The nexus between Egyptian renewable energy resources and economic growth for achieving sustainable development goals

Doaa Salman,Nadine Amr Hosny

doi:10.1186/s43093-021-00091-8

Doaa Salman, Nadine Amr Hosny

Open Access

https://doi.org/10.1186/s43093-021-00091-8

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Abstract

This study contributes to the conceptual and empirical studies by investigating the relation between the electricity generated from renewables, carbon dioxide (CO2) emission, exchange rate and unemployment on Egyptian economic growth (EEC). Developing countries are in pursuit of economic growth as it is the path for sustainable economies. The study applies autoregressive distributed lag model (ARDL) using the dataset for the period from 1990–2019. The empirical results highlight the main driving forces that accelerate economic growth. The main findings confirmed that government support is one of the key drivers for positive and significant impacts of electricity generated from renewable energy sources, CO2 emission, and exchange rate in Egypt on economic growth. However, the positive and significant impact of carbon dioxide still plays a challenging aspect to achieve sustainability. Policies have been identified to develop the required energy network of the future

Highlights

Study-based modeling presents a concise trade-off relation between Economic growth (EG) and Sustainable development (SD)
This paper focuses on Salman and Hosny Futur Bus J (2021) 7:47 how Egypt is capable of transforming the usage of nonrenewable to renewable resources or not
The findings show that all variable are positive significant at 10% except electricity for renewable energy and carbon dioxide emission at 5%

Summary

Introduction

Study-based modeling presents a concise trade-off relation between EG (economic growth) and SD (sustainable development). To achieve a balance between EG and economic development which is a long-term target, it requires creating a balance between utilizing resources without exploitation. This balance will require the government to monitor the behavior of the economic activities and to regulate it to achieve SD and growth. Developing countries, they stimulate investment to create growth first and later they aim for development as a second priority. Such a prioritization is the main reason for the delay of the development. The quest of the developing countries to increase growth rates

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Conclusion