Renewable energy and economic growth in Morocco: Exploring the short- and long-run relationships
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Author(s)Rachid Ech-ChoudanyLink to ORCID Index: https://orcid.org/0000-0002-1672-0120
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Hicham HafidLink to ORCID Index: https://orcid.org/0000-0001-6564-0779
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Abdelaziz AguilalLink to ORCID Index: https://orcid.org/0000-0001-9725-8072
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Mohammed HennachLink to ORCID Index: https://orcid.org/0009-0002-8424-2973
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DOIhttp://dx.doi.org/10.21511/ee.17(1).2026.11
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Article InfoVolume 17 2026, Issue #1, pp. 140-151
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Type of the article: Research Article
Abstract
This study examines the relationship between renewable energy consumption and economic growth in Morocco, while accounting for trade openness and CO₂ emissions per capita. Using annual data covering the period 1990–2024 and applying the Autoregressive Distributed Lag (ARDL) approach, the analysis captures both short-run dynamics and long-run relationships among the variables. The empirical results proved a long-term equilibrium relationship, as the bounds test rejects the null hypothesis of no cointegration, with the calculated F-statistic exceeding the upper critical bound I (1) at 10%, 5%, and 1% significance levels, and the error correction term being negative and highly significant (ECT = −0.2909), indicating that approximately 29% of short-run deviations from equilibrium are corrected each year. In the short term, the effects of renewable energy consumption on economic growth are mixed and largely delayed: while contemporaneous changes are not statistically significant, a positive and significant effect emerges after two periods. Trade openness exerts a positive and statistically significant influence with lagged effects, suggesting that increased trade activity stimulates economic growth in the short term. By contrast, CO₂ emissions per capita show an immediate positive but insignificant effect, followed by delayed negative and significant effects, reflecting short-term growth gains accompanied by subsequent environmental pressures. In the long run, renewable energy consumption and CO₂ emissions per capita are associated with a positive and statistically significant effect on economic growth, whereas the long-run impact of trade openness, despite a positive coefficient, remains statistically insignificant.
- Keywords
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JEL Classification (Paper profile tab)Q01, Q42, Q48
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References45
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Tables5
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Figures2
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- Figure 1. CUSUM test
- Figure 2. CUSUM test of squares
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- Table 1. Stationarity tests of the series
- Table 2. Bounds test
- Table 3. Residual diagnostic test results
- Table 4. The short-run coefficients
- Table 5. The long-run coefficients
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Impact on poverty and income inequality in Malaysia’s economic growth
Rabiul Islam 
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Ahmad Bashawir Abdul Ghani ,
Irwanshah Zainal Abidin ,
Jeya Malar Rayaiappan
doi: http://dx.doi.org/10.21511/ppm.15(1).2017.05
Problems and Perspectives in Management Volume 15, 2017 Issue #1 pp. 55-62 Views: 14422 Downloads: 6464 TO CITE АНОТАЦІЯPoverty and income inequality are extreme issues that still exist in Malaysia. Any rise in poverty and income inequality definitely affect economic growth. There are many great efforts taken by the government of Malaysia to eradicate poverty and to reduce the gap of income inequality which occurs since 1970’s. The incidence of poverty and income inequality is higher in rural areas compared to urban areas. This paper is mainly to study the level of poverty and income inequality in Malaysia together with government intervention to develop Malaysia’s economic growth. The research is focused among the working people at Ipoh, Perak. In this paper, questionnaire forms are being distributed to get information regarding the issue of poverty and income inequality. It also looks into the strategies taken by the government of Malaysia to eradicate poverty and income inequality. Few recommendations are given in terms of education policy, financial aid and assistance from government and non-government organization (NGO) to upgrade the standard and quality of living among the poor and lower-income group of people.
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Impact of inflation on economic growth: evidence from Nigeria
Anthony Olugbenga Adaramola ,
Oluwabunmi Dada
doi: http://dx.doi.org/10.21511/imfi.17(2).2020.01
Investment Management and Financial Innovations Volume 17, 2020 Issue #2 pp. 1-13 Views: 12843 Downloads: 6505 TO CITE АНОТАЦІЯIn an attempt to examine the influence of inflation on the growth prospects of the Nigerian economy, the study employs the autoregressive distributed lag on the selected variables, i.e. real gross domestic product (GDP), inflation rate, interest rate, exchange rate, degree of economy`s openness, money supply, and government consumption expenditures for the period 1980–2018. The study findings indicate that inflation and real exchange rate exert a significant negative impact on economic growth, while interest rate and money supply indicate a positive and significant impact on economic growth. Other variables in the model depict no influence on the economic growth of Nigeria. The causality result shows the unidirectional relationships between interest rate, exchange rate, government consumption expenditures and gross domestic product. However, inflation and the degree of openness show no causal relationship with gross domestic product. As a result, the study recommends that a more pragmatic effort is needed by the monetary authorities to target the inflation vigorously to prevent its adverse effect by ensuring a tolerable rate that would stimulate the economic growth of Nigeria.
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Formalization of the impact of imbalances in the movement of financial resources on economic growth of countries in Central and Eastern Europe
Serhiy Kozmenko ,
Maxim Korneyev
doi: http://dx.doi.org/10.21511/afc.01(1).2017.06
Accounting and Financial Control Volume 1, 2017 Issue #1 pp. 48-58 Views: 9140 Downloads: 1791 TO CITEThe article deals with the impact of financialization on economic growth in countries of Central and Eastern Europe. It determinesthe impact of imbalances in the movement of financial resources caused by financialization on economic growth of these countries. It proves that the implementation of measures aimed at increasing the openness of the economy and maintaining solvent demand have a positive impact on economic growth of the surveyed countries in the long run. It also proves the importance of developing a set of measures of strategic nature regulating imbalances in the movement of financial resources caused by financialization.
