The effects of economic growth, trade liberalization, and financial development on environmental sustainability in West Africa. The role of institutions

Baajike, Franklin Bedakiyiba; Ntsiful, Enoch; Afriyie, Angela Boakye; Oteng-Abayie, Eric Fosu

doi:10.1016/j.resglo.2022.100104

Cited by 18 publications

(11 citation statements)

References 47 publications

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“…CO2, primarily a by-product of energy generation and use, is responsible for most greenhouse gases linked to global warming (Ahmad M et al, 2022). Third, it is empirically supported in the literature as most studies proxy GHG with CO2 emissions (Baajike et al, 2022;Oteng-Abayie et al, 2022;Saud et al, 2023).…”

Section: Datamentioning

confidence: 92%

“…It is driven by deforestation, solid waste, grazing, sulfur emissions, carbon emissions, erosion, water pollution, etc. We follow the existing literature and use CO2 emissions as the dependent variable to measure environmental sustainability (Baajike et al, 2022). Such a decision is based on the following reasons.…”

Section: Datamentioning

confidence: 99%

“…The above data were obtained from the World Development Indicators (WDI) and in the range of−2.5 to 2.5. All the other variables were chosen based on theory and previous research, such as the work of (Ahmad S et al, 2022;Baajike et al, 2022;Shabir et al, 2022;Amin et al, 2023).…”

Section: Datamentioning

confidence: 99%

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The role of innovation in environmental-related technologies and institutional quality to drive environmental sustainability

Shabir

Hussaın

Işık

et al. 2023

Front. Environ. Sci.

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In this study, we examine the long-run effect of environmental-related technological innovation, institutional quality, trade openness, energy consumption, and economic growth on CO2 emissions in APEC countries from 2004 to 2018. Firstly, panel unit root tests were used to explore the stationarity of each data series. The panel unit root test findings showed that all data series are stationary at the first difference. Second, the Westerlund panel cointegration test was used to deal with heterogeneity and cross-sectional dependence. Thirdly, the empirical findings from the augmented mean group (AMG) and common correlated effects mean group (CCEMG) estimators indicate that environmental-related technological innovation and institutional quality destructively affect CO2 emissions. In contrast, trade openness, energy consumption, and economic growth positively impact CO2 emissions. While causality analysis refers to the unidirectional causality runs from trade openness, energy consumption to CO2 emission and bidirectional causality relationships are between technological innovation, institutional quality, GDP, CO2 emission. Based on the findings, we proposed that APEC countries should raise investment in environmental-related technological innovation and improve the quality of the institutional environment to achieve sustainable development targets.

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Section: Datamentioning

confidence: 92%

Section: Datamentioning

confidence: 99%

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The role of innovation in environmental-related technologies and institutional quality to drive environmental sustainability

Shabir

Hussaın

Işık

et al. 2023

Front. Environ. Sci.

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“…Further, Baajike et al (2022) argued that trade liberalization discouraged environmental sustainability in West Africa between 2005 and 2018, but it may have improved environmental sustainability due to quality institutions and a well-regulated market. Deng et al (2022) found that foreign direct investment (FDI) inflows reduce and increase pollution before and after the threshold level, respectively, in upper-middleincome and low-income countries, while financial development facilitates and decelerates environmental pollution before and after threshold levels, respectively.…”

Section: Introductionmentioning

confidence: 99%

The Impacts of Financial Development, Trade Openness, Natural Resources Rent, and Government Expenditure on Economic Growth: Evidence in Northeast Asia

Anh Tru

2023

vjas

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The association among financial development, trade openness, natural resources rent, government expenditure, and economic growth has been investigated by scholars, but the results have been controversial. This study attempts to examine the relationship among financial development, trade openness, natural resources rent, government expenditure, and economic growth in three Northeast Asian countries, namely China, Japan, and the Republic of Korea, between 1981 and 2020 using the fixed effect and random effect models. The results of the feasible generalized least squares model stated that economic growth of these countries can be fostered by financial development and trade openness. However, surprisingly, natural resources rent had a negative effect on the economic growth of the three countries in the region, while the relationship between government expenditure and economic growth was not statistically significant. Finally, policies are recommended to accelerate economic growth and achieve sustainable development for the region. First, financial development should be encouraged by improving domestic credit to the private sector. Second, trade openness should be facilitated to exploit competitive advantages in export-led growth, and science and technology. Finally, the countries should implement sustainable growth models to their reduce dependence on natural resources and achieve sustainable development for the region.

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“…(Krueger, 1995) menemukan bahwa ketika pertumbuhan ekonomi meningkat akan berdampak pada kualitas lingkungan, seperti ditunjukkan hubungan berbentuk U terbalik, yang populer disebut Environmental Kuznets Curve (EKC). Beberapa penelitian telah mengkonfirmasi hipotesis EKC, misalnya, (Alhassan et al, 2022;Baajike et al, 2022;Erdoğan et al, 2022;Kahia et al, 2021;Kihombo et al, 2022;Luo et al, 2021;Wei et al, 2021;Weimin et al, 2022) namun (Amri et al, 2020;Samimi et al, 2011) tidak mengkonfirmasi hipotesis EKC. Selain itu, pertumbuhan ekonomi dapat memberikan banyak dampak terhadap kehidupan, terutama terhadap lingkungan (Umar et al, 2020).…”

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Apakah Pertumbuhan Ekonomi mampu berjalan beriringan dengan Keberlanjutan Lingkungan?

Adry,

Putri,

Hernanda

2023

JMPE

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The influence of human activity on the environment is becoming one of the world's significant problems. This arises because of growing concerns about the influence of each country's economic activity on the global environment. On the other hand, sustainable economic growth and human well-being are recognized as dependent on the benefits derived from the environment. This study aims to analyze the impact of economic growth on environmental quality in Indonesia. To analyze the impact, regression analysis of polynomial panels was used by using panel data from 34 provinces in Indonesia in 2014 – 2019. The results found that non-linear GDP per capita only had a significant effect on the quality of land cover and water quality in Indonesia, but it did not have a significant effect on air quality. As for provinces in Java and Bali, it was found that non-linear GDP per capita only had a significant effect on air quality and land cover but did not have a significant effect on water quality in the area. Unlike provinces outside Java and Bali, GDP per capita non-linearly has a significant effect on air and water quality, but it does not have a significant effect on land cover quality. These results provide different recommendations for each regional cluster.

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The effects of economic growth, trade liberalization, and financial development on environmental sustainability in West Africa. The role of institutions

Cited by 18 publications

References 47 publications

The role of innovation in environmental-related technologies and institutional quality to drive environmental sustainability

The role of innovation in environmental-related technologies and institutional quality to drive environmental sustainability

The Impacts of Financial Development, Trade Openness, Natural Resources Rent, and Government Expenditure on Economic Growth: Evidence in Northeast Asia

Apakah Pertumbuhan Ekonomi mampu berjalan beriringan dengan Keberlanjutan Lingkungan?

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