Economic development thresholds for a green economy in sub-Saharan Africa
This study investigates how increasing economic development affects the green economy in terms of CO 2 emissions, using data from 44 countries in the sub-Saharan Africa for the period 2000–2012. The Generalized Method of Moments is used for the empirical analysis. The following main findings are est...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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SAGE Publishing
2020-01-01
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| Series: | Energy Exploration & Exploitation |
| Online Access: | https://doi.org/10.1177/0144598719835591 |
| Summary: | This study investigates how increasing economic development affects the green economy in terms of CO 2 emissions, using data from 44 countries in the sub-Saharan Africa for the period 2000–2012. The Generalized Method of Moments is used for the empirical analysis. The following main findings are established. First, relative to CO 2 emissions, enhancing economic growth and population growth engenders a U-shaped pattern whereas increasing inclusive human development shows a Kuznets curve. Second, increasing gross domestic product 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 CO 2 emissions. Fourth, an inequality-adjusted human development index of above 0.4969 is beneficial for a green economy because it is associated with a reduction in CO 2 emissions. The established critical masses have policy relevance because they are situated within the policy ranges of adopted economic development dynamics. |
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| ISSN: | 0144-5987 2048-4054 |