The Impact of CO2 Emissions, Domestic Investment and Trade Openness on Economic Growth: New Evidence from North African Countries

El Weriemmi, Malek and Bakari, Sayef (2024): The Impact of CO2 Emissions, Domestic Investment and Trade Openness on Economic Growth: New Evidence from North African Countries.

Abstract

This study aims to investigate the impact of CO2 emissions, domestic investment, and trade openness on economic growth in North African countries over the period 1998 to 2022. Utilizing a panel static gravity model, the results reveal that domestic investment exerts a negative influence on economic growth, while CO2 emissions and exports demonstrate a positive contribution. Furthermore, the analysis suggests that imports have an adverse, though statistically insignificant, effect on economic growth. The findings underscore the importance of fostering policies that promote exports and mitigate CO2 emissions, while carefully considering the potential negative implications of imports on the economic growth of North African countries.

• Item Type: MPRA Paper
• Language: English
• Keywords: CO2 Emissions, Domestic Investment, Trade Openness, Economic Growth, North African Countries, Panel Data, Gravity Model.
• Subjects: C - Mathematical and Quantitative Methods > C3 - Multiple or Simultaneous Equation Models ; Multiple Variables > C33 - Panel Data Models ; Spatio-temporal Models; F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F43 - Economic Growth of Open Economies; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O13 - Agriculture ; Natural Resources ; Energy ; Environment ; Other Primary Products; 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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