Human Capital, Income Inequality and Energy Demand Nexus in sub-Sahara Africa: Insights from Asymmetric Approach

Onatunji, Olufemi Gbenga; Oyeleke, Olusola Joel; Dauda, Rasaki Stephen

doi:10.1007/s13132-024-01886-0

J Knowl Econ

2024

DOI: 10.1007/s13132-024-01886-0

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Human Capital, Income Inequality and Energy Demand Nexus in sub-Sahara Africa: Insights from Asymmetric Approach

Olufemi Gbenga Onatunji,

Olusola Joel Oyeleke,

Rasaki Stephen Dauda

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Achieving sustainable development in Sub‐Saharan Africa: Do human capital and foreign direct investment matter?

Onatunji

2024

Manage Decis Econ

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Over the past few decades, there has been a noticeable development of interest among scholars and policymakers worldwide regarding the prominent drivers of sustainable development. The role of human capital and foreign direct investment (FDI) in fostering sustainable development, however, has been largely neglected by policymakers and scholars, despite recent emphasis on FDI amidst current economic performance worldwide, particularly in developing countries. This study empirically investigates the effect of human capital and FDI on sustainable development in sub‐Saharan Africa (SSA) spanning 1991–2021. The empirical analysis was implemented by deploying different techniques, such as feasible generalized least squares, panel corrected standard errors, and Lewbel two‐stage least square techniques, with the panel quantile regression approach as a robustness check. The empirical outcomes show that improvement in human capital via educational attainment fosters economic expansion, employment opportunities, and poverty reduction, whereas an increase in health human capital undermines sustainable development in SSA. The findings also reveal that increasing FDI flows to priority sectors in the region are critical for enhancing human capital, thus stimulating economic performance, job opportunities, and poverty alleviation in SSA. This study puts forward important policy implications for achieving sustainable development.

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Achieving sustainable development in Sub‐Saharan Africa: Do human capital and foreign direct investment matter?

Onatunji

2024

Manage Decis Econ

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Human Capital, Income Inequality and Energy Demand Nexus in sub-Sahara Africa: Insights from Asymmetric Approach

Cited by 1 publication

References 73 publications

Achieving sustainable development in Sub‐Saharan Africa: Do human capital and foreign direct investment matter?

Achieving sustainable development in Sub‐Saharan Africa: Do human capital and foreign direct investment matter?

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