Yazar "Alola, Andrew Adewale" seçeneğine göre listele

Listeleniyor 1 - 2 / 2
  • [ X ]
    Öğe
    Is clean energy prosperity and technological innovation rapidly mitigating sustainable energy-development deficit in selected sub-Saharan Africa? A myth or reality
    (Elsevier Sci Ltd, 2021) Alola, Andrew Adewale; Ozturk, Ilhan; Bekun, Festus Victor
    United Nations Sustainable Development Goals (UN-SDGs) such as access to clean energy (SDG-7), responsible energy consumption (SDG-12) and sustainable economic growth revolves around the subject of human development that resonates with (SDG-8), and among others. Based on these highlights, this study examines sustainable development for the panel of selected Sub-Sahara African countries that are largely plagued with huge energy deficit (energy poverty) and setback in technological innovation. This study leverages on panel econometrics strategies to explore the hypothesized relationship between the outlined indicators for the period 2000-2016 in Sub-Saharan African countries. Empirical results show that human development index (HDI), economic expansion, access to clean energy. and technological innovation exhibits long-run equilibrium relationship. Subsequently, the finding revealed that economic expansion, access to energy and technological innovation in the sampled countries spur higher HDI indices. That is, a 1% increase in economic growth increases HDI by 0.040% and 0.017% in the short and long run respectively. Thus, we can infer that enhanced sustainable economic growth leads to higher HDI indices which encompases higher literacy rate, better income level and increase life expectancy in both short and long run. In contrary, access to clean energy in the selected blocs dampens HDI index in the short run but the effect is statistically positive (desirable) in the long run.
  • [ X ]
    Öğe
    Mirroring risk to investment within the EKC hypothesis in the United States
    (Academic Press Ltd- Elsevier Science Ltd, 2021) Alola, Andrew Adewale; Ozturk, Ilhan
    In reality, economic expansion cannot be paced-up enough. This account for a potential trade-off between income and environmental degradation that is expectedly feasible at a maximum level of income. On this note, the current study looked at the validity of income-environmental degradation (Environmental Kuznets Curve, EKC) hypothesis especially amidst risk to investment in the United States over the period 1984-2017. Considering that the burning of fossil fuels constitutes the largest source of Greenhouse gas (GHG) in the United States, this study employed energy carbon emissions as a proxy for environmental quality and as a dependent variable. While the study employed renewable energy production as additional explanatory variable, it implemented the Autoregressive Distributed Lag (ARDL) technique in addition to a set of cointegration techniques. Importantly, the study found that the EKC hypothesis is valid for the case of the United States but not without a non-significant trade-off of risk to investment. Additionally, renewable energy production exhibits a statistically significant and desirable impact on environmental quality in both the short and long-run. In general, the study posited that while environmental sustainability is achievable at maximum level of income, it is likely attainable at the detriment of risk to investment. Hence, this observation should trigger a potential policy mechanism that minimizes risk to investment in light of the attainment of the country's sustainable development goals (SDGs).