A multivariate analysis of carbon dioxide emissions, electricity consumption, economic growth, financial development, industrialization, and urbanization in Senegal

2016 ◽  
Vol 12 (1) ◽  
pp. 77-84 ◽  
Author(s):  
Samuel Asumadu-Sarkodie ◽  
Phebe Asantewaa Owusu
Keyword(s):  
Economic Growth ◽  
Carbon Dioxide ◽  
Multivariate Analysis ◽  
Financial Development ◽  
Carbon Dioxide Emissions ◽  
Electricity Consumption

scholarly journals The Economic Determinants of the CO2 Emission in Saudi Arabia: The role and impact: المحددات الاقتصادية لانبعاثات ثاني أكسيد الكربون في المملكة العربية السعودية "الدور والأثر"

2019 ◽  
Vol 3 (12) ◽  
Author(s):  
Amal Hassan ALmalki, Nahla Sadrudden Samargandi, Abla Abdulh
Keyword(s):  
Economic Growth ◽  
Carbon Dioxide ◽  
Saudi Arabia ◽  
Foreign Direct Investment ◽  
Carbon Dioxide Emissions ◽  
Direct Investment ◽  
Trade Openness ◽  
Electricity Consumption ◽  
Economic Determinants

This study examined the impact of a number of economic determinants such as economic growth, electricity consumption, foreign direct investment, financial development, trade openness and their contribution to increase or decrease of carbon dioxide (CO2) emissions in Saudi Arabia. To explore the long-run relationships between the variables, the autoregressive distributed lag (ARDL) methodology, is employed to analyze time series data for the period 1980-2017. Results indicates that there has is a long-term positive relationship between electricity consumption, economic growth, trade openness, and carbon dioxide emissions. A long-term negative relationship is existed between both foreign direct investment and the financial development, and carbon dioxide emissions. Therefore, we see how important it is to reduce dependence on fossil fuels and switch to renewable energy in electricity production. This indicates the importance of Vision 2030 to reduce dependence on oil as a major source of income and to support economic growth by developing the non-oil sector. And the importance of raising the efficiency of funding and providing the necessary liquidity to support the industrial sectors with the imposition of strict environmental laws.        

scholarly journals Modelling electricity consumption in Ghana: the role of financial development indicators

Green Finance ◽  
2021 ◽  
Vol 4 (1) ◽  
pp. 54-70
Author(s):  
Peter Ansu-Mensah ◽  
◽  
Paul Adjei Kwakwa ◽  
Keyword(s):  
Carbon Dioxide ◽  
Private Sector ◽  
Financial Development ◽  
Carbon Dioxide Emissions ◽  
Direct Investment ◽  
Electricity Consumption ◽  
Development Indicators ◽  
Domestic Credit ◽  
Financial Index

<abstract> <p>Access to electricity is touted as one of the ways of reducing poverty and improving the livelihoods of people. However, an increased consumption may also contribute to higher carbon dioxide emissions. While many studies have therefore assessed the determinants of electricity consumption for developing countries that have a lower electricity consumption and inadequate supply to meet demand, the effect of financial development on electricity consumption has been mixed. Consequently, this study models electricity consumption in Ghana with special attention on the effect of financial development. The results show that price reduces electricity consumption while income and population density increase consumption of electricity. When financial development is represented by domestic credit to private sector, domestic credit to private sector by banks and broad money supply, the effect is negative on electricity consumption. However, the effect is positive when financial development is represented by foreign direct investment. A financial index constructed from the four indicators shows financial development reduces electricity consumption in Ghana. Among other things the policy implication includes the need to formulate appropriate policy based on a specific indicator for financial development.</p> </abstract>

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