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Öğe Another look at energy consumption and environmental sustainability target through the lens of the load capacity factor: Accessing evidence from MINT economies(Wiley, 2024) Bekun, Festus Victor; Uzuner, Gizem; Meo, Muhammad Saeed; Yadav, AshutoshThe relationship between energy utilization and the environment is crucial in an era of environmental concerns by global economies and rising energy consumption. Emerging economies such as Mexico, Indonesia, Nigeria, and Turkey (hereafter, MINT) face complex trade-offs between economic growth and environmental sustainability. Strengthening this study are the UN Sustainable Development Goals prepositions on access to clean and alternative energy, decent economic growth, responsible production and consumption and climate action (UN-SDGs-7, 8, 12, and 13). The present study examines the environmental Kuznets curve (EKC) hypothesis for MINT economies within the framework of the load capacity factor (LCF). The article leverages panel econometrics to operationalize the relationship between study variables. Empirical findings show that the present study fails to confirm the presence of EKC. Thus, it implies that the MINT economies are at their first stage of accelerated economic growth which might result in an augmented ecological footprint and exert pressure on natural resources, as indicated by the observed negative outcome. Furthermore, there is a positive and significant relationship between renewable energy consumption (RENENG) and LCF. It implies that a 1% increase in RENENG leads to an increase in LCF of 0.70%. These outcomes indicate that the level of RENENG in MINT economies is not sufficient to mitigate climate change issues. Thus, from a policy perspective, there is a need for change in the MINT nations' energy portfolio mix, such as the need to switch from conventional energy sources (fossil fuels) to renewable energy sources, including solar, wind, photovoltaic and hydropower, which usually have a smaller negative impact on the environment. Furthermore, there is a need for investment in new and green energy technologies in the countries investigated to arrive at a clean and better ecosystem as desired. More insight is outlined in the concluding section.Öğe Asymmetric effect of environmental cost of forest rents in the Guinean forest-savanna mosaic: The Nigerian experience(SPRINGER HEIDELBERG, TIERGARTENSTRASSE 17, D-69121 HEIDELBERG, GERMANY, 2023) Usman, Ojonugwa; Alola, Andrew Adewale; Usman, Monday; Uzuner, GizemSeveral studies have identifed deforestation as a major cause of environmental degradation, but little is known about the asymmetric efect of the environmental cost of forest rents. To fll this gap, our study uses the nonlinear autoregressive distributed lag (NARDL) model and asymmetric causality test to examine the environmental implication of forest rents in the Guinean Forest-Savanna Mosaic of Nigeria over the period 1990:Q1 to 2016:Q4. The empirical results show that forest rents increase CO2 emissions when the shock to forest rents is positive and decreases CO2 emissions when the shock to forest rents is negative. The results further show evidence of asymmetric efects of crop production, fossil fuel energy consumption, and economic growth on CO2 emissions. Moreover, the efects of both positive and negative shocks in economic growth are elastic, suggesting that CO2 emissions respond in a larger magnitude to a 1% positive or negative shock in economic growth. While the positive shock to crop production and economic growth stimulates CO2 emissions, their negative shocks dampen CO2 emissions. In addition, the positive (negative) shocks to fossil energy consumption exert upward (downward) pressure on CO2 emissions. Furthermore, the asymmetric causality test divulges that a positive change in forest rents causes a negative change in CO2 emissions and a negative change in forest rents causes a positive change in CO2 emissions. Based on these fndings, the study recommends the need for policymakers to formulate sound policies to protect the forests and transit toward clean energy consumption to minimize energy-related CO2 emissions in the country.Öğe Boosting Energy Efficiency in Turkey: The Role of Public-Private Partnership Investment(MDPI, ST ALBAN-ANLAGE 66, CH-4052 BASEL, SWITZERLAND, 2023) Balcilar, Mehmet; Uzuner, Gizem; Nwani, Chinazaekpere; Bekun, Festus VictorThis study draws motivation from the United Nations Sustainable Development Goals (7.8.11), which highlight pertinent issues across the globe, among which are access to energy, responsible consumption, and sustainable development. To this end, we explored the pivotal role of public–private partnerships (PPP) investment in energy in Turkey, which is currently on an aggressive trajectory for its energy mix to energy efficiency. To avoid omitted variable bias in econometric strategies, we controlled for vital macroeconomic indicators such as foreign direct investment (FDI), trade flow, and economic growth. Empirical results showed a long-run equilibrium relationship between the outlined variables as traced by the autoregressive distributed lag (ARDL) bounds test. Subsequently, we observed a positive relationship between public–private partnership (PPP) investment in energy and the country’s energy intensification in both the short and long runs. A similar trend was observed between FDI, GDP growth, and energy intensity. These outcomes have inherent policy caveats for the Turkish energy sector and economic trajectory. Policy implications include efficient investment in clean energy (renewables) as part of Turkey’s effort toward energy intensification to guarantee sustainable development. Additionally, the involvement of PPP is a welcome dimension for sustainable economic growth. Further insights are documented in the concluding remarks.Öğe Demystifying the links between green technology innovation, economic growth, and environmental tax in ASEAN-6 countries: The dynamic role of green energy and green investment(ELSEVIER, RADARWEG 29, 1043 NX AMSTERDAM, NETHERLANDS, 2023) Sharif, Arshian; Kocak, Sinem; Khan, Hafizah Hammad Ahmad; Uzuner, Gizem; Tiwari, SunilGreen investment and technological advances are often regarded as efficient tools for carbon neutraliza-tion since they improve clean output and energy efficiency. To this end, this study aims to investigate the impact of renewable energy supply, green energy investment, environmental tax, and economic growth on green technology innovation in selected six Association of Southeast Asian Nations (ASEAN-6) coun-tries over the period of 1995-2018. Thus, present study employed the advanced panel approach which provides robust results under cross-sectional dependency and slope heterogeneity. Specifically, the long-run relationship is investigated by using Westerlund and Edgerton (2008) cointegration test, and the long and short-run estimations are analyzed with a robust CS-ARDL method. The empirical findings for both the long-run and short-run show that the impacts of green energy and green investment on green technology innovation are positive, yet stronger in the long run. Moreover, the results also confirm the positive effects of economic growth and environmental taxes on green technology innovation. Furthermore, the Augmented mean group (AMG) results are in line with the estimates of CS-ARDL anal-ysis. To accelerate green technology innovation in ASEAN-6 countries, incorporating the regulatory poli-cies fostering a continuous increase in the share of renewable energy supply and investments into the agenda of environmental technological progress is crucial.Öğe Do pandemics have an asymmetric effect on tourism in Italy?(Springer Science and Business Media B.V., 2021) Uzuner, Gizem; Ghosh, SudeshnaIn this study, the asymmetric Granger causality relationship between tourist arrivals and world pandemic uncertainty index is examined by controlling inflation, consumer confidence index, and industrial production for the period 2000M1 and 2020M1 in Italy. To the best of our knowledge, the current study is one of the few studies to investigate the relationship between tourist arrivals and world pandemic uncertainty in an asymmetric framework. The empirical results show that using the Granger causality test in a linear framework causes bias results due to misspecification. Therefore, the study relies on asymmetric Granger causality test results which reveal that the positive shock of world pandemic uncertainty Granger causes a negative shock of tourist arrivals. It is suggested that international tourist arrivals are sensitive to external shocks such as pandemics and in such instances the government of the concerned country can insulate the tourism-service and hospitality industry against the shocks by developing strategies to promote full information between all stakeholders. © 2020, Springer Nature B.V.Öğe Economic Policy Uncertainty and Tourism: Evidence from the Heterogeneous Panel(ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD, 2-4 PARK SQUARE, MILTON PARK, ABINGDON OX14 4RN, OXON, ENGLAND, 2019) Saint Akadiri, Seyi; Alola, Andrew Adewale; Uzuner, GizemIn this paper, we examine whether tourism predicts economic policy uncertainty or not in three regions of America, Europe, and Asia-pacific, using annual frequency panel data that consist of 12 countries in a multivariate Granger causality model that incorporates economic growth as an additional variable over the periods 1995-2016. Using the panel Granger causality method as advanced by Emirmahmutoglu and Kose [(2011). Testing for Granger causality in heterogeneous mixed panels. Economic Modelling, 28(3), 870-876.] that produces country-specific Granger causality test statistic and also controlled for heterogeneity in panel data, we found two-way causality relationship between ITAs and EPU in France, Ireland and United State, and one-way causality relationship from ITAs to EPU in Brazil, Canada, China and Germany and neutrality hypothesis in Chile, Japan, South Korea, Russia and Sweden, respectively. These results suggest tourism-economic policy uncertainty led-hypothesis and economic policy uncertainty-tourism led hypothesis with worthy policy implications for tourism destinations across the world.Öğe Effect of Battery Electric Vehicles on Greenhouse Gas Emissions in 29 European Union Countries(MDPI, ST ALBAN-ANLAGE 66, CH-4052 BASEL, SWITZERLAND, 2021) Fuinhas, Jose Alberto; Koengkan, Matheus; Leitao, Nuno Carlos; Nwani, Chinazaekpere; Uzuner, Gizem; Dehdar, Fatemeh; Relva, Stefania; Peyerl, DrielliThis analysis explored the effect of battery electric vehicles (BEVs) on greenhouse gas emissions (GHGs) in a panel of twenty-nine countries from the European Union (EU) from 2010 to 2020. The method of moments quantile regression (MM-QR) was used, and the ordinary least squares with fixed effects (OLSfe) was used to verify the robustness of the results. The MM-QR support that in all three quantiles, economic growth causes a positive impact on GHGs. In the 50th and 75th quantiles, energy consumption causes a positive effect on GHGs. BEVs in the 25th, 50th, and 75th quantiles have a negative impact on GHGs. The OLSfe reveals that economic growth has a negative effect on GHGs, which contradicts the results from MM-QR. Energy consumption positively impacts GHGs. BEVs negatively impacts GHGs. Although the EU has supported a more sustainable transport system, accelerating the adoption of BEVs still requires effective political planning to achieve net-zero emissions. Thus, BEVs are an important technology to reduce GHGs to achieve the EU targets of decarbonising the energy sector. This research topic can open policy discussion between industry, government, and researchers, towards ensuring that BEVs provide a climate change mitigation pathway in the EU region.Öğe Evaluation of ecological security for the Association of Southeast Asian Nations-5 countries: new evidence from the RALS unit root test(SPRINGER, VAN GODEWIJCKSTRAAT 30, 3311 GZ DORDRECHT, NETHERLANDS, 2022) Esenyel İçen, N. Melis; İçen, Hüseyin; Uzuner, GizemThe present study seeks to determine the convergence of the ecological footprint pressure index for the Association of Southeast Asian Nations (ASEAN-5) countries over the period of 1961–2017. For this purpose, traditional unit root tests in conjunction with residual augmented least squares (RALS) type unit root tests have been applied to examine the convergence of all countries under investigation. RALS type tests were chosen due to showing a significantly improved power over conventional tests that do not use information on non-normal errors. The traditional unit root results do not show support for the ecological footprint pressure index convergence of the highlighted ASEAN-5 blocs. However, the RALS type and nonlinear unit root tests results reveal that the ecological footprint pressure index became convergent. Thus, governments and policymakers need to adopt stricter policies to protect the environment. These results have a more far-reaching effect on energy and environmental security for the study region.Öğe An examination of the pass-through of disaggregated energy prices to real house price: Evidence from the United States(WILEY, 111 RIVER ST, HOBOKEN 07030-5774, NJ, 2021) Uzuner, Gizem; Usman, Ojonugwa; Alola, Andrew AdewaleOur study investigates the dynamic pass-through of energy prices (crude oil price, electricity price, natural gas price, and coal price) to real house price in the United States using the data from 1970 to 2017. Based on the autoregressive distributed lag (ARDL) model, the empirical results suggest an incomplete pass-through for all the energy prices to real house price both in the long run and short run except for longrun pass-through of crude oil price which is complete with statistically insignificant parameter. The Granger causality results reveal a feedback effect between natural gas price and real house price, output growth and real house price, natural gas price and crude oil price, coal price and electricity price, and output growth and coal price. In addition, a unidirectional causal relationship is found running from crude oil price, natural gas price, real house price, and coal price to electricity price. Again, we find that crude oil price is the cause of coal price in Granger sense. Therefore, our findings provide insights into proper design of energy policy that reduces the transmission of energy price shocks to house price in the United States.Öğe The housing market and agricultural land dynamics: Appraising with Economic Policy Uncertainty Index(WILEY, 111 RIVER ST, HOBOKEN 07030-5774, NJ USA, 2020) Alola, Andrew Adewale; Uzuner, GizemAgricultural land is a main component of the environment and ecological system. Therefore, this study employs the panel cointegration approach to investigate the dynamic relationship between the housing market vis-a-vis housing price (hp) and agricultural land (land) of a panel of 15 countries (countries with the gross domestic product-weighted average of the national Economic Policy Uncertainty index) over the period 1997-2015. Additionally, Granger causality approach of Dumitrescu-Hurlin is employed for the investigation. The model adjusts to the long-run equilibrium with an annual speed of 11% from any situation of disequilibrium and with elasticities of -3.97 and -0.67, respectively, for a land and Global Economic Policy Uncertainty (gepu). Meanwhile, the impact during a short run of gepu is statistically significant and positive on hp, whereas it is not significant for land. Interestingly, the investigation reveals Granger causality from agricultural land to the housing price with feedback. The research presents an indication that policymaker(s) and urbanization stakeholders should be more concern about effective and sustainable long-term policies. Future anomalies of food scarcity and skyrocketing house prices associated with agricultural land-house price trade-off challenges could potentially be mitigated by such effective policy frameworks.Öğe Housing price uncertainty and housing prices in the UK in a time-varying environment(SPRINGER, VAN GODEWIJCKSTRAAT 30, 3311 GZ DORDRECHT, NETHERLANDS, 2023) Balcilar, Mehmet; Uzuner, Gizem; Bekun, Festus Victor; Wohar, Mark E.This study ofers a new perspective on the dynamic causal relationship between housing price uncertainty and housing prices in a time-varying environment for the UK for the frst time in the literature. This study aims to investigate whether housing market uncertainty has any time-varying efect on housing prices between 1998:Q1 and 2019:Q2. A key distinction of this study is the use of a news-based housing price uncertainty index. This index measures uncertainty pertaining especially to the housing market in the UK. To this end, we include two main classes using timevarying parameter, rolling estimation and recursive rolling estimation for robustness analysis. Furthermore, we add economic policy uncertainty into the models to see whether housing market uncertainty has predictive power after controlling for economic policy uncertainty because housing market uncertainty may be largely driven by economic policy uncertainty and key macro-economic indicators. It turns out that there is a part of housing market uncertainty beyond economic policy uncertainty that helps to predict housing prices in UK. These outcomes are reinforced by the results of time-varying Granger causality tests that real housing price index is largely driven by the housing price uncertainty index. Furthermore, it is found that the uncertainty variables have a negative impact on real housing prices. This position calls for insolation in the housing market in UK from externalities such as housing price uncertainty.Öğe Housing sector and economic policy uncertainty: A GMM panel VAR approach(ELSEVIER, RADARWEG 29, 1043 NX AMSTERDAM, NETHERLANDS, 2021) Balcılar, Mehmet; Roubaud, David; Uzuner, Gizem; Wohar, Mark E.This study is aimed at examining the dynamic relationship between real housing prices (RHP) return and economic policy uncertainty (EPU) using a panel vector autoregressive (PVAR) approach and annual data for a panel of panel of 16 countries over the period 2004–2018. The study includes economic growth, short-term interest rate, and population as additional covariates. Empirical results show that a positive shock to EPU leads to a decrease in housing prices with EPU showing only a weak response to housing price shocks. This implies that EPU has a robust predictive power for the housing market, implying the need for evaluating the associated risks. The panel Granger causality tests indicate strong and robust Granger causality from the EPU to housing prices, but not vice versa. The causal links also indicate that the effect of the EPU on RHP is direct rather than indirect through other variables. Based on these outcomes, policy recommendations are made for real estate agents, portfolio managers, and policy makers.Öğe An investigation on the natural rate of crime rates with Fourier panel unit root test in selected emerging economies(EMERALD GROUP PUBLISHING LTD, HOWARD HOUSE, WAGON LANE, BINGLEY BD16 1WA, W YORKSHIRE, ENGLAND, 2022) Uzuner, Gizem; Yıldız, Bünyamin Fuat; Mercan, Murat Anıl; Wong, Wing-KeungPurpose – The specific objective of the study is to investigate the presence of natural rate of crime rates in selected emerging economies by using panel unit roots. The majority of the literature examines the issue using conventional unit root tests in a country-specific context. Meanwhile, there is no panel unit root investigation has been undertaken considering both cross-sectional dependence (CD) and structural changes. Design/methodology/approach – As a result, this study is to fill the aforementioned gap and validate the natural rate of crime rates for 10 countries by using a Fourier panel unit root test. The advantage of the test is that structural shifts are modelled as gradual or smooth changes with a Fourier approximation, and it also accounts cross-sectional dependency. Thus, the Fourier panel unit root test may have better performance in capturing potential changes in the nature of data. Findings – The result of the conventional unit roots test shows evidence of the hysteresis effect in crime, as it stands does not adequately account for smooth transitions or breaks. On contrary, the Fourier panel unit root test confirms the natural rate hypothesis in crime rates. The present results highlight the detrimental effects of crime cannot be abated by short-run deterrence policies. Originality/value – Contrary to previous studies, the theoretical implications of the study imply that the empirical models consider the dynamic nature of crime rates should account for natural rate properties instead of the hysteresis assumption.Öğe Japan energy mix and economic growth nexus: Focus on natural gas consumption(Sage Publications Ltd, 2024) Eweade, Babatunde S.; Uzuner, Gizem; Akadiri, Ada Chigozie; Lasisi, Taiwo TemitopeJapan's recent enunciation of a Free and Open Indo-Pacific policy aims to promote principles such as free trade, freedom of navigation, and encouraging economic prosperity with building commitment to stability and peace connecting the economic hub of Asia to Africa (MFA, 2019). Natural gas use continues to dominate Japan's energy mix despite efforts to improve environmental protection and attain the Sustainable Development Goals (SDGs). Also, increasing production and investment typically leads to a better quality of life and more disposable income for the populace, which promotes economic growth. To this end, the study investigates the relationship between economic growth, trade openness, and natural gas consumption, as well as gross fixed capital formation and carbon dioxide emissions to overcome omitted variable problems to explore the natural gas-economic growth hypothesis in Japan over the period 1980-2020. Empirical results reveal a long-run relationship among the variables under consideration. By applying the Toda and Yamamoto approach to Granger causality testing, a two-sided causality running from CO2 and economic growth was revealed, while a one-sided causality from economic growth to natural gas consumption. This outcome suggests that the natural gas-economic growth hypothesis is not valid for Japan. According to these outcomes, policymakers in the energy sector should consciously diversify their energy portfolio in line with the Sustainable Development Goals (SDGs) for Japan. Also, it is recommended that there should be a provision of access to skilled labor to increase productivity and export finished products to boost a nation's economy.Öğe Modeling the dynamic Nexus among coal consumption, pollutant emissions and real income: empirical evidence from South Africa(SPRINGER HEIDELBERG, TIERGARTENSTRASSE 17, D-69121 HEIDELBERG, GERMANY, 2020) Magazzino, Cosimo; Bekun, Festus Victor; Etokakpan, Mfonobong Udom; Uzuner, GizemThis study explores the interaction among coal consumption, pollutant emissions, and real income for South Africa in a multivariate setting. To achieve this objective, annual frequency data spanning from 1965 to 2017 is used for analysis. A series of econometrics tests were conducted ranging from stationarity and non-stationarity tests for unit root properties of the variables under consideration. Empirical evidence finds support for the inverted U-shaped pattern between energy consumption and environmental degradation in South Africa. The Toda-Yamamoto Granger causality test shows a feedback causality between economic growth and carbon dioxide emissions, as well as between GDP and coal consumption. All these highlighted findings have inherent environmental implications. Based on these outcomes, policy directions such as diversification of the South Africa energy mix to renewables and cleaner energy sources and also the adoption of carbon capturing and storage techniques were suggested to engender a cleaner and friendlier environment.Öğe Modeling tourism and fear nexus in G4 countries(ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD, 2-4 PARK SQUARE, MILTON PARK, ABINGDON OX14 4RN, OXON, ENGLAND, 2021) Alola, Andrew Adewale; Uzuner, Gizem; Akadiri, Seyi SaintIn this paper, we examine whether there is a causal relationship between migration-related fear and tourism. To achieve the objective, a lagaugmented vector autoregressive (LA-VAR) model that generates country-specific causality test results is employed. The period covered extends from 1995Q1 to 2016Q4. To control for omitted variable bias, we include real gross domestic product per capita as an additional variable. Empirical results provide evidence of one-way causality running from migration-related fear to tourism, and neutrality hypothesis is confirmed in the relationship between migration-related fear and economic growth, and between tourism and economic growth. Although the study confirms the fear-induced tourism hypothesis, it however further submits that other determinants such as exchange rates and real gross domestic product are much more important than fear in determining the number of arrivals at a destination.Öğe Modelling Coal Energy Consumption and Economic Growth: Does Asymmetry Matter in the Case of South Africa?(Hard, 2023) Bekun, Festus Victor; Etokakpan, Mfonobong Udom; Agboola, Mary Oluwatoyin; Uzuner, Gizem; Wada, IsahIn accordance with the Intergovernmental Panel on Climate Change (IPCC), Kyoto protocol and the United Nations Sustainable development goals (UNSDGs) on climate action (SDG-13), there has been a need across economies for transition from fossil-fuel-based energy sources such as coal energy consumption to cleaner energy options i.e., a transition to a low-carbon economy. To this end, the present study explores the asymmetric relationship between coal energy consumption, economic growth, rising urban population and emission level in South Africa. The present study span is conducted on an annual frequency basis from 1965-2018. This study applies the novel Non-linear Autoregressive distributed lag methodology (NARDL) for the highlighted variables. Empirical results validate the asymmetric relationship between the variables under review over the study period. The NARDL regression further shows positive shock by GDP increases CO2 emission level while negative impact affects otherwise in the long run. On the other hand, coal consumption positive shock exhibits a detrimental impact on environmental quality in South Africa. This is insightful for policymakers. The urban population shows non-significant effect on emission levels over the sampled period. The knowledge of both positive and negative shock effects of GDP, coal energy consumption and urban growth is vital for policy construction in terms of both economic and environmental sustainability. Thus, policy prescription ranges from energy transition to alternative and cleaner energy sources like renewables and responsible energy consumption (SDG-12) should be pursued in South Africa. More far-reaching environmental policies are highlighted in the concluding section.Öğe Modelling the nexus between finance, government revenue, institutional quality and sustainable energy supply in West Africa(Springer Science and Business Media Deutschland GmbH, 2024) Kolawole, Kayode David; Abdulmumin, Biliqees Ayoola; Uzuner, Gizem; Seyingbo, Oluwagbenga Abayomi; Abdulrauf, Lukman Adebayo-OkeThe present study examined the relationship between finance, government revenue, institutional quality and sustainable energy supply in West Africa countries over annual frequency period from 2012 to 2020. To achieve the outlined nexus between study variables, the present study leverages on a battery of panel analysis for robust inferences. The econometric estimators employed are panel random effect regression, generalized method of moment technique. Furthermore, panel Granger causality test is utilized to analyze the direction of flow among the variables for the study. Empirical results revealed that financial development is a significant determinant of energy supply in West Africa countries while a negligible effect was reported for institutional quality and sustainable energy supply. Thus, the present study concludes that finance from financial sector is important in ensuring sufficient energy supply. To this end, this study therefore, recommends that incentives should be given to financial institutions that fund energy generation and transmission as financial development is seen to be significant on energy supply. © 2023, The Author(s).Öğe The nexus of disaggregated energy sources and cement production carbon emission in China(Sage Publications Ltd, 2023) Alola, Andrew Adewale; Bekun, Festus Victor; Adebayo, Tomiwa Sunday; Uzuner, GizemCement production reportedly accounts for the largest global materials flow, thus achieving global environmental sustainability through responsible consumption and production is central to the sustainable development scenario. But even that China, the world's largest carbon emitter and largest cement producer, is under-studied. Thus, the current study employed the nonlinear ARDL and frequency domain causality methods to unearth the contributory or mitigating role of energy sources and economic progress in China's cement carbon emission (CCE) over the period 1971-2020. Overall, the study establishes long-run equilibrium relationship between the study variables of interest Subsequently, the baseline regression suggests that a positive shift in economic growth, energy from fossil fuel and primary energy consumption all increase emissions while a negative shift does not have a significant effect on emissions. Moreover, a positive (negative) shift in renewable energy decreases (increases) emissions in both the short and long-run. The result of the Frequency Domain causality analysis resonates with the results of NARDL regression. As a policy, this study infers energy development and economic-related measures are strategically important in achieving sustainable cement production and consumption.Öğe Renewable energy consumption a panacea for Sustainable economic growth: panel causality analysis for African blocs(TAYLOR & FRANCIS INC, 530 WALNUT STREET, STE 850, PHILADELPHIA, PA 19106, 2022) Steve, Yaw Sarpong; Bein, Murad A.; Gyamfi, Bright Akwasi; Bekun, Festus Victor; Uzuner, GizemThe issue of increased renewable energy consumption has been widely debated, and this has become a central energy policy concern for developing and developed countries. The existing literature provides evidence that there is a positive relationship between energy consumption and economic growth in developed economies. However, findings in respect of developing/emerging economies remain inconclusive. Thus, this paper aims to investigate the impact on renewable energy consumption on economic growth by controlling other macroeconomic variables for regions of Sub-Saharan Africa (East, Central and West) covering the 1990–2018 sample period. For this purpose, common correlated effects mean group estimator (CCEMG) and Dumitrescu-Hurlin Granger causality test approach are used to consider both cross-sectional dependency and cross-country heterogeneity across countries. The CCEMG result indicates that an increase in renewable energy consumption led to reduction in economic growth even when the sample is analyzed based on geographical locations as East, West, and Central Africa. Granger causality results validate the feedback hypothesis for only Central Africa; the growth hypothesis is supported for East and West Africa. The empirical results suggest that energy planners, governments, and policy makers must act together to increase the renewable energy consumption share in her energy mix to promote economic growth for regions of Sub-Saharan Africa.