Boosting renewable energy consumption through green innovation and financial development: A sustainability framework for the MENA region DOI Creative Commons

Magdalena Radulescu,

S Hassoun,

Salim Bourchid Abdelkader

et al.

Energy Exploration & Exploitation, Journal Year: 2025, Volume and Issue: unknown

Published: Feb. 16, 2025

This study examines the dynamic relationships between renewable energy consumption (REC), GDP or economic growth (EG), financial development (FD), and green innovation (GI) in eight MENA countries during period of 1996–2021 through lens lobbying effect, sustainability, transition theories. Employing FMOLS, DOLS, CCR estimators for long-run coefficients, complemented by Dumitrescu-Hurlin causality tests, we find that there is a statistically significant link RE EG at 1% level; increase lnEG corresponds to an lnREC 1.150%, 0.959%, 0.553%, respectively. Then, establish positive sign level REC FD; upsurge lnFD will raise 0.113%, 0.050%, 0.171%, However, FMOLS estimation shows negative GI; lnGI decrease 0.175% 0.359%, We identify one bidirectional FD two one-way causality, running from other GI. These results suggest need policy refinements, particularly aligning strategies with deployment enhance sustainability region.

Language: Английский

Boosting renewable energy consumption through green innovation and financial development: A sustainability framework for the MENA region DOI Creative Commons

Magdalena Radulescu,

S Hassoun,

Salim Bourchid Abdelkader

et al.

Energy Exploration & Exploitation, Journal Year: 2025, Volume and Issue: unknown

Published: Feb. 16, 2025

This study examines the dynamic relationships between renewable energy consumption (REC), GDP or economic growth (EG), financial development (FD), and green innovation (GI) in eight MENA countries during period of 1996–2021 through lens lobbying effect, sustainability, transition theories. Employing FMOLS, DOLS, CCR estimators for long-run coefficients, complemented by Dumitrescu-Hurlin causality tests, we find that there is a statistically significant link RE EG at 1% level; increase lnEG corresponds to an lnREC 1.150%, 0.959%, 0.553%, respectively. Then, establish positive sign level REC FD; upsurge lnFD will raise 0.113%, 0.050%, 0.171%, However, FMOLS estimation shows negative GI; lnGI decrease 0.175% 0.359%, We identify one bidirectional FD two one-way causality, running from other GI. These results suggest need policy refinements, particularly aligning strategies with deployment enhance sustainability region.

Language: Английский

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