2020
DOI: 10.1177/0144598720941999
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Financial development, income inequality and carbon emissions in sub-Saharan African countries: A panel data analysis

Abstract: This paper examines the dynamic relationship between financial development, income inequality and carbon dioxide (CO2) emissions in a step-wise fashion, using data from 39 sub-Saharan African (SSA) countries during the period 2004–2014. The study uses three income inequality indicators – the Gini coefficient, the Atkinson index and the Palma ratio – to examine these linkages. The study employs the generalised method of moments as the estimation technique. The empirical findings show that financial development … Show more

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Cited by 93 publications
(71 citation statements)
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“…The control variables are largely significant. It is relevant to emphasize that the results which are opposite to those of Odhiambo (2020), nonetheless, validate the findings of Odhiambo (2020) because the underlying study has used a negative environmental sustainability signal (i.e. CO2 emissions) while the present study has used a positive environmental sustainability signal (i.e.…”
Section: Presentation Of Resultssupporting
confidence: 80%
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“…The control variables are largely significant. It is relevant to emphasize that the results which are opposite to those of Odhiambo (2020), nonetheless, validate the findings of Odhiambo (2020) because the underlying study has used a negative environmental sustainability signal (i.e. CO2 emissions) while the present study has used a positive environmental sustainability signal (i.e.…”
Section: Presentation Of Resultssupporting
confidence: 80%
“…Accordingly, the strand of literature supporting the findings in the bottom quantiles include, inter alia: Salinger (1992), Klassen and McLaughlin (1996), Yuxiang andChen (2011), Frankel andRose (2002), Paramati, Apergi and Ummalla (2017), Paramati, Moand Gupta (2017), Kutan, Paramati, Ummallaand Zakari (2017) and Odhiambo (2020). On the contrary, findings in the top quantiles that are consistent with the corresponding literature supporting the fact that financial systems (especially those that are more developed) could contribute more towards environmental pollution, include, inter alia: Minettit (2011), Aye and Edoja (2017) and Xing et al(2017).…”
Section: Nexus With the Literature And Contributions To Practice And Theorymentioning
confidence: 94%
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