The financial development and renewable energy consumption nexus in Africa: Does the quality of governance matter?

IF 3.5 4区 社会学 Q2 ENVIRONMENTAL SCIENCES
Alastaire S. Alinsato, Toyo Amègnonna Marcel Dossou, Pascal K. Dossou, Emmanuelle N. Kambaye, Simplice A. Asongu
{"title":"The financial development and renewable energy consumption nexus in Africa: Does the quality of governance matter?","authors":"Alastaire S. Alinsato, Toyo Amègnonna Marcel Dossou, Pascal K. Dossou, Emmanuelle N. Kambaye, Simplice A. Asongu","doi":"10.1111/1477-8947.12512","DOIUrl":null,"url":null,"abstract":"The impact of financial development (FD) on renewable energy consumption has been extensively examined in recent years. Nevertheless, studies on the moderation of quality of governance in the financial development and renewable energy consumption nexus are sparse. By filling the gap in the literature relating to energy economicsc, this study investigates the moderating effect of the quality of governance on the relationship between financial development and consumption of renewable energy for a panel of 33 African countries over the period between 2000 and 2020. The fully modified ordinary least squares (FMOLS) estimation technique is used to account for cointegration and cross‐sectional dependence. The results unveil that the impact of governance quality and financial development on renewable energy consumption is negative and statistically significant. Moreover, the results reveal that the FD‐governance quality interactions are significant and negative. Governance quality thresholds at which the negative incidence of financial development on renewable energy consumption is completely nullified are provided.","PeriodicalId":49777,"journal":{"name":"Natural Resources Forum","volume":"137 1","pages":""},"PeriodicalIF":3.5000,"publicationDate":"2024-06-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Natural Resources Forum","FirstCategoryId":"90","ListUrlMain":"https://doi.org/10.1111/1477-8947.12512","RegionNum":4,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ENVIRONMENTAL SCIENCES","Score":null,"Total":0}
引用次数: 0

Abstract

The impact of financial development (FD) on renewable energy consumption has been extensively examined in recent years. Nevertheless, studies on the moderation of quality of governance in the financial development and renewable energy consumption nexus are sparse. By filling the gap in the literature relating to energy economicsc, this study investigates the moderating effect of the quality of governance on the relationship between financial development and consumption of renewable energy for a panel of 33 African countries over the period between 2000 and 2020. The fully modified ordinary least squares (FMOLS) estimation technique is used to account for cointegration and cross‐sectional dependence. The results unveil that the impact of governance quality and financial development on renewable energy consumption is negative and statistically significant. Moreover, the results reveal that the FD‐governance quality interactions are significant and negative. Governance quality thresholds at which the negative incidence of financial development on renewable energy consumption is completely nullified are provided.
非洲金融发展与可再生能源消费之间的关系:治理质量重要吗?
近年来,金融发展(FD)对可再生能源消费的影响已被广泛研究。然而,关于治理质量在金融发展与可再生能源消费关系中的调节作用的研究却很少。通过填补能源经济学相关文献的空白,本研究以 33 个非洲国家为研究对象,研究了 2000 年至 2020 年期间治理质量对金融发展与可再生能源消费之间关系的调节作用。研究采用了完全修正的普通最小二乘法(FMOLS)估计技术,以考虑协整性和横截面依赖性。结果表明,治理质量和金融发展对可再生能源消费的影响为负,且在统计上显著。此外,结果还显示,金融发展与治理质量的交互作用显著且为负。提供了金融发展对可再生能源消费的负面影响完全失效的治理质量阈值。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 求助全文
来源期刊
Natural Resources Forum
Natural Resources Forum 环境科学-环境科学
CiteScore
6.10
自引率
0.00%
发文量
24
审稿时长
>36 weeks
期刊介绍: Natural Resources Forum, a United Nations Sustainable Development Journal, focuses on international, multidisciplinary issues related to sustainable development, with an emphasis on developing countries. The journal seeks to address gaps in current knowledge and stimulate policy discussions on the most critical issues associated with the sustainable development agenda, by promoting research that integrates the social, economic, and environmental dimensions of sustainable development. Contributions that inform the global policy debate through pragmatic lessons learned from experience at the local, national, and global levels are encouraged. The Journal considers articles written on all topics relevant to sustainable development. In addition, it dedicates series, issues and special sections to specific themes that are relevant to the current discussions of the United Nations Commission on Sustainable Development (CSD). Articles must be based on original research and must be relevant to policy-making. Criteria for selection of submitted articles include: 1) Relevance and importance of the topic discussed to sustainable development in general, both in terms of policy impacts and gaps in current knowledge being addressed by the article; 2) Treatment of the topic that incorporates social, economic and environmental aspects of sustainable development, rather than focusing purely on sectoral and/or technical aspects; 3) Articles must contain original applied material drawn from concrete projects, policy implementation, or literature reviews; purely theoretical papers are not entertained.
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术官方微信