Economic Development Thresholds for a Green Economy in Sub-Saharan Africa
Author | : Simplice Asongu |
Publisher | : |
Total Pages | : |
Release | : 2019 |
ISBN-10 | : OCLC:1197883026 |
ISBN-13 | : |
Rating | : 4/5 (26 Downloads) |
Download or read book Economic Development Thresholds for a Green Economy in Sub-Saharan Africa written by Simplice Asongu and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This study investigates how increasing economic development affects the green economy in terms of CO2 emissions, using data from 44 countries in the SSA for the period 2000-2012. The Generalised Method of Moments (GMM) is used for the empirical analysis. The following main findings are established. First, relative to CO2 emissions, enhancing economic growth and population growth engenders a U-shaped pattern whereas increasing inclusive human development shows a Kuznets curve. Second, increasing GDP growth beyond 25% of annual growth is unfavorable for a green economy. Third, a population growth rate of above 3.089% (i.e. annual %) has a positive effect of CO2 emissions. Fourth, an inequality-adjusted human development index (IHDI) of above 0.4969 is beneficial for a green economy because it is associated with a reduction in CO2 emissions. The established critical masses have policy relevance because they are situated within the policy ranges of adopted economic development dynamics.