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Energy Reports
Article . 2023 . Peer-reviewed
License: CC BY
Data sources: Crossref
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Energy Reports
Article . 2023
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Modelling dynamic links among energy transition, technological level and economic development from the perspective of economic globalisation: Evidence from MENA economies

Authors: Mona Alariqi; Wei Long; Prabhat Ranjan Singh; Abdo Al-Barakani; Abdullahi Muazu;

Modelling dynamic links among energy transition, technological level and economic development from the perspective of economic globalisation: Evidence from MENA economies

Abstract

It is patently obvious that renewable energy sources like solar and wind play a crucial part in preventing environmental degradation. This research analyses the interplay between energy transitions, technology, disaggregated energy consumption, and long-term economic growth in 21 states of the Middle East and North Africa countries (MENA). Using cutting-edge econometric techniques, the study conduct empirical research covering the years 1997–2021 and uncover persistent connections between the variables of interest. In a long-run analysis, energy transitions (ET), economic globalization (EG), technology (T), consumption of renewable energy (RE), and consumption of non-renewable energy (NRE) positively impact economic growth (EGR), while natural resources (N) exhibit no effects on economic growth. In the short-run analysis, energy transitions, economic globalization, and natural resources, on the other hand, revealed negative impacts on economic growth. Whereas other variables like technology, consumption of renewable energy, and consumption of non-renewable energy showed no effects on the economy’s growth in the short term analysis. Policymakers in MENA countries are urged to lower carbon costs and taxes, work together more on R&D, bring technologies with low CO2 emissions to market, cut subsidies for non-renewable sources, set up a framework for the spread of new technologies, and adopt a green trade strategy in order to achieve sustainable development.

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Keywords

Energy consumption, Bond estimation (ABE), Electrical engineering. Electronics. Nuclear engineering, Dumitrescu and Hurlin, Cross sectional dependency, TK1-9971

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    Top 10%
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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
16
Top 10%
Average
Top 10%
gold