The Role of Renewable Energy Investment on Achieving Economic Growth at the Gulf Cooperation Council Countries

Authors

  • Mohammad Sulieman Mohammad Jaradat Department of Banking and Financial Studies, College of Business, Ajloun National University, Ajloun, Jordan.

DOI:

https://doi.org/10.32479/ijeep.12498

Abstract

Study aims to investigate the renewable energy investment effect on achieving the economic growth (EG) at countries of Gulf Cooperation Council (GCC) for the period of 2010–2019. The percentage of renewable energy investment of total investments is an explanatory variable, and EG is a dependent variable. This research focuses on analyzing literature review to demonstrate how investment in renewable energy impacts the achievement of EG, and it also tries to explain this effect in the GCC countries for this period by utilizing Regression Analysis in E-Views. The research reaches significant and positive effect of renewable energy investment on EG at UAE, KSA, and Qatar but showed insignificant effect of renewable energy investment on EG in Bahrain, Kuwait, and Oman for the period (2010–2019).

Downloads

Download data is not yet available.

Author Biography

Mohammad Sulieman Mohammad Jaradat, Department of Banking and Financial Studies, College of Business, Ajloun National University, Ajloun, Jordan.

ASSOCIATE PROFESSOR DEPARTMENT OF BANKING AND FINANCIAL STUDIES, COLLEGE OF BUSINESS AJLOUN NATIONAL UNIVERSITY

Downloads

Published

2022-01-19

How to Cite

Jaradat, M. S. M. (2022). The Role of Renewable Energy Investment on Achieving Economic Growth at the Gulf Cooperation Council Countries. International Journal of Energy Economics and Policy, 12(1), 349–354. https://doi.org/10.32479/ijeep.12498

Issue

Vol. 12 No. 1 (2022)

Section

Articles

License

Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication.