Environmental Sustainability and Economic Growth: Evidence From Nigeria
Environmental Sustainability and Economic Growth: Evidence From Nigeria
Author(s): Emmanuel David OboroSubject(s): Social Sciences, Economy, Business Economy / Management, Energy and Environmental Studies, Sociology, Economic development, Environmental interactions
Published by: Universitatea SPIRU HARET - Faculty of Accounting and Financial Management
Keywords: GDP per capita; CO2 emission; EKC hypothesis; Sustainable development; Nigeria;
Summary/Abstract: Climate change's long-term effects are linked to current and upcoming risks to sustainable development. The nation's infrastructure, business community, and governmental sector must all adjust to the changing environment in order to reduce these dangers. In order to test the environmental Kuznets curve (EKC) hypothesis using the ECM test for Nigeria, this paper examines the relationships between CO2 emissions and their major determinants, including economic growth, trade openness, industrialization, Renewable electricity and Foreign direct investment from 1980 to 2023. Results show that the GDP per capita and its square have a strong positive and negative impact on CO2 emissions, respectively. Our analysis also revealed an inverted U-shaped relationship between economic growth and CO2 emissions. That trade openness, and industrialization positively affect CO2 emissions, but long-term CO2 emissions are found to be reduced by renewable electricity and foreign direct investment.
Journal: Journal of Academic Research in Economics (JARE)
- Issue Year: 16/2024
- Issue No: 3
- Page Range: 691-709
- Page Count: 19
- Language: English
