ISSN: 2520-4750 (Online), 2521-3040 (Print)

The Impact of Carbon Emission (co2) on Economic Growth: Evidence from Sub-Saharan Africa

 Author (s)

Salum Bakari Khamis & Fuzhong Chen

Abstract

The main aim of this paper is to investigate the impact of carbon dioxide (CO2) emissions on the economic growth of sub-Saharan Africa (SSA). The paper employed Generalized Method of Moments (GMM) to examine the relationships between CO2 and economic growth of sub-Saharan Africa. The study used panel data from 1981 to 2020 that was extracted from World Bank database for 45 countries in SSA. The study findings indicate that CO2 significantly impacts the economic growth of sub-Saharan Africa. Furthermore, the study shows that foreign direct investment (FDI), Gross Fixed Capital Formulation (GFCF), Unemployment (UMP), and Official development assistance (ODA) have a significant impact on economic growth of SSA. Based on the findings, it is suggested that despite the fact CO2 have mixed findings in previous literature, this study adds new insight into that CO2 was found to positively influence economic growth of SSA.

Keywords: CO2, Economic growth, sub-Saharan Africa, FDI, Emerging market, Greenhouse gas.

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Title:The Impact of Carbon Emission (co2) on Economic Growth: Evidence from Sub-Saharan Africa
Author:Salum Bakari Khamis & Fuzhong Chen
Journal Name:International Journal of Science and Business
Website:ijsab.com
ISSN:ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)
DOI:https://doi.org/10.5281/zenodo.6901564
Media:Online
Volume:15
Issue:1
Issue publication (Year):2022
Acceptance Date:19/07/2022
Date of Publication:25/07/2022
PDF URL:https://ijsab.com/wp-content/uploads/962.pdf
Free download:Available
Page:19-27
First Page:19
Last Page:27
Paper Type:Research paper
Current Status:Published

 

Cite This Article:

Salum Bakari Khamis & Fuzhong Chen (2022). The Impact of Carbon Emission (co2) on Economic Growth: Evidence from Sub-Saharan Africa. International Journal of Science and Business, 15(1), 19-27. doi: https://doi.org/ 10.5281/zenodo.6901564

Retrieved from https://ijsab.com/wp-content/uploads/962.pdf

About Author (s)

Salum Bakar Khamis (corresponding author), PhD student at School of International Trade and Economics, University of International Business and Economics (UIBE), Beijing, China.

Prof. Fuzhong Chen, School of International Trade and Economics, University of International Business and Economics (UIBE), Beijing, China.

 

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DOI: https://doi.org/10.5281/zenodo.6901564

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