Foreign direct investment and inclusive green growth in Africa: Energy efficiency contingencies and thresholds

Ofori, Isaac Kwesi; Gbolonyo, Emmanuel; Ojöng, Nathanael

doi:10.1016/j.eneco.2022.106414

Cited by 44 publications

(10 citation statements)

References 187 publications

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“…The positive influence of the GE on employment may be attributed to several factors associated with a green economy that fosters an equitable society and establishes occupations, highlighting its positive impact on the workforce sector and this is in line with [ 49 , 50 , 84 , 85 ]. Moreover, concerning the environmental dimension with natural capital, it stands to logic that nations with high-quality natural resources have an advanced level of economic development, which corresponds to the input factors of the production function, among which are natural resources.…”

Section: Discussionmentioning

confidence: 74%

Assessing the role of green economy on sustainable development in developing countries

Houssam

Ibrahiem

Sucharita

et al. 2023

Heliyon

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Section: Discussionmentioning

confidence: 74%

Assessing the role of green economy on sustainable development in developing countries

Houssam

Ibrahiem

Sucharita

et al. 2023

Heliyon

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“…Some recent models of the SFA capture different sources of efficiency, such as time‐varying TE and time‐invariant PE (Kumbhakar et al, 2015). Therefore, some recent empirical papers also enrich the literature in this direction, such as Filippini and Hunt (2012) and Filippini and Hunt (2016) at the state level, Filippini and Zhang (2016) at the provincial level, Alberini and Filippini (2018) at the sector level, Amjadi and Lundgren (2022) at the firm level, and Adom et al (2018), Sun et al (2020), Adom et al (2021), Agradi et al (2022), and Ofori et al (2023) at the country level. As can be seen, SFA studies on energy efficiency have inspired a number of methodological and analytical avenues for researchers.…”

Section: Literature Reviewmentioning

confidence: 99%

Material demand and material efficiency for sustainable development in the European Union countries: A stochastic frontier analysis

Alataş

Hiçyılmaz

Karakaya

2023

Sustainable Development

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Materials are of great importance as they are fundamentally integrated into many different critical topics, including green transition, technological progress, industrial emissions, and supply chains. Therefore, the amount of materials we demand and employ in the production process or how efficiently we use them become highly crucial. In this paper, we study the emerging role of materials with a special focus on the key role of material efficiency (ME) in climate mitigation. To this end, we empirically investigate the main determinant of material demand and evaluate the ME performance in the European Union (EU) countries over the period of 1995–2019 based on a four‐component Stochastic Frontier Analysis (SFA) panel data approach that separates unobserved country effects from persistent and transient inefficiency. We obtain the following outcomes. First, material demand function estimates reveal that economic growth and energy consumption are the main drivers of domestic material consumption, highlighting the need for promoting sustainable energy and economic growth. Second, although the SFA‐based ME scores significantly vary across countries, transient inefficiency is the main source of overall inefficiency for most countries, suggesting that there is considerable potential for improvement in ME. While Finland, Sweden, Denmark, Bulgaria, Cyprus, France, and Slovenia improve their ME performance over time, the ME score of some other countries, such as Ireland, Portugal, Italy, Spain, and the Slovak Republic reveal an opposite outcome. Third, the results show that material intensity is not always a good proxy for ME.

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“…Energy e ciency is measured through energy intensity which reveals the energy required to produce one unit of GDP (Kwilinski et al, 2023). The foreign direct investment is explained through a net in ow of foreign direct investment (%GDP), (Gbolonyo, et al 2023a In Eq. ( 3), GEG is the dependent variable.…”

Section: Data and Variable Descriptionmentioning

confidence: 99%

Fostering Green Economic Growth: Exploring the Synergy of Green Innovation, Energy Efficiency, and Foreign Direct Investment in OECD Nations

Khan,

Naheed,

Shaheen

et al. 2023

Preprint

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Due to continuous increase in economic growth all over the world, countries have faced increasing environmental and social issues. Due to harmful environmental consequences of economic growth, green economic growth is vital for sustainable development. However, despite its significance, the driving factors of green growth remain underexplored in empirical evidence. Moreover, technological innovation, efficient energy consumption and investment in green projects may direct the movement of green growth. Therefore, this study looks at how green innovation, energy efficiency and foreign direct investment impact on sustainable economic growth in OECD countries. The study's data ranged from 2000 to 2019 and collected from WDI and OECD databases. Cross-Sectional Dependency, Unit Root test, and Pannel Cointegration test were used in this study to address the data problems. We use Cross-Sectional Autoregressive Distributed Lags (CS-ARDL) estimator for long and short runs and Augmented Mean Group (AMG) test to check the robustness. The results show that green innovation, energy Efficiency and foreign direct investment affect green economic development significantly and positively, both over the long and short runs and help to improve sustainable economic development in OECD countries.

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Foreign direct investment and inclusive green growth in Africa: Energy efficiency contingencies and thresholds

Cited by 44 publications

References 187 publications

Assessing the role of green economy on sustainable development in developing countries

Assessing the role of green economy on sustainable development in developing countries

Material demand and material efficiency for sustainable development in the European Union countries: A stochastic frontier analysis

Fostering Green Economic Growth: Exploring the Synergy of Green Innovation, Energy Efficiency, and Foreign Direct Investment in OECD Nations

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