RETRACTED ARTICLE: Trade openness and CO2 emanations: a heterogeneous analysis on the developing eight (D8) countries

Musah, Mohammed; Kong, Yusheng; Mensah, Isaac Adjei; Li, Kaodui; Vo, Xuan Vinh; Bawuah, Jonas; Agyemang, Joseph Kwasi; Antwi, Stephen Kwadwo; Donkor, Mary

doi:10.1007/s11356-021-13816-7

Cited by 58 publications

(28 citation statements)

References 88 publications

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“…This proves that in regions where FinTech is highly developed, there is a higher probability of improved green finance and green growth. Finally, the overall financial development is credited for the escalation in CO2 emission by some studies; Musah et al (2021), in the study of trade openness and CO2 emission, introduced financial development as a control variable and found that financial development increases CO2 in (D8) countries. Again, Yasin et al (2021) found that financial development, urbanization, composition effect, and energy consumption worsen CO2 emission.…”

Section: Financial Systemmentioning

confidence: 99%

“…However, the study has a keen interest in capturing the effect of time on this relationship. Thus, consistent with existing literature (Musah et al, 2021;Coffie et al, 2020), a panel time-series econometric model is employed for this purpose. Specifically, the model forms are derived as follows;…”

Section: Model Specificationmentioning

confidence: 99%

“…Again, for equations ( 2a) and (2b), 𝛼 𝑖 represents the time-invariant country-specific effects with 𝜑 𝑖𝑡 representing the stochastic white noise error terms. Conversely, to ensure the robustness of the approximation by minimizing heteroscedasticity problems, we follow existing literature (Musah et al, 2021) to log-transform equations ( 2a) and (2b) as follows;…”

Section: Model Specificationmentioning

confidence: 99%

“…Recent studies establish divergent associations between financial development and C02 emission (Mukhtarov et al, 2020;Musah et al, 2021;Zhou et al, 2020). While this is possible because of the contribution of finance to production and economic growth, the use of only "domestic credit to the private sector" as an explanatory variable ignores the role of FinTech in this relationship.…”

mentioning

confidence: 99%

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FinTech and CO2 Emission: Evidence from (Top 7) Mobile Money Economies in Africa

Coffie

Ahiabenu

Yeboah

et al. 2022

Preprint

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Financial technology has evolved from a mediation role into an established sub-market within the financial ecosystem, gaining a superior advantage over the traditional financial system. Therefore, to ascertain if this advantage extends to protecting our environment, this study estimates the relationship between financial technology and carbon emission from the top seven (7) mobile money economies in sub-Saharan Africa. A balanced panel dataset from 2009 to 2020 is employed and estimated with the FMOLS estimator after checking for cross-sectional dependence, unit-root, stationarity, and cointegration. Results from the estimation suggest a negatively significant relationship between financial technology and carbon emission in these countries. However, domestic credit to the private sector revealed a statistically insignificant relationship with carbon emission for the same period. Further, foreign direct investment reduces carbon emissions. However, gross domestic product and trade openness increases carbon emission in these countries. Therefore, it is recommended that financial technology developers in the sub-region should consider green financial products and services to ensure cleaner production and a better environment.

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Section: Financial Systemmentioning

confidence: 99%

Section: Model Specificationmentioning

confidence: 99%

Section: Model Specificationmentioning

confidence: 99%

mentioning

confidence: 99%

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FinTech and CO2 Emission: Evidence from (Top 7) Mobile Money Economies in Africa

Coffie

Ahiabenu

Yeboah

et al. 2022

Preprint

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“…Second, to check whether or not heterogeneity exists, we used the homogeneity test developed by Pesaran and Yamagata (40). This was because ignoring slope heterogeneity might prejudice the regression analysis and lead to wrong tests of hypotheses (41)(42)(43). The null hypothesis of homogeneity was evaluated with the alternative hypothesis of heterogeneity.…”

Section: Cross-sectional Dependence and Slope Heterogeneitymentioning

confidence: 99%

Exploring the Dynamic Nexus Among Economic Growth, Industrialization, Medical Technology, and Healthcare Expenditure: A PMG-ARDL Panel Data Analysis on Income-Level Classification Along West African Economies

Tackie

Chen

Ahakwa

et al. 2022

Front. Public Health

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This article explored the dynamic nexus among economic growth, industrialization, medical technology, and healthcare expenditure in West Africa while using urbanization and aged population as control variables. West African countries were sub-sectioned into low-income (LI) and lower-middle-income (LMI) countries. Panel data extracted from the World Development Indicators (WDI) from 2000 to 2019 were used for the study. More modern econometric techniques that are vigorous to cross-sectional dependence and slope heterogeneity were employed in the analytical process in order to provide accurate and trustworthy results. The homogeneity test and cross-sectional dependency test confirmed the studied panels to be heterogeneous and cross-sectionally dependent, respectively. Moreover, the CADF and CIPS unit root tests showed that the variables were not integrated in the same order. This, thus, leads to the employment of the PMG-ARDL estimation approach, which unveiled economic growth and urbanization as trivial determinants of healthcare expenditure in the LI and LMI panels. However, the results affirmed industrialization as a major determinant of healthcare expenditure in the LI and LMI panels. Additionally, medical technology was confirmed to decrease healthcare expenditure in the LMI panel, whereas in the LI panel, an insignificant impact was witnessed. Also, the aged population was found to intensify healthcare expenditure in both the LI and LMI panels. Lastly, on the causal connection between the series, the outcome revealed a mixture of causal paths among the variables in all the panels. Policy recommendations have therefore been proposed based on the study's findings.

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Environmental consequence of Australian agricultural trade: An asymmetric analysis

Kashem,

Rahman,

Khanam

2023

Sustainable Development

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Link between environmental degradation and agricultural trade balance (ATB) is an under investigated issue. This article, therefore, investigates the issue for Australia using the data of 1988–2021. In this investigation when a linear model is applied, support for short‐run impact is revealed. However, linear model is unable to explore the asymmetry of the relationship. Therefore, to assess the asymmetry a nonlinear model is applied. The latter model has supported both short‐ and long‐run asymmetry adjustment by the ATB on Australian pollution. The findings reveal that improvement of the ATB is harmful for Australian environment, and agro import related economic activities are environmentally more efficient than agro export activities. However, to improve the environmental condition, agricultural commodity import substitution is not a viable option for the country. The result also validates the EKC hypothesis, and additionally when environmental pollution is concerned, national income is as important as the ATB of Australia.

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RETRACTED ARTICLE: Trade openness and CO2 emanations: a heterogeneous analysis on the developing eight (D8) countries

Cited by 58 publications

References 88 publications

FinTech and CO2 Emission: Evidence from (Top 7) Mobile Money Economies in Africa

FinTech and CO2 Emission: Evidence from (Top 7) Mobile Money Economies in Africa

Exploring the Dynamic Nexus Among Economic Growth, Industrialization, Medical Technology, and Healthcare Expenditure: A PMG-ARDL Panel Data Analysis on Income-Level Classification Along West African Economies

Environmental consequence of Australian agricultural trade: An asymmetric analysis

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