Interactive Effects of Carbon Dioxide Molecules, Demographic Changes on Financial Development in Sub-Saharan Africa

Q1 Economics, Econometrics and Finance
Charles O. Manasseh, Chine Sp Logan, Ebele Igwemeka, F. C. Ekwunife, Chukwunonso F. Onoh, O. Okanya, G. C. Eje, Kingsley C. Ezechi, Wilfred O. Okonkwo
{"title":"Interactive Effects of Carbon Dioxide Molecules, Demographic Changes on Financial Development in Sub-Saharan Africa","authors":"Charles O. Manasseh, Chine Sp Logan, Ebele Igwemeka, F. C. Ekwunife, Chukwunonso F. Onoh, O. Okanya, G. C. Eje, Kingsley C. Ezechi, Wilfred O. Okonkwo","doi":"10.32479/ijeep.14652","DOIUrl":null,"url":null,"abstract":"This study examines the interaction impacts of carbon dioxide molecule emissions and population changes on financial development in Sub-Saharan Africa (SSA). The study used yearly time series data spanning the years 2000 to 2021. Following the PMG and FE results, the dynamic system GMM estimator was used in the study. The study found a significant inverse long-run relationship between carbon dioxide (CO2) emissions and financial development. Also, demographic changes have a significant positive impact on financial development. The interaction term findings demonstrate that changes in CO2 and GHG emissions have a negative and significant influence on the impact of the money supply ratio on financial development in SSA. The study suggests policies that support the adoption of financial aid or other incentives for initiatives that reduce CO2 emissions. Additionally, initiatives to support financial inclusion, uphold financial stability, encourage the expansion of infrastructure, advance social welfare, and ensure environmental sustainability should be made. Therefore, the SSA countries might benefit from their expanding populations to drive long-term economic expansion and improve living standards for their people.","PeriodicalId":38194,"journal":{"name":"International Journal of Energy Economics and Policy","volume":" 34","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2024-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Energy Economics and Policy","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.32479/ijeep.14652","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"Economics, Econometrics and Finance","Score":null,"Total":0}
引用次数: 0

Abstract

This study examines the interaction impacts of carbon dioxide molecule emissions and population changes on financial development in Sub-Saharan Africa (SSA). The study used yearly time series data spanning the years 2000 to 2021. Following the PMG and FE results, the dynamic system GMM estimator was used in the study. The study found a significant inverse long-run relationship between carbon dioxide (CO2) emissions and financial development. Also, demographic changes have a significant positive impact on financial development. The interaction term findings demonstrate that changes in CO2 and GHG emissions have a negative and significant influence on the impact of the money supply ratio on financial development in SSA. The study suggests policies that support the adoption of financial aid or other incentives for initiatives that reduce CO2 emissions. Additionally, initiatives to support financial inclusion, uphold financial stability, encourage the expansion of infrastructure, advance social welfare, and ensure environmental sustainability should be made. Therefore, the SSA countries might benefit from their expanding populations to drive long-term economic expansion and improve living standards for their people.
二氧化碳分子、人口变化对撒哈拉以南非洲金融发展的交互影响
本研究探讨了二氧化碳分子排放和人口变化对撒哈拉以南非洲(SSA)金融发展的交互影响。研究使用了 2000 年至 2021 年的年度时间序列数据。根据 PMG 和 FE 的结果,研究使用了动态系统 GMM 估计器。研究发现,二氧化碳(CO2)排放与金融发展之间存在显著的反向长期关系。此外,人口变化对金融发展也有显著的正向影响。交互项的研究结果表明,二氧化碳和温室气体排放量的变化对货币供应率对撒哈拉以南非洲金融发展的影响具有显著的负面影响。该研究建议制定政策,支持采取财政援助或其他激励措施来减少二氧化碳排放。此外,还应采取支持金融包容性、维护金融稳定、鼓励扩大基础设施、促进社会福利和确保环境可持续性的举措。因此,撒哈拉以南非洲国家可能会从其不断扩大的人口中受益,从而推动长期的经济扩张,提高人民的生活水平。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 求助全文
来源期刊
International Journal of Energy Economics and Policy
International Journal of Energy Economics and Policy Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)
CiteScore
3.20
自引率
0.00%
发文量
296
审稿时长
14 weeks
期刊介绍: International Journal of Energy Economics and Policy (IJEEP) is the international academic journal, and is a double-blind, peer-reviewed academic journal publishing high quality conceptual and measure development articles in the areas of energy economics, energy policy and related disciplines. The journal has a worldwide audience. The journal''s goal is to stimulate the development of energy economics, energy policy and related disciplines theory worldwide by publishing interesting articles in a highly readable format. The journal is published bimonthly (6 issues per year) and covers a wide variety of topics including (but not limited to): Energy Consumption, Electricity Consumption, Economic Growth - Energy, Energy Policy, Energy Planning, Energy Forecasting, Energy Pricing, Energy Politics, Energy Financing, Energy Efficiency, Energy Modelling, Energy Use, Energy - Environment, Energy Systems, Renewable Energy, Energy Sources, Environmental Economics, Oil & Gas .
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术官方微信