Reinvest the Relationship Between Exports and Economic Growth in African Countries: New Insights From Innovative Econometric Methods

Bakari, Sayef

doi:10.47509/ijaeb.2022.v04i02.07

Cited by 2 publications

(1 citation statement)

References 46 publications

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“…This study used dynamic ordinary least squares (DOLS) and FMOLS estimators. The theoretical explanation is as follows [58]:…”

Section: Methodsmentioning

confidence: 99%

Exploring the Roles of Education, Renewable Energy, and Global Warming on Health Expenditures

Piran,

Sharifi,

Safari

2023

Sustainability

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Renewable energy sources—which are available in abundance all around us and are provided by the sun, wind, water, waste, and heat from the Earth—are replenished by nature and emit little to no greenhouse gases or pollutants into the air. This paper builds upon a preceding study that examined beliefs, perceptions, and attitudes regarding renewable energy technologies. In this study, we examine the implications renewable energy sources may have on science, technology policies, and education. This study embraced a sequential mixed-methods methodology to accomplish its objectives. The primary goal of this study was to ascertain the impact of global warming, education, and renewable energy on healthcare expenditure. In order to determine the impact of renewable energy on health care expenditure, the present research study coupled renewable energy with gross domestic product (GDP). Based on the long-term outcomes derived from our Fully Modified Ordinary Least Squares (FMOLS) and Dynamic Ordinary Least Squares (DOLS) estimators, GDP, renewable energy, and education were found to be adversely correlated with healthcare expenditure. To collect data, we conducted interview sessions, which were subsequently complemented by a survey that was completed by 400 respondents (specifically chosen research participants). We then conducted thematic analyses. The findings of this study underscore a compelling inverse relationship linking GDP, renewable energy integration, and education with healthcare spending. Regions displaying lower healthcare outlays are seemingly less strained ecologically due to their judicious utilization of renewable energy sources. Furthermore, based on our findings, a noteworthy correlation between healthcare expenditure and global warming was observed, underscoring the potential escalation of financial burdens with intensifying climate shifts. In light of our findings, advocating for the amplification of renewable energy deployment emerges as a prudent strategy to fortify public health while mitigating healthcare expenses. Augmenting investments in education acts as a pivotal lever to steer sustainable growth. It is noteworthy that the survey participants’ level of familiarity with renewable energy technology was not found to be connected to their educational backgrounds, revealing a disparity in knowledge. The prevailing unfamiliarity with sustainability principles among the respondents underscores the need for widespread awareness initiatives. This study acts as a holistic exploration of the ramifications of renewable energy on healthcare expenditure; this is intertwined with the complex tapestry of global warming and education. The implications of renewable energy reverberate across policy and practice, accentuating the urgency of sustainable energy adoption for the betterment of public health and economic resilience. Future studies should focus on conducting more nuanced assessments of socio-economic aspects and generate strategies for bridging knowledge gaps among diverse stakeholders.

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“…This study used dynamic ordinary least squares (DOLS) and FMOLS estimators. The theoretical explanation is as follows [58]:…”

Section: Methodsmentioning

confidence: 99%

Exploring the Roles of Education, Renewable Energy, and Global Warming on Health Expenditures

Piran,

Sharifi,

Safari

2023

Sustainability

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Cointegrating and causality relationship between exports and economic growth: case for Botswana

Chiwira,

Muchingami,

Jambani

2024

IJRBS

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The study employed the Autoregressive Distributed Lag (ARDL) Bounds model to test for cointegration and the Toda and Yamamoto and Dolado and Lütkepohl (TYDL) model to examine the direction of causality between exports and economic growth for Botswana covering the period 1980 to 2021. Exports statistically positively affect economic growth both in the short-run and long-run and trade openness is detrimental to economic growth both in the short-run and long-run. Economic growth promotes exports both in the short-run and long-run. Economic growth granger causes exports and indirectly influences exports through trade openness and consumer price index. Furthermore, there exists bidirectional causality between economic growth and the consumer price index. The findings underscore the importance of maintaining a healthy and stable macroeconomic environment in Botswana. In addition, a well-rounded approach that considers both export-oriented industrialization and import substitution strategies remains essential for a robust economic growth trajectory.

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Reinvest the Relationship Between Exports and Economic Growth in African Countries: New Insights From Innovative Econometric Methods

Cited by 2 publications

References 46 publications

Exploring the Roles of Education, Renewable Energy, and Global Warming on Health Expenditures

Exploring the Roles of Education, Renewable Energy, and Global Warming on Health Expenditures

Cointegrating and causality relationship between exports and economic growth: case for Botswana

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