Asymmetric effects of economic growth, fossil fuel consumption, and financial development on carbon emissions in Ghana

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dc.authorid0000-0002-5131-577X
dc.authorid0000-0002-7340-3551
dc.authorid0000-0002-7866-3205
dc.contributor.authorAbdul Rahman, Mutawakil
dc.contributor.authorIftikhar, Sundas
dc.contributor.authorKhan, Asad ul Islam
dc.contributor.otherYönetim Bilimleri Fakültesi, İktisat Bölümü
dc.date.accessioned2024-08-08T05:52:59Z
dc.date.available2024-08-08T05:52:59Z
dc.date.issued2024
dc.departmentİHÜ, Lisansüstü Eğitim Enstitüsü, İktisat Ana Bilim Dalı
dc.departmentİHÜ, Yönetim Bilimleri Fakültesi, İktisat Bölümü
dc.description.abstractThis research analyzes the impact of economic expansion, non-renewable energy consumption (NonREC), financial sector improvement, and carbon releases in Ghana. The study used yearly data from 1971 to 2014 and applied the Nonlinear Autoregressive Distributed Lag (NARDL) method to examine the data. The NARDL approach facilitated the differentiation of variables into favorable and unfavorable adjustments by examining the short-and long-run effects. The results indicated that all the independent variables exhibited short-term asymmetries, while economic growth presented long-term asymmetry. Negative adjustments in economic expansion led to a decline in carbon releases in the long run but an increase in the short run. favorable and unfavorable adjustments in NonREC positively and negatively impact carbon releases in both the short and long term. Additionally, negative adjustments in financial development positively affected carbon releases in the long run. The cumulative dynamic multipliers graphs and impulse response function graphs illustrate the same impact pattern of the independent variables on carbon releases, confirming the findings' robustness. The study suggests implementing environmental policies in Ghana that promote renewable sources of energy and energy-conserving innovations to reduce environmental degradation. The findings recommend that the decision-maker prioritize effective environmental strategies like a green economy, renewable energy use, and energy-saving technologies. By adopting clean energy and implementing advanced technologies, sustainable economic growth can be achieved while preserving the environment and the ecosystem.
dc.identifier.citationAbdul Rahman, M., Iftikhar, S. ve Khan, A. I. (2024). Asymmetric effects of economic growth, fossil fuel consumption, and financial development on carbon emissions in Ghana. FWU Journal of Social Sciences, 18(2), 63-77. https://www.doi.org/10.51709/19951272/Summer2024/7
dc.identifier.doi10.51709/19951272/Summer2024/7
dc.identifier.endpage77
dc.identifier.issn1995-1272
dc.identifier.issue2
dc.identifier.scopus2-s2.0-85198652037
dc.identifier.scopusqualityQ2
dc.identifier.startpage63
dc.identifier.urihttps://www.doi.org/10.51709/19951272/Summer2024/7
dc.identifier.urihttps://hdl.handle.net/20.500.12154/2933
dc.identifier.volume18
dc.identifier.wosWOS:001330437500007
dc.identifier.wosqualityQ3
dc.indekslendigikaynakScopus
dc.indekslendigikaynakWeb of Science
dc.institutionauthorAbdul Rahman, Mutawakil
dc.institutionauthorIftikhar, Sundas
dc.institutionauthorKhan, Asad ul Islam
dc.institutionauthorid0000-0002-5131-577X
dc.institutionauthorid0000-0002-7340-3551
dc.institutionauthorid0000-0002-7866-3205
dc.language.isoen
dc.publisherShaheed Benazir Bhutto Women University
dc.relation.ispartofFWU Journal of Social Sciences
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Öğrenci
dc.relation.publicationcategoryÖğrenci
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectCarbon Emissions
dc.subjectFinancial Development
dc.subjectFossil Fuel Consumption
dc.subjectGhana
dc.subjectNARDL
dc.titleAsymmetric effects of economic growth, fossil fuel consumption, and financial development on carbon emissions in Ghana
dc.typeArticle
dspace.entity.typePublication
relation.isAuthorOfPublication5d56d061-267c-4b33-8b78-b50e651ee5aa
relation.isAuthorOfPublication.latestForDiscovery5d56d061-267c-4b33-8b78-b50e651ee5aa
relation.isOrgUnitOfPublication9d1809d1-3541-41aa-94ed-639736b7e16f
relation.isOrgUnitOfPublication.latestForDiscovery9d1809d1-3541-41aa-94ed-639736b7e16f

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