The Dynamic Impact of Renewable Energy Consumption on Economic Growth: The Case of Côte d'Ivoire

Abstract

This paper investigates the impact of renewable energy consumption on economic growth in Côte d’Ivoire by using the autoregressive distributed lags (ARDL) model. Capital and labor are included in the model as additional variables. Annual data cover the period from 1991 to 2015. The empirical results suggest that in the short run, the impact of renewable energy consumption on economic growth is mixed while in the long run, the impact is not significant. Our results also provide empirical evidence that the non-renewable energy/renewable energy transition is not yet effective but is under process in Côte d’Ivoire.

Keywords: Economic growth, Renewable energy consumption, Côte d’Ivoire

DOI: 10.7176/JESD/10-18-20

Publication date:September 30^th 2019