Economic development thresholds for a green economy in sub-Saharan Africa

Abstract

This study investigates how increasing economic development affects the green economy in terms of CO2 emissions, using data from 44 countries in the sub-Saharan Africa for the period 2000–2012. The Generalized Method of Moments is used for the empirical analysis. The following main findings are established. First, relative to CO2 emissions, enhancing economic growth and population growth engenders a U-shaped pattern whereas increasing inclusive human development shows a Kuznets curve. Second, increasing gross domestic product growth beyond 25% of annual growth is unfavorable for a green economy. Third, a population growth rate of above 3.089% (i.e. annual %) has a positive effect of CO2 emissions. Fourth, an inequality-adjusted human development index of above 0.4969 is beneficial for a green economy because it is associated with a reduction in CO2 emissions. The established critical masses have policy relevance because they are situated within the policy ranges of adopted economic development dynamics.

The Mobile Phone, Information Sharing and Financial Sector Development in Africa: A Quantile Regressions Approach

“…The following findings can be presented for Table 2 on This computation is consistent with contemporary interactive regressions literature (Agoba et al, 2019;Asongu & Odhiambo, 2019a, 2019b, 2019c. Third, the significant control variables have the expected signs for the most part.…”

Natural Resource Exports, Foreign Aid and Terrorism

“…Given the unexpected results, an extended analysis is performed in which net effects are computed. In accordance with recent literature on interactive regressions (Asongu and Odhiambo 2019a, 2019b, Agoba et al, 2019, these net effects are constitutive of the unconditional effect from terrorism and the conditional impacts from the interaction between foreign aid and terrorism dynamics. Based on the extended analysis, bilateral aid and total aid modulate terrorism dynamics to induce net positive effects on fuel exports while multilateral aid moderates terrorism dynamics to engender negative net effects on fuel exports.…”

Financial Access and Productivity Dynamics in Sub-Saharan Africa

“…The section presents the empirical results in Tables 1-2. Each table shows To investigate the problem statement motivating this research which is to assess how enhancing financial access affects dynamics of TFP, as documented by contemporary interactive regressions scholarship, net impacts are computed (Agoba, Abor, Osei & Sa-Aadu, 2019;Asongu & Odhiambo, 2019c). These net effects embody both the unconditional effect of financial access as well as the conditional effect underpinned by the interactive regression.…”