The long-run effects of economic, demographic, and political indices on actual and potential CO2 emissions

Philip Kofi ADOM, Paul Adjei KWAKWA, Afua AMANKWAA

Research output: Journal PublicationsJournal Article (refereed)Researchpeer-review

11 Citations (Scopus)

Abstract

This study examines the long-run drivers of potential and actual CO2 emissions in Ghana, a sub-Saharan Africa country. The use of the former helps address the reverse causality problem and capture the true long-run effects. The Stock-Watson dynamic OLS is used with data from 1970 to 2014. The result shows that potential CO2 emissions improve model efficiency. Income (except in “other sector”) and financial development (except in manufacturing and construction sector) have compelling positive and negative effects on actual and potential CO2 emissions, respectively. A higher price (oil and electricity) reduces actual and potential CO2 emissions, but electricity price is more vital in residential, buildings and commercial and public services sector, while oil price is crucial in the transport sector. Democracy lowers actual and potential CO2 emissions in the aggregate (insignificant) and transport sectors but raises it in the manufacturing and construction sector. The effect is, however, inconsistent for the remaining sectors. Urbanization raises aggregate actual and potential CO2 emissions, but the effect is inconsistent for the transport sector. The findings have important implications for policy formulation.

Original languageEnglish
Pages (from-to)516-526
Number of pages11
JournalJournal of Environmental Management
Volume218
DOIs
Publication statusPublished - 15 Jul 2018

Fingerprint

Electricity
Economics
Demography
Oils
economics
Democracy
Ghana
Urbanization
Africa South of the Sahara
Public Sector
Causality
electricity
manufacturing
service sector
oil
public service
democracy
effect
index
urbanization

Keywords

  • Actual CO emissions
  • Demography
  • Economic
  • Politics
  • Potential CO emissions

Cite this

ADOM, Philip Kofi ; KWAKWA, Paul Adjei ; AMANKWAA, Afua . / The long-run effects of economic, demographic, and political indices on actual and potential CO2 emissions. In: Journal of Environmental Management. 2018 ; Vol. 218. pp. 516-526.
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The long-run effects of economic, demographic, and political indices on actual and potential CO2 emissions. / ADOM, Philip Kofi; KWAKWA, Paul Adjei; AMANKWAA, Afua .

In: Journal of Environmental Management, Vol. 218, 15.07.2018, p. 516-526.

Research output: Journal PublicationsJournal Article (refereed)Researchpeer-review

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