T. Onanuga, Olaronke, T. Onanuga, Abayomi, M. Oshinloye, Olufemi, Osobase, Anthony, A. Odusanya, Ibrahim. (1400). Structural Change, Financial Development, and Carbon Dioxide Emissions: Does Evidence Support EKC for Sub-Sahara Africa?. , 25(3), 437-451. doi: 10.22059/ier.2021.84141
Olaronke T. Onanuga; Abayomi T. Onanuga; Olufemi M. Oshinloye; Anthony Osobase; Ibrahim A. Odusanya. "Structural Change, Financial Development, and Carbon Dioxide Emissions: Does Evidence Support EKC for Sub-Sahara Africa?". , 25, 3, 1400, 437-451. doi: 10.22059/ier.2021.84141
T. Onanuga, Olaronke, T. Onanuga, Abayomi, M. Oshinloye, Olufemi, Osobase, Anthony, A. Odusanya, Ibrahim. (1400). 'Structural Change, Financial Development, and Carbon Dioxide Emissions: Does Evidence Support EKC for Sub-Sahara Africa?', , 25(3), pp. 437-451. doi: 10.22059/ier.2021.84141
T. Onanuga, Olaronke, T. Onanuga, Abayomi, M. Oshinloye, Olufemi, Osobase, Anthony, A. Odusanya, Ibrahim. Structural Change, Financial Development, and Carbon Dioxide Emissions: Does Evidence Support EKC for Sub-Sahara Africa?. , 1400; 25(3): 437-451. doi: 10.22059/ier.2021.84141

Structural Change, Financial Development, and Carbon Dioxide Emissions: Does Evidence Support EKC for Sub-Sahara Africa?

Iranian Economic Review
دوره 25، شماره 3، پاییز 2021، صفحه 437-451    اصل مقاله (779.57 K)
شناسه دیجیتال (DOI): 10.22059/ier.2021.84141
نویسندگان
Olaronke T. Onanuga* 1؛ Abayomi T. Onanuga2؛ Olufemi M. Oshinloye3؛ Anthony Osobase2؛ Ibrahim A. Odusanya4
1Department of Economics, KolaDaisi University, Ibadan, Nigeria; Center for Economic Policy and Development Research (CEPDeR), Covenant University, Canaanland, Ota, Ogun State, Nigeria
2Department of Economics, Olabisi Onabanjo University, Ago-Iwoye, Ogun State, Nigeria
3Department of Banking and Finance, Olabisi Onabanjo University, Ago-Iwoye, Ogun State, Nigeria
4Department of Economics, University of Lagos, Akoka, Lagos State, Nigeria
چکیده
There are clear signs of climate change in Africa, on the contrary, the continent has limited economic and financial muscle to generate clean, low-carbon, greener, and energy-efficient production activities needed to improve environmental quality. Hence, this paper examines the impact of structural change and financial development on carbon dioxide emissions and tests whether the EKC hypothesis is supported for 31 sampled Sub-Saharan African countries between 1990 and 2017. The study utilizes the pooled mean group heterogeneous panel data. The study finds that the EKC exists for all income groups. The deterministic role of financial development is observed for low and lower-middle-income countries, while the influential role of financial development was obtained for upper-middle and high-income countries. Structural change, industrialization, and agriculture increase the level of CO2 in upper-middle and high, lower-middle, and low-income countries, respectively. To minimize climate change in Africa, there is a need to invest in energy-efficient industrialization and agricultural practices, which could be achieved through targeted financial support.
کلیدواژه‌ها
Structural Change؛ Financial Development؛ Carbon Dioxide Emissions؛ Sub-Saharan Africa؛ Income Group
مراجع
آمار
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