 10.5220/0011357800003355