Does financialization enhance renewable energy development in Sub-Saharan African countries?

Basit Öğe Kaydı
dc.authoridOnifade, Stephen Taiwo/0000-0003-1497-7835
dc.authoridAppiah, Michael/0000-0001-9314-4908
dc.contributor.authorAppiah, Michael
dc.contributor.authorAshraf, Sania
dc.contributor.authorTiwari, Aviral Kumar
dc.contributor.authorGyamfi, Bright Akwasi
dc.contributor.authorOnifade, Stephen Taiwo
dc.date.accessioned2024-09-11T19:50:53Z
dc.date.available2024-09-11T19:50:53Z
dc.date.issued2023
dc.departmentİstanbul Gelişim Üniversitesien_US
dc.description.abstractThis study examines the influence of financial development, fiscal policy, and foreign capital on renewable energy development in 21 Sub-Saharan African nations from 2000 to 2021. The aim is to address the dearth of information on how the financial sector affects renewable energy. Using panel data and the Panel Quantile Autoregressive Distributed Lag (PQARDL) technique, we analyze the short- and long-term impacts of these factors while considering industrialization and institution quality. Our findings indicate that financial development and fiscal policy pose significant obstacles to renewable energy development across all quantile distributions in the long run. However, foreign capital positively contributes to renewable energy development across most quantiles, except the 70th quantile. We also observe a declining trend in Sub-Saharan Africa's share of renewable development due to industrialization and institutional quality in the long term. Furthermore, the interactive roles of fiscal policy and institutional quality hinder renewable advancement in the region over time. These empirical outcomes provide valuable insights on how to attract foreign capital and allocate investments in renewable development. By doing so, we can offer consumers cost-competitive choices and strive towards extending high-value-added facilities within a sustainable environment.en_US
dc.identifier.doi10.1016/j.eneco.2023.106898
dc.identifier.issn0140-9883
dc.identifier.issn1873-6181
dc.identifier.scopus2-s2.0-85169830346en_US
dc.identifier.urihttps://doi.org/10.1016/j.eneco.2023.106898
dc.identifier.urihttps://hdl.handle.net/11363/7698
dc.identifier.volume125en_US
dc.identifier.wosWOS:001052826500001en_US
dc.identifier.wosqualityQ1en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isoenen_US
dc.publisherElsevieren_US
dc.relation.ispartofEnergy Economicsen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.snmz20240903_Gen_US
dc.subjectRenewable energyen_US
dc.subjectFinancial developmenten_US
dc.subjectFiscal policyen_US
dc.subjectForeign capitalen_US
dc.subjectARDL quantile autoregressive distributed laden_US
dc.subjectSub-Saharan Africa countriesen_US
dc.titleDoes financialization enhance renewable energy development in Sub-Saharan African countries?en_US
dc.typeArticleen_US

Dosyalar

Orijinal paket
Listeleniyor 1 - 1 / 1
Küçük Resim
İsim:
Makale / Article
Boyut:
1.05 MB
Biçim:
Adobe Portable Document Format
İndir

Koleksiyon

WoS İndeksli Yayınlar Koleksiyonu
Scopus İndeksli Yayınlar Koleksiyonu