Assessing the Impact of Domestic Investments and CO2 Emissions on Economic Growth in Sub-Saharan Africa: A Comprehensive Study (1990-2022)

Bakari, Sayef (2024): Assessing the Impact of Domestic Investments and CO2 Emissions on Economic Growth in Sub-Saharan Africa: A Comprehensive Study (1990-2022).

Abstract

In the context of this study, we aim to assess the impact of domestic investments and carbon dioxide emissions on economic growth in 48 Sub-Saharan African countries over the period 1990-2022. By employing an estimation methodology based on static gravity models (fixed and random effects) as well as the Panel GMM model (fixed and random effects), our results significantly and positively indicate that domestic investments and CO2 emissions influence economic growth. We recommend that policymakers and stakeholders in Sub-Saharan African countries take these findings into consideration when formulating economic policies. The positive and significant implications of domestic investments and CO2 emissions on economic growth underscore the importance of promoting policies that encourage appropriate levels of domestic investment and sustainable management of CO2 emissions.

• Item Type: MPRA Paper
• Language: English
• Keywords: CO2 Emissions, Domestic Investment, Economic Growth, Sub-Saharan African Countries.
• Subjects: E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E22 - Investment ; Capital ; Intangible Capital ; Capacity; O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence; O - Economic Development, Innovation, Technological Change, and Growth > O5 - Economywide Country Studies > O55 - Africa; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q5 - Environmental Economics > Q56 - Environment and Development ; Environment and Trade ; Sustainability ; Environmental Accounts and Accounting ; Environmental Equity ; Population Growth

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