To limit the effects of carbon emissions and realize the Sustainable Development Goals (SDGs), countries worldwide seek efficient energy usage, economic sustainability, and natural resource blessing. Studies at the continental level mostly neglected the differences between the continents, while this study explores the long-run effect of natural resource rents, economic development, and energy consumption on carbon emissions and their interactions across the global panel of 159 countries divided into six continents from 2000 to 2019. Recently proposed panel estimators, causality tests, variance decomposition, and impulse response techniques were adopted.
View Article and Find Full Text PDFUrbanization and economic growth in sub-Saharan Africa have undergone dramatic changes in recent decades with countries in sub-Saharan Africa seeking to industrialize their economies to boost economic growth. This study, with panel data from 37 sub-Saharan countries between the time period of 1995 and 2017, employs panel cointegration tests and pooled mean group ARDL (PMG-ARDL) techniques and the Dumitrescu-Hurlin causality test to empirically examine the impact of urbanization, economic growth, energy consumption, and industrialization on carbon emissions. Results from the PMG estimator confirm no significant impact of urbanization on carbon emissions in both the long run and short run.
View Article and Find Full Text PDFCarbon emission has been documented as a significant component of greenhouse gas that has been a significant source of environmental distortion globally. Based on panel data of 15 nations from 1980 to 2017, this study empirically investigates the impact of energy consumption, economic growth, urbanization, and energy consumption on carbon emission using panel co-integration tests and pooled mean group ARDL (PMG-ARDL) techniques. We augment the model with urbanization to establish the role urbanization plays in energy consumption, economic growth, and carbon emission nexus.
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