Does E-Governance Reduce Income Inequality in Sub-Saharan Africa? Evidence From a Dynamic Panel

Dossou, Toyo Amègnonna Marcel; Kambaye, Emmanuelle Ndomandji; Berhe, Mesfin Welderufael; Asongu, Simplice

doi:10.2139/ssrn.4235551

Cited by 4 publications

(2 citation statements)

References 57 publications

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“…For FDI, study revealed a positive and statistically significant linkage in the long-run (short run) between foreign direct investment and renewable energy consumption, which is valid both in the estimation of CS-ARDL and NARDL. Our findings is in line with existing literature see for instance [4,30,31,[73][74][75][76][77][78][79][80]. In particular, a 10% changes in the long-run (short) will results in increase o REC by 1.545% (0.735%).…”

Section: Resultssupporting

confidence: 93%

An assessment of the effect of gross capital formation and financial development on Renewable Energy Consumption in middle-income nations: Does FDI act as a boosting factor? Evidence from CS-ARDl and NARDL framework

Md. Qamruzzaman

2024

World J. Adv. Res. Rev.

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The association between foreign direct investment (FDI), gross capital formation (GCF), financial development, and renewable energy usage is investigated in this research (REC). The research used the CS-ARDL and NARDL estimates to examine the correlation among REC, FDI, GCF, and financial development. The results demonstrate a strong and statistically valid positive correlation in both the immediate and prolonged periods. Whether innovation in FDI is favourable or bad, it may ultimately affect REC, either by accelerating or diminishing it. Additionally, the research emphasizes a substantial and statistically valid association between REC and GCF, demonstrating that domestic capital creation has a favourable effect on the incorporation of clean energy. Furthermore, the data demonstrates a noteworthy association between financial development and renewable energy certificates (RECs), suggesting that the financial incentivizes facilitated by financial development play a pivotal role in encouraging the widespread use of REC. The results shown in this research are consistent with prior scholarly works and have substantial ramifications for comprehending the intricate interplay of sustainable energy, foreign direct investment (FDI), gross capital formation (GCF), and financial growth. However, the research emphasizes the need to conduct a thorough assessment of the characteristics and quality of foreign direct investment (FDI) inflows. Furthermore, it emphasizes the need to promote equitable and sustainable development in the renewable energy industry while considering its impacts on society and the environment. In addition, the report highlights the possible social and environmental repercussions that may result from renewable energy initiatives sponsored locally. This underscores the importance of establishing resilient policy frameworks and efficient governance mechanisms to guarantee that financial development, foreign direct investment (FDI), and the Green Climate Fund (GCF) all contribute to fostering sustainable and equitable expansion in the utilization of renewable energy. As a result, the study's results provide significant contributions to the understanding of how to optimize the use of financial development, green climate funds (GCF), and foreign direct investment (FDI) in order to promote the adoption of renewable energy. But before formulating sustainable approaches to encourage the use of renewable energy, it is vital to do a thorough evaluation of the broader ramifications and associated variables.

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Section: Resultssupporting

confidence: 93%

An assessment of the effect of gross capital formation and financial development on Renewable Energy Consumption in middle-income nations: Does FDI act as a boosting factor? Evidence from CS-ARDl and NARDL framework

Md. Qamruzzaman

2024

World J. Adv. Res. Rev.

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“…For FDI, study revealed a positive and statistically significant linkage in the long-run (short run) between foreign direct investment and renewable energy consumption, which is valid both in the estimation of CS-ARDL and NARDL. Our findings is in line with existing literature see for instance [11,33,34,[74][75][76][77][78][79][80][81]. In particular, a 10% changes in the longrun (short) will results in increase o REC by 1.545% (0.735%).…”

Section: Interpretation and Discussionsupporting

confidence: 93%

Nexus between foreign direct investment, gross capital formation, financial development and renewable energy consumption: evidence from panel data estimation

Md. Qamruzzaman

2024

GSC Adv. Res. Rev.

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This research examines the correlation between foreign direct investment (FDI), gross capital formation (GCF), financial development, and renewable energy consumption (REC). The research utilizes the CS-ARDL and NARDL estimates to identify a strong and statistically significant connection, both in the long-term and short-term, between Foreign Direct Investment (FDI), Gross Capital Formation (GCF), financial development, and Regional Economic Cooperation (REC). More precisely, a 10% alteration in Foreign Direct Investment (FDI) leads to a 1.545% augmentation in Research and Development Expenditure (REC) over an extended period of time, and a 0.735% boost in the immediate term. Likewise, favorable (unfavorable) advancements in foreign direct investment (FDI) hasten (diminish) the pace of economic growth in the long term. The analysis also demonstrates a strong and statistically significant relationship between GCF and REC, highlighting the advantageous impact of domestic capital creation on the integration of clean energy. Moreover, it reveals a favorable correlation between financial development and REC, indicating that the financial incentives enabled by financial development have a crucial impact on encouraging the use of renewable energy. These results are consistent with previous research and have important consequences for the connection between foreign direct investment (FDI), gross capital formation (GCF), financial development, and sustainable energy. Nonetheless, the study highlights the importance of taking into account the nature and caliber of foreign direct investment (FDI) inflows, the influence of fair and sustainable growth in the renewable energy sector on the environment and society, and the possible environmental and social consequences of renewable energy projects fueled by domestic capital expansion. Furthermore, it emphasizes the need of well-rounded policy frameworks and governance mechanisms to guarantee that foreign direct investment (FDI), green climate fund (GCF), and financial development effectively contribute to equitable and sustainable growth in the consumption of renewable energy. The study's findings offer valuable insights on how to effectively use foreign direct investment (FDI), global climate finance (GCF), and financial development to increase the use of renewable energy. However, it also emphasizes the importance of carefully evaluating the wider consequences and related factors in order to develop sustainable strategies for promoting renewable energy consumption.

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The role of the internet in moderating the effect of industrialization on income inequality in Africa

Dossou,

Asongu,

Dossou

et al. 2024

Information Technology for Development

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Does E-Governance Reduce Income Inequality in Sub-Saharan Africa? Evidence From a Dynamic Panel

Cited by 4 publications

References 57 publications

An assessment of the effect of gross capital formation and financial development on Renewable Energy Consumption in middle-income nations: Does FDI act as a boosting factor? Evidence from CS-ARDl and NARDL framework

An assessment of the effect of gross capital formation and financial development on Renewable Energy Consumption in middle-income nations: Does FDI act as a boosting factor? Evidence from CS-ARDl and NARDL framework

Nexus between foreign direct investment, gross capital formation, financial development and renewable energy consumption: evidence from panel data estimation

The role of the internet in moderating the effect of industrialization on income inequality in Africa

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