PurposeThis study investigates the relationship between urbanization and carbon dioxide emission in the Central African Economic and Monetary Community from 1990 to 2019. The literature reveals that the relationship between urbanization and carbon dioxide emissions is still debatable and the existing findings are inconclusive.Design/methodology/approachCarbon dioxide is the regressand; while, urbanization, gross domestic product (GDP) and financial development (FD), rule of law (ROL) and government effectiveness (GEF) are the regressors. Johansen Fisher and Kao residual co-integration tests alongside the fully modified and dynamic ordinary least squares.FindingsThe results show a significant positive relationship between urbanization and carbon dioxide emissions. The causality tests results show that carbon dioxide granger causes urbanization, GDP and FD unit directionally.Research limitations/implicationsThe countries' governments should effectively improve their legal systems to regulate carbon dioxide emissions. Urbanization laws should be implemented to limit urbanization environmental deteriorating effects on carbon dioxide emissions. This occurs as the countries practiced unregulated urbanization which increases population's environmental impacts. The study recommends sustainable green urbanization policies for environmental conservation through tree planting and horticulture. Balance development in urban and rural areas is vital to decongest the urban cities' pressure in the states. The governments should motivate the private sector with rural investments captivating policies to limit rural urban migration.Originality/valueThe findings contribute value by supporting a positive link between urbanization and carbon dioxide emissions in the CEMAC zone. The causality tests findings confirm the view that carbon dioxide granger causes urbanization, GDP and FD unit directionally. This value addition is essential to the governments and policy makers to mitigate urbanization and carbon dioxide emissions in the CEMAC region.
Purpose This paper investigates the impact of bank credit on agricultural productivity in the Central African Economic and Monetary Community (CEMAC) from 1990 to 2019. Studies’ results on the impact of bank credit on agricultural productivity are not conclusive. The studies demonstrate diverse outcomes which are debatable. The results are conflicting. Design/methodology/approach Agricultural value added (AGRVA) to the gross domestic product (GDP) proxies agricultural productivity while domestic credit to the private sector by banks (DCPSB), broad money supply, land, inflation (INF), physical capital (PHKAP) and labour supply are explanatory variables. The autoregressive distributed lag technique is utilized. Findings The co-integration test results show a long-run co-integration among the variables. The findings disclose that DCPSB, land and PHKAP impact positively on the AGRVA. Broad money supply, INF and labour impact negatively on the AGRVA to the GDP. Research limitations/implications The results suggest that the CEMAC governments should encourage effective ways to increase bank credit flow to private enterprises in the agricultural sector through efficient bank's intermediation. Practical implications The governments should create more agricultural banks and improve the operation of existing ones to ensure direct credit to agricultural activities. The Bank of Central African Economic and Monetary Community should apply aggressive policy which eliminates all the bottlenecks undermining credit flow to the private sector in mutualism with agricultural productivity. Social implications The commercial banks should give more credit to private sector to mutually benefit the agricultural sector and the banking sector. The governments of the CEMAC economies should expand funding into the capital market which considerably boosts agricultural productivity. Originality/value Studies’ results on the impact of bank credit on agricultural productivity are not conclusive. The studies demonstrate diverse outcomes which are debatable. The results are conflicting; some reveal positive impacts, some show negative impacts and others indicate U-shape behaviour. Hence, research is required to fill the lacuna.
This paper investigates the nexus between greenhouse gas emissions and poverty alleviation in the Economic Commission of West African States between 1985 and 2020 applying autoregressive distributed lag and Granger causality techniques. The results reveal that carbon dioxide non‐significantly relates to gross domestic product per capita positively while nitrous oxide and foreign direct investment impacts gross domestic product per capita positively. Methane negatively impacts gross domestic product per capita. The governments should use conventions to regulate greenhouse gas emissions’ effects on environmental degradation regionally and globally. The study underscores that countries should diversify to cleaner energy sources. This would reduce greenhouse gas emissions in the atmosphere. Massive technological investment is required to mitigate the greenhouse gas emissions’ negative impacts on the environment which create poverty. This policy implication ensures environmental sustainability and reverses the ugly trend of greenhouse gas emissions on poverty.
Purpose This study examines the long-term association between entrepreneurship and Nigerian economic development in the digitized era from 1991-2020. Research results on the association between entrepreneurship and economic development are still debatable and conflicting. Some unveil positive effects, and some show negative effects and others indicate non-significant effects. Hence, research is essential to fill the gap. Design/Methodology/ApproachThe fully modified, dynamic and conical co-integration ordinary least squares regression are used. Gross domestic product growth rate measures economic development. Self-employment and new business density measure entrepreneurship. Findings The results show a long-term association between entrepreneurship and economic development. The regression results unveil a positive association between self-employment and gross domestic product growth rate. Research limitations/ImplicationsThe government should refurbish existing entrepreneurial policies with digital innovations to enhance entrepreneurship and economic development which promote self-employment. The government should integrate entrepreneurship education into the education system at the secondary level where young minds would be moulded towards self-employment. The government and entrepreneurs should improve on the mapping out of strategic business locations in urban and rural zones where youths could under take self-employment activities. Originality/Value The results affirm a positive link between self-employment and gross domestic product.
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