Heterogeneous Data Approach on Financial development of Selected African Leading Economies

Farouq, Ibrahim Sambo; Sulong, Zunaidah; Jakada, Aminu Hassan; Sambo, Nuraddeen Umar

doi:10.1016/j.dib.2020.105670

Cited by 10 publications

(3 citation statements)

References 3 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Nevertheless, most variables become stationary at the first difference. However, it is worthy to note the powerful nature of the heterogeneous panel result embedded well-built conjecture of cross sectional dependency assumed by single common factor (Ahmad, et al, 2018;Ahmad, et al, 2020b;Ahmad, et al, 2020c;Ahmad, et al, 2020d;Dabachi, et al, 2020;Farouq, et al, 2020a;Farouq, et al, 2020b;Jakada, et al, 2020a;Li, Zhang, Ali, & Khan, 2020;Danmaraya, et al, 2021). Nonetheless, it is reasonable to draw a conclusion and reject the null hypothesis of nonstationarity and test for co-integration.…”

Section: Resultsmentioning

confidence: 97%

The Effect of Electricity Distribution Loos, Electricity Power Consumption, Electricity Intensity on Energy Consumption in West Africa

Atiku

Ismail²,

Roslan³

et al. 2022

IJEEP

View full text Add to dashboard Cite

This paper analyses the effect of electricity distribution loos, carbon emissions, growth, and energy consumption nexus in West Africa utilising pooled series data that spans the decades of 1970 to 2019. The paper employs cross sectional auto regressive distributive lag model (CS-ARDL), and Dumitrescu Hurlin Causality Test. The result of unit root test reveals that the variables have mixed stationary. In addition, the empirical analysis revealed a statistically significant negative relationship between electricity distribution losses on energy consumption while electricity intensity level, electricity power consumption and economic growth prevails positive on energy consumption in the log-run. The result established a unidirectional causal relationship running from energy consumption LEC to electricity distribution losses LEDL while a bidirectional relationship was found between electricity intensity level LEIL causing LEPC electric power consumption and carbon emission LCO2.

show abstract

Section: Resultsmentioning

confidence: 97%

The Effect of Electricity Distribution Loos, Electricity Power Consumption, Electricity Intensity on Energy Consumption in West Africa

Atiku

Ismail²,

Roslan³

et al. 2022

IJEEP

View full text Add to dashboard Cite

show abstract

“…Standard errors developed by Driscoll and Kraay (1998) have been improved upon with the FE-OLS method. Furthermore, this statistical approach can withstand the presence of heterogeneity, dependence between sections, and autocorrelation (Ahmad, et al, 2018;Ahmad, et al, 2020c;Ahmad, et al, 2020d;Farouq, et al, 2020a;Farouq, et al, 2020b;Jakada et al, 2020a;Dabachi et al, 2020;Danmaraya et al, 2021). Specifically, we modify the panel framework of dynamic cointegration, mean difference within variations, and cross sections by introducing cointegration equilibrium in order to deal with the heterogeneity problem.…”

Section: Estimation Techniquesmentioning

confidence: 99%

Energy Consumption as a Measure of Energy Efficiency and Emissions in the MENA Countries: Evidence from GMM-Based Quantile Regression Approach

Alkhawaldeh

Al-Zeaud

Almarshad

2022

IJEEP

View full text Add to dashboard Cite

Efficient efficiency of energy resources has been shown to have positive effects on both GDP growth and GHG emissions. While the negative effects of climate change and pollution continue to worsen, there has been a global slowdown in the rate at which energy efficiency is improving. In the Middle East and North Africa (MENA), carbon dioxide (CO2) emissions can be considerably influenced by economic and energy consumption. Therefore, the purpose of this research is to apply the generalized method of moments based on a quantile regression approach (GMMQR) to data for CO2 emissions, energy efficiency, real income, and research and development in MENA from 1990 to 2021 in order to determine the factors that determine CO2 emissions under the environmental Kuznets curve (EKC) framework. Overall, the data showed that energy efficiency had a 3.2% impact on emissions reduction across all quantiles. In order to achieve their goals of lowering emissions and strengthening energy security, MENA states must increase the efficiency with which they use petroleum. Energy efficiency policies may have rebound effects, which might reduce their efficiency, according to this study.

show abstract

“…As such, the stake holders need to continue devising means towards improving their respective financial system, thereby allowing them to work freely with less government intervention. This is because researchers have shown that most of these oil exporting countries' financial sectors are dominantly controlled by government, and that limits their efficiency (Farouq et al, 2020).…”

Section: Conclusion and Policy Recommendationsmentioning

confidence: 99%

The Effect of Flow of Funds Uncertainty on Financial Development in Some Selected African Countries

Farouq¹,

Sulong²,

Sambo³

2021

JSSM

Self Cite

View full text Add to dashboard Cite

The purpose of this paper is to analyze the effects of financial globalisation uncertainty on financial development, included in the model are foreign direct investment and economic growth as control variables to avoid the misspecification of variables. This paper analyzed the effects based on the panel data analysis using the Westerlund cointegration method, Pooled Mean Group estimator and Dumitrescu and Hurlin causality test of eight top African economies, from 1970-2018. The result of the co-integration showed a long-run relationship between the variables with and without structural breaks. Also, there exists a bidirectional causality relationship between financial development and financial globalisation uncertainty.

show abstract

Heterogeneous Data Approach on Financial development of Selected African Leading Economies

Cited by 10 publications

References 3 publications

The Effect of Electricity Distribution Loos, Electricity Power Consumption, Electricity Intensity on Energy Consumption in West Africa

The Effect of Electricity Distribution Loos, Electricity Power Consumption, Electricity Intensity on Energy Consumption in West Africa

Energy Consumption as a Measure of Energy Efficiency and Emissions in the MENA Countries: Evidence from GMM-Based Quantile Regression Approach

The Effect of Flow of Funds Uncertainty on Financial Development in Some Selected African Countries

Contact Info

Product

Resources

About