The dynamic relationship between economic globalisation, institutional quality, and ecological footprint: Evidence from Ghana

Amegavi, George Babington; Langnel, Zechariah; Ahenkan, Albert; Buabeng, Thomas

doi:10.1080/09638199.2022.2033303

Cited by 17 publications

(10 citation statements)

References 49 publications

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“…Moreover, globalization has a degrading impact on the LCF in the long run. This result is also consistent with the studies of [12,13,15,18,20,23] for low-income countries, CEE countries, 74 developing countries, China, Ghana, and 67 countries, respectively. But, the result is inconsistent with the studies of [22,24,25] for South Africa, OECD, and Bangladesh, in order.…”

Section: International Journal Of Energy Researchsupporting

confidence: 90%

“…Similarly, [15] focus on 74 emerging countries from 1990 to 2016 and determine the disruptive role of globalization on the environment. In addition, the unfavorable impact of globalization on environmental quality has been defined by [16] for China and Brazil from 1971 to 2016, by [17] for selected five South Asian countries from 1985 to 2018, by [18] for Ghana from 1984 to 2016, by [19] for OECD countries from 1996 to 2019, and by [20] for selected 67 countries from 1971 to 2018.…”

Section: Theoretical Framework and Literature Reviewmentioning

confidence: 99%

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Navigating the Impact of Renewable Energy, Trade Openness, Income, and Globalization on Load Capacity Factor: The Case of Latin American and Caribbean (LAC) Countries

Pata

Kartal

Dam

et al. 2023

International Journal of Energy Research

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Considering relatively high but recently decreasing environmental quality in the LAC countries with regard to the world, this study uncovers the progress of environmental quality, which is proxied by load capacity factor (LCF). In this context, the study considers renewable energy, trade openness, income, and globalization as explanatory indicators; uses data from 1990 to 2018; applies pooled mean group autoregressive distributed lag (PMG-ARDL) approach as the main model; and performs panel Toda-Yamamoto (PTY) causality test as robustness model. This is important because the LAC countries have ecological reserves, whereas many countries have an ecological deficit. For this reason, the investigation of the LAC countries has significance for the environmental quality in the world. Also, this study has novelty in terms of examining LAC countries and using the LCF as the environmental quality. The results present that (i) renewable energy has an improving impact on the LCF in both the short run and the long run; (ii) trade openness has a stimulating impact on the LCF in the long run; (iii) however, globalization and economic growth have a degrading impact on the LCF in the long run. Hence, it can be drawn from the results that renewable energy and trade openness have a critical impact on preserving and developing environmental quality. In line with the empirical findings, it can be proposed that LAC countries should utilize renewable energy effectively, improve trade volume through trade openness, increase renewable energy technology import, and expand the use of renewable energy in foreign trade activities. Thus, effective renewable energy and foreign trade policies can promote the achievement of sustainable development goals (SDGs) in the LAC countries.

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Section: International Journal Of Energy Researchsupporting

confidence: 90%

Section: Theoretical Framework and Literature Reviewmentioning

confidence: 99%

Navigating the Impact of Renewable Energy, Trade Openness, Income, and Globalization on Load Capacity Factor: The Case of Latin American and Caribbean (LAC) Countries

Pata

Kartal

Dam

et al. 2023

International Journal of Energy Research

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“…Deploying the non-linear autoregressive distributed lag (NARDL) approach, the findings showed that the increasing or decreasing level of globalization mitigates ECF. Likewise, the study of Amegavi et al 63 looked at the interconnection between globalization and ECF in the context of Ghana using the timespan between 1984 and 2016 and found that globalization inhibits ECF. Furthermore, Yang et al 64 investigated the interconnection between globalization ECF in 10 selected economies and established that globalization reduces the degradation of the environment by increasing the surge in ECF.…”

Section: Synopsis Of Studies On the Effect Of Globalization On Ecfmentioning

confidence: 99%

Toward sustainable environment in Italy: The role of trade globalization, human capital, and renewable energy consumption

Zhang

Adebayo

Awosusi³

et al. 2022

Energy & Environment

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The current study evaluates the effect of financial development (FD), economic growth (GDP), trade globalization (TGLO), renewable energy consumption (REC), and human capital (HC) on ecological footprint (ECF) in Italy using data between 1985 and 2018. We further assess the combined impact of trade globalisation and human capital on ecological footprint as well as the combined effect of trade globalisation and human capital on ecological footprint. In order to explore these associations, the present research utilizes autoregressive distributed lag (ARDL) to catch both long and short-run associations between ecological footprint and its drivers. Furthermore, we use dynamic OLS (DOLS) and fully modified OLS (FMOLS) long-run estimators as robustness checks. Lastly, causality at different frequencies is captured using the frequency domain causality test. The outcomes of the ARDL estimator disclose that (a) a surge in ecological footprint is attributed to an increase in economic growth; (b) a decrease in ecological footprint is attributed to an increase in renewable energy, trade globalisation, and human capital; (c) the combined impact of human capital and trade globalisation lessen ecological footprint, and (d) combined effect of trade globalisation and human capital mitigate ecological footprint in Italy. Furthermore, the outcomes of the causality test revealed that all the exogenous variables can significantly predict ecological footprint in the long run with the exemption of financial development. Based on the study's findings, an SDG-focused policy framework is advocated.

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“…Empirical research results regarding the connection between ecological quality degradation and globalization yielded inconsistent findings. Some studies, including those by Amegavi et al (2022), Ngoc et al (2021), Sharif et al (2022), Yameogo et al (2021), and Usman et al (2020), support the emissions decreasing effect of globalization, while the studies of Amegavi et al (2022) and Shao et al (2021) support the view that globalization leads to an increasing effect on emissions, highlighting potential challenges in maintaining ecological sustainability.…”

Section: Introductionmentioning

confidence: 98%

Determinants of Load capacity factor in BRICS countries: A panel data analysis

Yang,

Magazzino,

Awosusi

et al. 2023

Natural Resources Forum

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Several developing markets, such as Brazil, Russia, India, China, and South Africa (BRICS), are facing challenges in attaining the targets set with regard to the Sustainable Development Goals (SDGs). While previous studies have extensively examined the Environmental Kuznets Curve in BRICS nations, focusing on other proxy of environmental degradation like CO2 emissions and ecological footprint, little attention has been given to the Load Capacity Curve (LCC) hypothesis specifically in relation to emerging economies. Consequently, there exists a gap in the literature regarding the validation of the LCC hypothesis for these economies. To bridge this gap, our research intends to assess the validity of the LCC hypothesis in the context of the BRICS countries. Specifically, we investigate the impact of biomass energy and social globalization on the load capacity factor (a proxy for ecological quality) in the BRICS countries from 1990 to 2018, while considering the roles of economic growth and natural resources. Additionally, we explore the development of an SDG framework tailored for the BRICS nations, which can serve as a blueprint for other emerging economies. To analyze the data, we employ the Method of Moments‐Quantile‐Regression (MMQR) approach along with long‐run estimators. The findings of the MMQR analysis reveal that natural resources, social globalization, and gross domestic product have adverse effects on ecological quality, while biomass energy exhibits a positive influence on ecological quality. Furthermore, our research validates the LCC hypothesis for the BRICS economies. We also observe evidence of causality between the load capacity factor and its determinants. Based on our investigation, we recommend a transition in energy policies from hydrocarbon energy to sustainable energy options by implementing innovative approaches to biomass technology that can enhance conversion efficiency. Implementing these policy changes will not only enhance ecological quality but also align the SDG targets.

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The dynamic relationship between economic globalisation, institutional quality, and ecological footprint: Evidence from Ghana

Cited by 17 publications

References 49 publications

Navigating the Impact of Renewable Energy, Trade Openness, Income, and Globalization on Load Capacity Factor: The Case of Latin American and Caribbean (LAC) Countries

Navigating the Impact of Renewable Energy, Trade Openness, Income, and Globalization on Load Capacity Factor: The Case of Latin American and Caribbean (LAC) Countries

Toward sustainable environment in Italy: The role of trade globalization, human capital, and renewable energy consumption

Determinants of Load capacity factor in BRICS countries: A panel data analysis

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