Economic growth, Industrialization, Trade, Electricity production and Carbon dioxide emissions: Evidence from Ghana

2021 ◽  
Vol 4 (1) ◽  
Author(s):  
Kingsley Appiah ◽  
Rhoda Appah ◽  
Oware Kofi Mintah ◽  
Benjamin Yeboah
Keyword(s):  
Economic Growth ◽  
Carbon Dioxide ◽  
Carbon Dioxide Emissions ◽  
Time Series Data ◽  
Electricity Production ◽  
Series Data ◽  
Data Set ◽  
Development Indicators ◽  
Explanatory Variables ◽  
Distributed Lag

Abstract: The study scrutinized correlation between electricity production, trade, economic growth, industrialization and carbon dioxide emissions in Ghana. Our study disaggregated trade into export and import to spell out distinctive and individual variable contribution to emissions in Ghana. In an attempt to investigate, the study used time-series data set of World Development Indicators from 1971 to 2014. By means of Autoregressive Distributed Lag (ARDL) cointegrating technique, study established that variables are co-integrated and have long-run equilibrium relationship. Results of long-term effect of explanatory variables on carbon dioxide emissions indicated that 1% each increase of economic growth and industrialization, will cause an increase of emissions by 16.9% and 79% individually whiles each increase of 1% of electricity production, trade exports, trade imports, will cause a decrease in carbon dioxide emissions by 80.3%, 27.7% and 4.1% correspondingly. In the pursuit of carbon emissions' mitigation and achievement of Sustainable Development Goal (SDG) 13, Ghana need to increase electricity production and trade exports.   

scholarly journals The Dynamic Relationship among Economic Growth, Energy Consumption and Environment in Iran

2015 ◽  
Vol 50 ◽  
pp. 118-128
Author(s):  
Hamid Amadeh ◽  
Parisa Kafi
Keyword(s):  
Economic Growth ◽  
Carbon Dioxide ◽  
Energy Consumption ◽  
Carbon Dioxide Emissions ◽  
Time Series Data ◽  
Series Data ◽  
Long Run ◽  
Integration Test ◽  
The Government ◽  
Growth Energy

In recent decades, environmental risks and hazards are more visible. These damages caused by a combination of factors such as population growth, economic growth, energy, and industrial activities. This study discusses long-run equilibrium relationship, short-term dynamic relationships and causal relationships between energy consumption, economic growth and the environment (carbon dioxide emissions) in Iran, by using time series data during 1971-2009, through Co integration test. Co integration test demonstrates that a long-run relationship exists among the three variables. It is obvious that carbon dioxide emissions will be increased by positive shock of energy consumption and economic growth, by a one percent increase in energy consumption and economic growth, carbon dioxide emissions will increase 55 and 43 percent respectively. The result of this study is important because of reducing carbon dioxide emissions from energy use and economic development matters. In other words, to reduce carbon dioxide emissions, the government should reduce the amount of Petroleum products in energy consumption, and it also improves the efficiency of using energy.

scholarly journals The Impact Of Human Capital On Nigeria's Economic Growth

2021 ◽  
Vol 17 (15) ◽  
Author(s):  
Yusufu Nigel Bachama ◽  
Aisha Adamu Hassan ◽  
Bello Ibrahim
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Time Series Data ◽  
Trade Openness ◽  
Health Sector ◽  
Series Data ◽  
Development Indicators ◽  
Distributed Lag ◽  
The Impact

Despite abundant evidence at microeconomic level, the role of human capital in promoting economic growth and development has not been well documented at the macroeconomic level – specifically in developing countries. This paper seeks to examine the role of human capital on economic growth in Nigeria using time series data covering the period from 1970-2019. The data are sourced from Central Bank of Nigeria (CBN) statistical bulletin and World Development Indicators of the World Bank. The data are analyzed using Autoregressive Distributed Lag model (ARDL). The study reveals that expenditure on health and education are found to be positively and significantly related with economic growth both in the short-run and long-run. However, labor negatively impact on economic growth and it was found to be significant. Again, trade openness and inflation are insignificant in explaining economic growth in this paper. Thus, the paper recommends that, Nigerian government should focus on improving the educational and health sector. Meaning that, huge amount of government budgetary allocation should be directed toward educational and health sector. So also, government should create more jobs opportunities (through skills acquisitions/ vocational training) to minimize the unemployment rate in the country.

scholarly journals Dynamic Impacts of Economic Growth and Forested Area on Carbon Dioxide Emissions in Malaysia

2020 ◽  
Vol 12 (22) ◽  
pp. 9375
Author(s):  
Rawshan Ara Begum ◽  
Asif Raihan ◽  
Mohd Nizam Mohd Said
Keyword(s):  
Economic Growth ◽  
Carbon Dioxide ◽  
Co2 Emissions ◽  
Carbon Emissions ◽  
Carbon Dioxide Emissions ◽  
Sustainable Forest Management ◽  
Time Series Data ◽  
Series Data ◽  
Forested Area ◽  
Dynamic Impacts

This study measures the relationship and dynamic impacts of economic growth and forested area on carbon dioxide (CO2) emissions in Malaysia. Time series data over the period of 1990 to 2016 were used by employing the dynamic ordinary least squared (DOLS) approach. The results of DOLS estimation indicate that the coefficient of economic growth is positive and significant with CO2 emissions, meaning that RM1 million increase in gross domestic product (GDP) is associated with an increase in CO2 emissions of 0.931 kilo tons. Instead, the long-run coefficient of forested area found negative and significant, which implies that declining one hectare of forested area (i.e., deforestation) has an impact of three kilo tons of CO2 emissions rise in Malaysia. Our study findings indicate that economic growth and deforested area have an adverse effect on Malaysia’s carbon emissions where GDP growth fosters carbon emissions at a faster rate. Thus, the effective implementation of policy measures and economic instruments including afforestation and reforestation, forest conservation, sustainable forest management, REDD+ (reducing emissions from deforestation and forest degradation plus) mechanism and other emission reduction mechanisms inter alia could be useful for reducing carbon emissions while decreasing deforestation and maintaining the long-term economic growth in Malaysia.

scholarly journals Renewable energy and population growth for sustainable development in the Southeast Asian countries

2021 ◽  
Vol 11 (1) ◽  
Author(s):  
Duc Hong Vo ◽  
Anh The Vo
Keyword(s):  
Economic Growth ◽  
Carbon Dioxide ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Population Growth ◽  
Carbon Dioxide Emissions ◽  
Time Series Data ◽  
Southeast Asian ◽  
Series Data ◽  
Energy Usage

AbstractThe energy–environment–growth nexus has been examined for the Association of Southeast Asian Nations (ASEAN) region, mainly using time series data. However, the important role of renewable energy and population has largely been ignored in previous studies. As such, this study is conducted to investigate a causal link between renewable energy usage, population, carbon dioxide emissions, and economic growth. In addition, a relatively new and advanced panel vector autoregressive model and the Granger non-causality test for heterogeneous panels are utilized with a sample of seven ASEAN countries for almost three decades since 1990. Key findings from this paper are as follows. First, renewable energy usage responds to population growth and leads to carbon dioxide (CO2) emissions. Second, economic growth and renewable energy usage explain a substantial proportion of the change in energy consumption. Third, a bidirectional Granger causality does exist in each pair among energy consumption, economic growth and CO2 emissions. We argue that moderating population growth and extending renewable energy usage are vital to achieving sustainable economic growth in the ASEAN region.

Relating energy consumption to real sector value added and growth in a developing economy

2019 ◽  
Vol 13 (1) ◽  
pp. 166-182 ◽  
Author(s):  
Ebere Ume Kalu ◽  
Pius Bala Daniel ◽  
Uchenna Florence Nwafor ◽  
Chinwe R. Okoyeuzu ◽  
Okoro E.U. Okoro ◽  
...  
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Time Series Data ◽  
Value Added ◽  
Industrial Sector ◽  
Series Data ◽  
Content Type ◽  
Development Indicators ◽  
Distributed Lag ◽  
Bound Test

Purpose The main aim of this study was to examine whether any relationship exists between energy consumption and value added of the agricultural and industrial sector as well as the overall growth rate of the Nigerian economy. Design/methodology/approach The study used annualized time series data from 1971 to 2014 drawn from the World Bank Development Indicators, adopting an autoregressive distributed lag technique in the data analyses as well as the bound test and error correction representation. Findings There is a very strong evidence of the existence of a long-run relationship between energy consumption and indicators of economic growth. There are very strong proofs that economic growth and agricultural value added adjust to the shocks and dynamics of the studied energy-consumption-related variables while manufacturing value added proved otherwise. Originality value No study to the best of our knowledge has brought together aggregate growth, agricultural value added and manufacturing value added in the investigation of the energy consumption and economic growth nexus in one study using the Nigerian stylized economic environment. This represents the value added of this study and shows its originality.

Macro-Economic Disequilibrium and Educational Development in Nigeria between 1980-2017

2019 ◽  
Vol 10 (08) ◽  
pp. 20592-21600
Author(s):  
Gbadebo Salako ◽  
Adejumo Musibau Ojo ◽  
Jaji Ayobami Francis
Keyword(s):  
Time Series Data ◽  
Educational Development ◽  
Negative Relationship ◽  
Series Data ◽  
Explanatory Variables ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Long Run ◽  
Stationarity Test ◽  
Level I

This study empirically investigates the effects of macroeconomic disequilibrium on educational development in Nigeria. The study employed time series data between 1980 and 2017. Autoregressive Distributed Lag method of estimation was employed. The result revealed that the variables stationarity test were mixed between the first difference I(I) and level I(0). The cointegration result shows that there exist long run relationship between the variables. The result revealed that Balance of payment, Poverty, Debt rate inflation and unemployment exhibited negative relationship with educational development. The estimation result showed that all explanatory variables account for 88% variation of educational development in Nigeria. It is therefore recommended that government should fast track policies that can stabilize inflation and exchange rate in the country. Also, Policies must be formulated to reduce poverty and unemployment.

Does Tax Increment Financing Pass the “But-for” Test in Missouri?

2019 ◽  
Vol 33 (3) ◽  
pp. 187-202
Author(s):  
Ahmed Rachid El-Khattabi ◽  
T. William Lester
Keyword(s):  
Economic Development ◽  
Kansas City ◽  
Time Series Data ◽  
Local Level ◽  
Conclusive Evidence ◽  
Series Data ◽  
Tax Increment Financing ◽  
Data Set ◽  
Development Indicators ◽  
The Impact

The use of tax increment financing (TIF) remains a popular, yet highly controversial, tool among policy makers in their efforts to promote economic development. This study conducts a comprehensive assessment of the effectiveness of Missouri’s TIF program, specifically in Kansas City and St. Louis, in creating economic opportunities. We build a time-series data set starting 1990 through 2012 of detailed employment levels, establishment counts, and sales at the census block-group level to run a set of difference-in-differences with matching estimates for the impact of TIF at the local level. Although we analyze the impact of TIF on a wide set of indicators and across various industry sectors, we find no conclusive evidence that the TIF program in either city has a causal impact on key economic development indicators.

Fish Exports and Economic Growth: The Pakistan’s Experience

2019 ◽  
Vol 20 (2) ◽  
pp. 279-296 ◽  
Author(s):  
Syed Tehseen Jawaid ◽  
Mohammad Haris Siddiqui ◽  
Zeeshan Atiq ◽  
Usman Azhar
Keyword(s):  
Economic Growth ◽  
Time Series Data ◽  
Positive Impact ◽  
Impulse Response Function ◽  
Policy Implications ◽  
Sensitivity Analyses ◽  
Series Data ◽  
Distributed Lag ◽  
Long Run ◽  
Short Run

This study attempts to explore first time ever the relationship between fish exports and economic growth of Pakistan by employing annual time series data for the period 1974–2013. Autoregressive distributed lag and Johansen and Juselius cointegration results confirm the existence of a positive long-run relationship among the variables. Further, the error correction model reveals that no immediate or short-run relationship exists between fish exports and economic growth. Different sensitivity analyses indicate that initial results are robust. Rolling window analysis has been applied to identify the yearly behaviour of fish exports, and it remains negative from 1979 to 1982, 1984 to 1988, 1993 to 1999, 2004 and from 2010 to 2013, and it shows positive impact from 1989 to 1992, 2000 to 2003 and from 2005 to 2009. Furthermore, the variance decomposition method and impulse response function suggest the bidirectional causal relationship between fish exports and economic growth. The findings are beneficial for policymakers in the area of export planning. This study also provides some policy implications in the final section.

Comparative Study on BRIC Carbon Dioxide Emissions - Econometric Empirical Test Based on Cross-Century Time Series Data

2012 ◽  
Vol 616-618 ◽  
pp. 1512-1515
Author(s):  
Wei Hua Du
Keyword(s):  
Carbon Dioxide ◽  
Time Series ◽  
Carbon Dioxide Emissions ◽  
Time Series Data ◽  
Comparative Statics ◽  
Total Carbon ◽  
Series Data ◽  
Per Capita Gdp ◽  
Bric Countries ◽  
Per Capita

Take for example the BRIC economies: Brazil, Russia, India and China. We investigated the time series data on the relationship between carbon dioxide emission and economic growth in these fast-growing developing countries by both comparative statics and comparative dynamics. The results show that there is the monotonic relationship between total carbon dioxide emissions, carbon dioxide emissions per capita and per capita GDP in any one of the BRIC countries. And there is decreasing relationship between the carbon dioxide emissions per unit GDP and per capita GDP.

Export-led Growth Hypothesis: Econometric Evidence from Malaysia

2013 ◽  
Vol 14 (2) ◽  
pp. 94-112
Author(s):  
Hassanudin Mohd Thas Thaker ◽  
Tan Siew Ee ◽  
Sushant Vaidik
Keyword(s):  
Economic Growth ◽  
Time Series Data ◽  
Series Data ◽  
Vector Error Correction ◽  
Distributed Lag ◽  
Long Run ◽  
Paper Cover ◽  
Econometric Evidence ◽  
Augmented Dickey Fuller ◽  
Growth Hypothesis

The objective of this paper is to test the validity of the Export-led Growth Hypothesis (ELGH) in the Malaysian economy. Malaysia has always been considered to have attained its growth primarily through exports (Okposin, Bassey, Hamid, Halim, and Boon, 1999; Mun, 2008; Mahathir, 1990). In the past, several studies on this topic have been conducted but their analyses were limited to relationships using Bound-testing, Autoregressive –Distributed Lag (ARDL) and the Toda Yamamoto analysis. Empirical data and analysis in our paper cover a 21 – year span and quarterly time-series data (1991:Q1 – 2012:Q4) are used to test this ELG hypothesis. Also, many dynamic econometric measures including the Augmented Dickey Fuller (ADF) and Phillip – Perron (PP) unit root tests, Cointegration test as well as the Vector Error Correction model (VEC) for the long run have been applied. Based on these generic models, both real exports and capital stock (productivity) are found to have stimulated positive adjustments to economic growth in the long run whereas real exchange rate is found to have influenced economic growth negatively. Overall, our conclusion is that the ELG hypothesis seems applicable to Malaysia in the long run.

Sign in / Sign up

Export Citation Format

Share Document