Greenhouse Gas Emissions and Economic Growth in Africa: Does Financial Development Play any Moderating Role?

Authors

  • Kunofiwa Tsaurai University of South Africa

Abstract

The study had two major objectives. Firstly, to investigate the influence of greenhouse gas emissions on economic growth. Secondly, to find out if the interaction between greenhouse gas emissions and financial development enhanced economic growth in Southern and Western African nations. Four econometric estimation methods, namely dynamic generalised methods of moments (GMM), pooled ordinary least squares (OLS), fixed and random effects were used with annual data ranging from 2001 to 2012. The impact of greenhouse gas emissions on economic growth was found to be non-significant positive (pooled OLS), non-significant negative (fixed and random effects) and significant positive (dynamic GMM). The interaction between greenhouse gas emissions and financial development was found to have had a significant positive effect on economic growth under the dynamic GMM, fixed and random effects. The non-significant positive influence of greenhouse gas emissions on economic growth is a finding produced by the pooled OLS regression approach.Keywords: Greenhouse Gas Emissions; Economic growth; AfricaJEL Classificiations: F43; N27; Q5DOI: https://doi.org/10.32479/ijeep.6988

Downloads

Download data is not yet available.

Author Biography

Kunofiwa Tsaurai, University of South Africa

Associate ProfessorDepartment of Finance, Risk Managment and Banking

Downloads

Published

2018-10-28

How to Cite

Tsaurai, K. (2018). Greenhouse Gas Emissions and Economic Growth in Africa: Does Financial Development Play any Moderating Role?. International Journal of Energy Economics and Policy, 8(6), 267–274. Retrieved from https://econjournals.com/index.php/ijeep/article/view/6988

Issue

Vol. 8 No. 6 (2018)

Section

Articles

License

Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication.