The Impact of Renewable Energy and Technology Access on Economic Performance in Zambia
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This study examines the impact of renewable energy and other related variables on economic performance in Zambia, focusing on data from 2000 to 2022. The primary objective is to assess how various aspects of renewable energy, including consumption and access, affect GDP and its growth. Using the Jamovi software, a descriptive statistical analysis, a regression analysis, and a correlation analysis were conducted on data from the World Bank and the International Renewable Energy Agency. The study reveals that while renewable energy consumption negatively affects GDP growth, access to clean cooking technologies significantly promotes it. In addition, the share of renewable energy in electricity generation and access to electricity are positive... Ver más
2422-2704
12
2025-01-01
info:eu-repo/semantics/openAccess
http://purl.org/coar/access_right/c_abf2
Tiempo y economía - 2025
Esta obra está bajo una licencia internacional Creative Commons Atribución-NoComercial-CompartirIgual 4.0.
Sumario: | This study examines the impact of renewable energy and other related variables on economic performance in Zambia, focusing on data from 2000 to 2022. The primary objective is to assess how various aspects of renewable energy, including consumption and access, affect GDP and its growth. Using the Jamovi software, a descriptive statistical analysis, a regression analysis, and a correlation analysis were conducted on data from the World Bank and the International Renewable Energy Agency. The study reveals that while renewable energy consumption negatively affects GDP growth, access to clean cooking technologies significantly promotes it. In addition, the share of renewable energy in electricity generation and access to electricity are positively correlated to improvements in rural electrification. However, the share of renewable energy in electricity generation does not have a significant direct impact on GDP. These findings suggest that strategic investments in renewable energy must be balanced with efforts to improve access to clean technologies to maximize economic benefits. Policymakers should focus on improving rural electrification and integrating renewable energy projects into broader infrastructure development. The study underscores the importance of targeted policies and technological advances to optimize the economic impact of renewable energy. Recommendations include investing in renewable energy initiatives with a focus on long-term economic outcomes, improving rural electrification policies, and exploring further research on technological innovations and their economic impacts. The study contributes to the existing literature by providing a detailed analysis of the role of renewable energy in economic performance in the Zambian context, highlighting both its potential and limitations. Its innovation lies in the use of comprehensive data analysis techniques and triangulation to provide actionable insights for policy development and future research.
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