Modelling renewable energy consumption and economic growth in Uganda

dc.contributor.authorMutumba, Geoffrey S.
dc.contributor.authorOdong, Tomson
dc.contributor.authorBagire, Vincent
dc.date.accessioned2024-08-01T06:54:58Z
dc.date.available2024-08-01T06:54:58Z
dc.date.issued2024-04
dc.description.abstractBack ground: This study models renewable energy consumption and economic growth, with evidence from Uganda (1982-2018). The hypothesis that explains causality between renewable energy consumption and economic growth follows the growth, conservation, feedback and neutral. Methods: The study uses vector error correction model (VECM) and structural vector auto regression (VAR), within a multivariate data framework. The Pairwise Granger test was specifically used to establish the direction of causality between variables of study. The Johansen co-integration test was carried out to ascertain if there exists a long run relationship between renewable, domestic investment, foreign direct investment and real GDP. Results: The results support the neutral hypothesis between renewable energy consumption and economic growth. Conclusion: The conclusion therefore is a unidirectional relationship running from of renewable energy consumption to economic growth Implications/Relevance/Originality /Value: This paper provides insights into how renewable energy consumption drives economic growth and sustainable development.en_US
dc.identifier.citationMutumba, G. S., Odong, T., & Bagire, V. (2024). Modelling renewable energy consumption and economic growth in Uganda. Int. J. Multi. Discipl. Res, 6(2), 2582-2160.en_US
dc.identifier.urihttps://scholar.google.com/scholar?lookup=0&q=Modelling+renewable+energy+consumption+and+economic+growth+in+Uganda&hl=en&as_sdt=0,5 https://hdl.handle.net/20.500.12504/1998
dc.language.isoenen_US
dc.publisherInternational Journal MultiDisciplinary Researchen_US
dc.subjectRenewable Energy consumptionen_US
dc.subjectEconomic growthen_US
dc.subjectStructural Vector autoregressionen_US
dc.subjectVector error Correction Mechanismen_US
dc.titleModelling renewable energy consumption and economic growth in Ugandaen_US
dc.typeArticleen_US

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