Natural resource rents, globalisation and environmental degradation: New insight from 5 richest African economies

Aladejare, Samson Adeniyi

doi:10.1016/j.resourpol.2022.102909

Cited by 65 publications

(28 citation statements)

References 80 publications

(107 reference statements)

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“…Where more and more exploration of natural resources will increase pressure on the environment which causes degradation of the environment. This is consistent with previous research (Aladejare, 2022;and Majeed et al, 2021) that, as economic agents continue to strive for better economic growth and development, more pressure is placed on the energy demand, which further encourages additional investments in further exploitation of natural resources, when this occurs, environmental degradation is exacerbated.…”

Section: Resultssupporting

confidence: 92%

The Impact of Renewable Energy and Education on G-20 Environmental Degradation

Partini

Ekananda

2023

EDAJ

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The efforts of the G-20 for sustainable development continue to be pursued in order to improve human welfare while reducing pressure on ecological resources. The ecological footprint is used as a more comprehensive measure that can see the pressure on the environment that comes from human activities. Using panel data from 19 G-20 countries from 1992 to 2018, this study aims to analyze the dynamic linkages of economic growth, use of renewable energy and level of education to the ecological footprint of the G20 countries. This study uses the PMG-ARDL analysis method to see the dynamic relationship between variables and makes it possible to see cointegration or long-term relationships. The estimation results show that in the long run an increase in per capita income will follow the EKC hypothesis. However, the educational attainment of the increase in the average length of schooling of the G-20 countries does not follow the EKC hypothesis and has not been able to directly reduce the ecological footprint. The higher the education level of a person can put higher pressure on the environment. However, education will indirectly make an increase in the level of income to be able to get to the turning point so that an increase in income can have the possibility of reducing pressure on the environment. This shows that the level of education can make the stability of environmental conditions return to a state of balance more quickly if there is a disturbance or shock to the condition of environmental balance.

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Section: Resultssupporting

confidence: 92%

The Impact of Renewable Energy and Education on G-20 Environmental Degradation

Partini

Ekananda

2023

EDAJ

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“…The current analysis is particularly noteworthy in that it gives policy insights for China at various frequencies and time periods. Previously, studies (e.g., Abbasi et al, 2021; Adedoyin et al, 2020; Aladejare, 2022; Cheng et al, 2021; Danish et al, 2020; Khan et al, 2020; Magazzino et al, 2021; Pata, 2018; Shahbaz et al, 2013; Xu et al, 2022) primarily employed time domain and frequency domain approaches to examine these linkages.…”

Section: Introductionmentioning

confidence: 99%

Trade‐off between environmental sustainability and economic growth through coal consumption and natural resources exploitation in China: New policy insights from wavelet local multiple correlation

Adebayo

2022

Geological Journal

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Challenges brought on by the rapid rate of economic growth include the depletion of natural resources (NAR) and environmental deterioration. Due to its abundant mineral resources and rapid economic growth, China has gained attention from both the developing and developed worlds. Using data from 1970/Q1 to 2020/Q4, this paper evaluates the time‐frequency nexus between CO2 emissions and natural resources, coal consumption, and economic growth. The study employs the Wavelet Local Multiple Correlation (WLMC) to explore this nexus. This approach enhances the capacity to comprehend the fundamental relationships between these indicators at different frequencies. To the best of the investigator' knowledge, this is the first empirical investigation to explore the time‐frequency nexus between natural resource, economic growth, coal use, and CO2 emissions in China, thus filling a gap in the literature. Furthermore, wavelet coherence is employed as a robustness check. The WLMC bivariate cases revealed that economic growth, coal consumption, and natural resources drive CO2 emissions positively at all frequencies, that is, in the short and long‐term, thus leading to environmental degradation. Furthermore, the wavelet coherence results support the outcomes of the WLMC bivariate cases. This study offers significant implications for policy and insights that are supported by the findings.

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“…The unprecedented rise in global energy demand has been generating critical concerns in recent decades due to its intense contribution to the context of global warming (Aladejare, 2022a;Aladejare, 2023a;Akram et al, 2022). For instance, in 1980, the energy consumption level was 7.323 terawatt-hours, but it moved to 25.343 terawatt-hours in 2021 (IRENA, 2022).…”

Section: Introductionmentioning

confidence: 99%

“…For instance, in 1980, the energy consumption level was 7.323 terawatt-hours, but it moved to 25.343 terawatt-hours in 2021 (IRENA, 2022). Similarly, the average global temperature in 2021 alone was about 1.11 0 C, while the world temperature data from 2015 to 2021 consistently exceeded 1 0 C, rising beyond the pre-industrial levels (Aladejare, 2022a). A pointer is that the preference for energy by households and businesses has been the primary source of greenhouse gas (GHG) emissions.…”

Section: Introductionmentioning

confidence: 99%

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Renewable Energy and Ecological Sustainability in Africa: Does Foreign Debt and Financial Globalisation Matter?

Aladejare¹

2023

Preprint

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Since the last decade, ecological preservation has become a critically debated topic in developing and developed nations. Hence, to ensure environmental sustainability, countries and international bodies have been canvassing for measures that support severe restrictions to protect the Earth's biodiversity. Without such an approach, sustaining the ecological quality needed for sustainable growth and development will be a mirage if current greenhouse gas levels are not tamed. Hence, this study investigated the effect of renewable energy consumption on the ecological sustainability of 44 African countries and the accompanying roles of external debt and financial globalisation in the relationship. Second-generation estimation techniques were employed and deduced inferences from the cross-sectional autoregressive distributed lag method used in the study. It was empirically demonstrated that renewable energy is insignificant for ecological sustainability without debt stock and financial globalisation. However, the inclusion of both variables revealed that while renewable energy and financial globalisation accelerated ecological sustainability, external debt worsened it in the short and long-term periods. Therefore, relevant policy measures were proposed in the study. JEL Classification: H54, N77, O3.

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Natural resource rents, globalisation and environmental degradation: New insight from 5 richest African economies

Cited by 65 publications

References 80 publications

The Impact of Renewable Energy and Education on G-20 Environmental Degradation

The Impact of Renewable Energy and Education on G-20 Environmental Degradation

Trade‐off between environmental sustainability and economic growth through coal consumption and natural resources exploitation in China: New policy insights from wavelet local multiple correlation

Renewable Energy and Ecological Sustainability in Africa: Does Foreign Debt and Financial Globalisation Matter?

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