Does financialization enhance renewable energy development in Sub-Saharan African countries?

Appiah, Michael; Ashraf, Sania; Tiwari, Aviral Kumar; Gyamfi, Bright Akwasi; Onifade, Stephen Taiwo

doi:10.1016/j.eneco.2023.106898

Cited by 27 publications

(4 citation statements)

References 83 publications

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“…Unlike traditional unit root tests, which utilize the averages of each cross‐section to level and the first difference for each cross‐section unit in the data, this test does not presume cross‐section dependence and has gained acceptance in contemporary studies (Alola & Onifade, 2022; Gyamfi, Onifade, et al., 2022). Traditional co‐integration tests lack the power to detect cross‐section dependence and can lead to biased conclusions (Appiah, Ashraf, et al., 2023; Gyamfi et al., 2023; Onifade & Alola, 2022). Because the current data is cross‐sectionally dependent, we adopted Westerlund and Edgerton's (2007) error correction–based co‐integration test in this work.…”

Section: Model Methods and Datamentioning

confidence: 99%

“…Moreover, the paucity of such integrative studies becomes more glaring when considering the urgency imposed by climate change and rapid technological advancements. These pressing global challenges necessitate a comprehensive understanding of how governance mechanisms can either facilitate or hinder adaptive, resilient, and sustainable infrastructure systems in SSA (Appiah, Ashraf, et al., 2023; Naeem, Appiah, Taden, et al., 2023).…”

Section: Introductionmentioning

confidence: 99%

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Analysing governance‐led infrastructural development nexus in sub‐Saharan Africa: Does the moderating role of institutional quality matter?

Appiah,

Onifade,

Gyamfi

2024

Growth and Change

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Governments engage in infrastructural developments across the globe, and the level of success often colligates with institutional quality levels. However, despite the presence of governance, the lack of well‐developed infrastructure has bedevilled sub‐Saharan African (SSA) countries for decades. Therefore, this study investigates the governance‐led infrastructural development hypothesis for the SSA region from an institutional quality perspective towards addressing the infrastructural deficit challenges of the region. A combination of advanced panel econometric techniques was applied to data collected from the African Development Bank, World Bank World Development Indicator, and International Monetary Fund (IMF) to investigate the governance‐led infrastructural development hypothesis in SSA while controlling for financial development, economic growth, and industrialization in the region. The findings show that the interaction of institutional quality measures and governance indicators significantly and positively induces infrastructure in sub‐Saharan Africa (SSA). Additionally, while economic growth and financial development yield no expected significant influence on infrastructural developments, industrialization plays a crucial role, as its spillover effects are not confined to boosting economic growth alone but also to infrastructural transformations. Thus, the provision of policy frameworks by authorities to strengthen institutions and promote good governance is vital for articulating and facilitating infrastructural development plans for SSA.

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Section: Model Methods and Datamentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Analysing governance‐led infrastructural development nexus in sub‐Saharan Africa: Does the moderating role of institutional quality matter?

Appiah,

Onifade,

Gyamfi

2024

Growth and Change

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“…Ticaretin önündeki engellerin kaldırılması ekonomik faaliyetleri genişleterek tüm dünyayı tek bir pazar haline dönüştürmektedir. Ancak küresel finansal gelişme göstergeleri arasında yabancı sermaye hareketlerinin çevreye fayda sağlamaktan çok daha fazla kirlilik yaratacağı savunulmaktadır (Appiah et al, 2023).…”

Section: çEvresel Sorunlar üZerinde Ticari Açıklık Finansallaşma Ve E...unclassified

“…Gelişmekte olan ülkelerde finansallaşmanın çevreye olan etkisi çoğu zaman negatif yönde gerçekleşmektedir. Bu durumun varlığını ortaya çıkaran pek çok çalışma vardır (Appiah et al, 2023;Demir et al, 2019;Gokmenoglu & Sadeghieh, 2019;Kavas & Çoban, 2023;Pata, 2018;Zaidi et al, 2019).…”

Section: çEvresel Sorunlar üZerinde Ticari Açıklık Finansallaşma Ve E...unclassified

Geleneksel ve Katılım Bankalarında Parasal Aktarım Mekanizması Kredi Kanalı İşleyişi Üzerine Bir Analiz

Ergin Ünal,

Süsay Alkan

2023

Ekonomi Ve Finans Politikaları Üzerine Çalışmalar II

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Parasal aktarım mekanizması faiz kanalı yerine alternatif kanal olan kredi kanalının Türkiye ekonomisindeki işleyişinin araştırıldığı bu çalışmanın amacı; geleneksel bankacılık ve katılım bankacılığının reel ekonomiye katkısının incelenmesidir. Çalışmanın diğer çalışmalardan farkı finansal sistemdeki bankacılık sektöründe bulunan türler arasında kıyaslama yapılarak araştırılmasıdır. Dolayısıyla çalışmada, geleneksel ve katılım bankacılığının parasal aktarım mekanizması kredi kanalındaki rolleri tespit edilmeye çalışılmaktadır. Bu bağlamda çalışmada 2005:01 - 2022:04 dönemi aylık frekansta kredi hacimleri, kur, ekonomik büyüme ve enflasyon arasındaki eşbütünleşme ilişkisi ARDL Sınır Testi yaklaşımı ile incelenmiştir. Analiz sonuçlarına göre hem katılım bankaları hem de mevduat bankaları kredilerinin ve TL/Dolar kurunun ekonomik büyüme üzerinde uzun dönemde bir etkisi bulunmakta olup, katılım ve geleneksel bankaların toplam kredi hacimleri, ekonomik büyümeyi pozitif yönde etkilemektedir. Bu sonuç, parasal aktarım mekanizması kredi kanalı işleyişinin hem katılım hem de geleneksel bankacılıkta geçerli olduğunu göstermektedir.

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Do environmental regulations and technological innovation enhance environmental well‐being in sub‐Saharan Africa?

Manu,

Chen,

Adomako

2024

Bus Strat Env

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We investigate the regulation–technology–environment nexus in sub‐Saharan Africa (SSA), one of the world's most rapidly growing regions. Using a comprehensive panel dataset consisting of 32 countries from 2000 to 2022, we find that stronger environmental regulations and technological innovation enhance environmental well‐being. Moreover, we identify that stronger environmental regulations positively affect pro‐environment innovation. Finally, we present clear evidence for a dynamic and nonlinear regulation–technology–environment relationship, ruling out one‐size‐fits‐all policy approaches to environmental well‐being. Our results remain robust to different estimators, measurements, and sample selections.

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Does financialization enhance renewable energy development in Sub-Saharan African countries?

Cited by 27 publications

References 83 publications

Analysing governance‐led infrastructural development nexus in sub‐Saharan Africa: Does the moderating role of institutional quality matter?

Analysing governance‐led infrastructural development nexus in sub‐Saharan Africa: Does the moderating role of institutional quality matter?

Geleneksel ve Katılım Bankalarında Parasal Aktarım Mekanizması Kredi Kanalı İşleyişi Üzerine Bir Analiz

Do environmental regulations and technological innovation enhance environmental well‐being in sub‐Saharan Africa?

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