Industrial growth and emissions of CO2 in Ghana: The role of financial development and fossil fuel consumption

Abokyi, Eric; Appiah-Konadu, Paul; Abokyi, Francis; Oteng-Abayie, Eric Fosu

doi:10.1016/j.egyr.2019.09.002

Cited by 189 publications

(92 citation statements)

References 40 publications

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“…The inverted N-shaped curves plotted between firm size and the concentrations of NO 2 and CO per capita in our study provide insights from the perspective of the microeconomic industrial growth on the validity of EKC in Japan (Rafindadi, 2016). They also contribute evidence for the EKC of industrial growth, in terms of average industrial firm size and NO 2 and CO emissions, besides the U-shaped relationship between environmental efficiency and industrial agglomeration in China (Wang and Wang, 2019) and the inverted U-shaped relationship between industrial added value and CO2 emission in Ghana (Abokyi et al, 2019).…”

Section: Ardl Analysis Resultssupporting

confidence: 63%

“…However, there appears a scarcity of studies done on the EKC of industrial growth, despite the fact that industrial growth contributes substantially to economic growth and exert major effects on environmental degradation. Some recent studies include those of Abokyi et al (2019) examining the EKC of industrial growth in Ghana by using Industry value-added, and Wang & Wang (2019) validating the EKC of industrial agglomeration in China. Thus, the current study presents a new light on the EKC hypothesis -the average size of industrial firms, which is a completely new area of exploration to the best of our knowledge.…”

Section: Introductionmentioning

confidence: 99%

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Exploring Environmental Kuznets Curves of Kitakyushu: 50-Year Time-Series Data of the OECD SDGs Pilot City

et al. 2019

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Can green growth policies help protect the environment while keeping the industry growing and infrastructure expanding? The City of Kitakyushu, Japan, has actively implemented eco-friendly policies since 1967 and recently inspired the pursuit of sustainable development around the world, especially in the Global South region. However, empirical studies on the effects of green growth policies are still lacking. This study explores the relationship between road infrastructure development and average industrial firm size with air pollution in the city through the Environmental Kuznets Curve (EKC) hypothesis. Auto-Regressive Distributed Lag (ARDL) and Non-linear Auto-Regressive Distributed Lag (NARDL) methods were applied on nearly 50-years' time series data, from 1967 to 2015. The results show that the shape of the EKC of industrial growth, measured by average firm size, depends on the type of air pollution: inverted N-shaped relationships with NO 2 and CO, and the U-shaped relationships with falling dust particle and O x. Regarding infrastructure development, on the one hand, our analysis shows a positive effect of road construction on alleviating the amount of falling dust and CO concentration. On the other hand, the emissions of NO 2 and O x are shown to rise when plotted against road construction. The 1 This is the working draft of an accepted manuscript with Palgrave Communications (Nature Research). For proper referencing, please use the following suggested citation:

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Section: Ardl Analysis Resultssupporting

confidence: 63%

Section: Introductionmentioning

confidence: 99%

Exploring Environmental Kuznets Curves of Kitakyushu: 50-Year Time-Series Data of the OECD SDGs Pilot City

et al. 2019

View full text Add to dashboard Cite

show abstract

“…The inverted N-shaped curves between firm size and the concentrations of NO 2 and CO per capita in our study provide insights from the perspective of the microeconomic industrial growth on the validity of EKC in Japan (Rafindadi, 2016). They also contribute evidence for the EKC of industrial growth, in terms of average industrial firm size and NO 2 and CO emissions, besides the U-shaped relationship between environmental efficiency and industrial agglomeration in China (Wang and Wang, 2019) and the inverted U-shaped relationship between industrial added value and CO2 emission in Ghana (Abokyi et al, 2019).…”

Section: Resultssupporting

confidence: 59%

“…However, there appears a scarcity of studies done on the EKC of industrial growth, despite the fact that industrial growth contributes substantially to the economic growth and exert major effects on environmental degradation. Some recent studies include those of Abokyi et al (2019), which examines the EKC of industrial growth in Ghana by using Industry value added; and Wang and Wang (2019), which validate the EKC of industrial agglomeration in China. Thus, the current study presents a new perspective on the EKC hypothesis-the average size of industrial firm, which is a completely new area of exploration to the best of our knowledge.…”

mentioning

confidence: 99%

The trilemma of sustainable industrial growth: evidence from a piloting OECD’s Green city

Vuong

Nguyen

2019

Palgrave Commun

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Can green growth policies help protect the environment while keeping the industry growing and infrastructure expanding? The City of Kitakyushu, Japan has actively implemented eco-friendly policies since 1967 and recently inspired the pursuit of sustainable development around the world, especially in the Global South region. However, empirical studies on the effects of green growth policies are still lacking. This study explores the relationship between road infrastructure development and average industrial firm size with air pollution in the city through the Environmental Kuznets Curve (EKC) hypothesis. Auto-Regressive Distributed Lag (ARDL) and Non-linear Auto-Regressive Distributed Lag (NARDL) methods were applied on nearly 50-years' time series data, from 1967 to 2015. The results show that the shape of the EKC of industrial growth, measured by average firm size, depends on the type of air pollution: inverted N-shaped relationships with NO 2 and CO, and the U-shaped relationships with falling dust particle and O x. Regarding infrastructure development, on the one hand, our analysis shows a positive effect of road construction on alleviating the amount of falling dust and CO concentration. On the other hand, the emissions of NO 2 and O x are shown to rise when plotted against road construction. The decline of CO emission, when plotted against both industrial growth and road development, indicates that the ruthlessness of the local government in pursuing green growth policies has been effective in this case. However, the story is not straightforward when it comes to other air pollutants, which hints at the limits of the current policies. The case of Kitakyushu illustrates the complex dynamics of the interaction among policy, industry, infrastructure, and air pollution. It can serve as an important reference point for other cities in the Global South when policies are formed, and progress is measured in the pursuit of a green economy. Finally, as an OECD SDGs pilot city and the leading Asian green-growth city, policymakers in Kitakyushu city are recommended to revise the data policy to enhance the findability and interoperability of data, as well as to invest in the application of big data.

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“…Further, the study also supported the hypothesis of EKC in Turkey, as well as an inverted U-shaped link between EG achievement and environmental quality. This hypothesis was further supported in a specific sector; an inverted U-shaped relationship between growth in the industrial sector and EP can be found based on the studies of Muhammad [6] and Abokyi et al [11].…”

Section: Theoretical Review and Frameworkmentioning

confidence: 68%

Energy Consumption, Income, Trading Openness, and Environmental Pollution: Testing Environmental Kuznets Curve Hypothesis

Chien¹

2020

Journal of Southwest Jiaotong University

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The purpose of this study is to examine the effects of energy consumption, economic growth, and trade openness on environmental pollution in a developing country, especially in the case of Vietnam. The study was conducted on the basis of time-series data collected in the period of time between the years 1990 and 2014. By a method of autoregressive distributed lag and testing the hypothesis of the environmental Kuznets curve, our result demonstrated that environmental Kuznets curve could be found in both the long run and short run. There existed an inverted U-shaped relationship between different pollutants and per capita income. Further, energy consumption could positively affect carbon dioxide (CO2) emissions in the short run, but negatively could affect CO2 emissions in the long run because of transformation from non-renewable energy sources to renewable energy sources. In addition, environmental pollution converged on its long-run equilibrium by at least 29.4% with the speed adjustment via the channel of income, energy consumption, and trade openness. In terms of trade openness, the country has a positive and significant effect on CO2 emissions in both the long run and short run.

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Industrial growth and emissions of CO2 in Ghana: The role of financial development and fossil fuel consumption

Cited by 189 publications

References 40 publications

Exploring Environmental Kuznets Curves of Kitakyushu: 50-Year Time-Series Data of the OECD SDGs Pilot City

Exploring Environmental Kuznets Curves of Kitakyushu: 50-Year Time-Series Data of the OECD SDGs Pilot City

The trilemma of sustainable industrial growth: evidence from a piloting OECD’s Green city

Energy Consumption, Income, Trading Openness, and Environmental Pollution: Testing Environmental Kuznets Curve Hypothesis

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