Macroeconomic determinants of CO₂ emissions: evidence from selected top African countries

Ibrahim Sambo Farouq and Zunaidah Sulong (2023) Macroeconomic determinants of CO₂ emissions: evidence from selected top African countries. Journal of Sustainability Science and Management (Malaysia), 18 (8). pp. 50-73. ISSN 2672-7226

This research inspired by the growing threats to environmental quality examines the mitigating effects of Information and Communication Technology (ICT) on carbon emissions of African leading economies. ICT behaviour is essential for economic growth, but its environmental consequences cannot be underrated. As such the study contributes to the prevailing literature by examining the effect of ICT, economic growth, foreign direct investment, and financial development on the quality of the environment from 1970 to 2019, in the study we considered 10 leading African countries. To achieve the given objective, the study applied the Pooled Mean Group (PMG) panel method of estimation to determine the long-run as well as the short-run dynamic relationship. The results of the study show that economic growth, financial development, and ICT have a positive and significant effect on carbon emissions while foreign direct investment has a negative relationship with the amount of carbon emissions. The study recommended that energyefficient technologies should be applied not only at the manufacturing level but also at transport and household levels. The implementation of environmentally sustainable the technology would help improve the quality of the environment, increase sustainability in the long term and conserve resources for future generations.

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Abstract

This research inspired by the growing threats to environmental quality examines the mitigating effects of Information and Communication Technology (ICT) on carbon emissions of African leading economies. ICT behaviour is essential for economic growth, but its environmental consequences cannot be underrated. As such the study contributes to the prevailing literature by examining the effect of ICT, economic growth, foreign direct investment, and financial development on the quality of the environment from 1970 to 2019, in the study we considered 10 leading African countries. To achieve the given objective, the study applied the Pooled Mean Group (PMG) panel method of estimation to determine the long-run as well as the short-run dynamic relationship. The results of the study show that economic growth, financial development, and ICT have a positive and significant effect on carbon emissions while foreign direct investment has a negative relationship with the amount of carbon emissions. The study recommended that energyefficient technologies should be applied not only at the manufacturing level but also at transport and household levels. The implementation of environmentally sustainable the technology would help improve the quality of the environment, increase sustainability in the long term and conserve resources for future generations.

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Item Type:	Article
AGROVOC Term:	gas emissions
AGROVOC Term:	greenhouse gas emissions
AGROVOC Term:	Information and Communication Technologies
AGROVOC Term:	economic growth
AGROVOC Term:	research
AGROVOC Term:	mathematical models
AGROVOC Term:	linear models
AGROVOC Term:	energy efficiency
AGROVOC Term:	sustainability
Geographical Term:	Nigeria
Uncontrolled Keywords:	ICT, GDP, financial development, FDI, PMG-ARDL.
Depositing User:	Nor Hasnita Abdul Samat
Date Deposited:	20 Mar 2025 04:17
Last Modified:	20 Mar 2025 04:17
URI:	http://webagris.upm.edu.my/id/eprint/1629

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