Abstract
This study empirically analyzed the effects of renewable energy consumption on economic growth in Southern African Development Community using longitudinal data for a panel of 16 countries during the sample period 2000-2019. The methodological approach used applied the Breusch-Pagan Lagrangian multiplier test and Hausman test procedures. Based on estimates of the fixed effects model, empirical results show that an increase in renewable energy consumption had a statistically significant and positive effect on economic growth in the region. The estimated R-squared shows that approximately 3.4 percent total variation in economic growth was explained by renewable energy consumption and total natural resource rents. The computed F-statistic (= 7.88; p < 0.01) confirms significance of the model; while the interclass correlation value shows that approximately 52.6 percent of the variance was due to differences across panels. Keywords: renewable, energy, consumption, economic growth, SADC DOI: 10.7176/JESD/13-24-05 Publication date: December 31 st 2022
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