Download or read book Renewable Energy, Oil Prices, Industrialization and Economic Growth in Sub-Saharan Africa written by Stephen Ansah and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The ever-increasing demand for sustainable energy and development requires a shift from non-renewable energy consumption across the globe, particularly the Sub-Saharan African region. The sub-Saharan African region is projected to experience population growth and impressive economic growth of 7% and 6% respectively by 2050, which is expected to increase energy consumption further, emphasizing climate change and sustainable development. However, there is a lack of empirical evidence on fundamental factors that drive renewable energy usage in sub-Saharan Africa. This paper assesses the dynamic linkages between renewable energy, oil price, industrialization, and economic growth in sub-Saharan Africa. We used the cross-sectional augmented Autoregressive distributed (CS-ARDL), and the common correlated effect means group (CCEMG) to analyze such linkages for the period 1990-2015 while exploring the dynamics of energy consumption across income levels. The key empirical findings confirm a bidirectional causal relationship between renewable energy consumption and economic growth in the long-run. The effect of renewable energy consumption is only observed for low and lower-middle income economies within the sub-region. The study further reveals a positive impact of oil prices on the economic growth of the sub-region.