MESUEARING THE IMPACT OF RENEWABLE ENERGY CONSUMPTION ON ECONOMIC GROWTH IN EGYPT

Document Type : Original Article

Authors

1 Post Graduate, Institute of Environmental Studies and Research, Ain Shams University

2 Faculty of Commerce, Ain Shams University

3 Institute of Environmental Studies and Research, Ain Shams University

4 Ministry of Electricity and Renewable Energy

Abstract

 
 
This research aims to examine the Impact of Renewable Energy Eonsumption on Economic Growth in Egypt. It depended on using quantitative method. Vector Auto Regressive (VAR) analysis was adopted based on yearly data for the period (1990-2017). Time series stationarty are checked by Augmented Dicky Fuller (ADF) test, and co- integration existence tested by Johansen co- integration test. The vector Error Correction model (VECM) utilized to check the existence of long run relationship between Real Gross Domestic Product (RGDP) as a dependent variable and Renewable Energy Consumption (REC) as explanatory variable. Finally this research conducted positive relationship between the consumption of renewable energy, in accordance with the literature and the results of applied studies.
 
 

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