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Implication of Globalization on Ecological Footprint : Evidence from Sub- Saharan Africa. | Abstract

Global Journal of Commerce & Management Perspective
Open Access

ISSN: 2319-7285

Abstract

Implication of Globalization on Ecological Footprint : Evidence from Sub- Saharan Africa.

Jamiu Adetola Odugbesan, Gbolahan Olowu, Sheu Buhari Miyapyen

The world is increasingly becoming a global village with the attendant implications on the earth’s biological capacity. Thus, it becomes imperative to empirically examine the impact of “globalization” on the “ecological footprint” of Sub-Saharan Africa. The investigation of the globalization and other macroeconomic variables impacts on the ecological footprint of 41 Sub-Saharan Africa countries using a dataset from 1990 to 2019, by employing PMG and CS-ARDL estimators is this study aim. Our findings show that dejure and defacto globalization and renewable energy consumption have a positive and significant impact on ecological footprint, while economic growth, population and foreign direct investment (FDI) revealed a negative and significant effect on ecological footprint in the long-run. In addition, only population and FDI were found to have a positive and significant causal effect on ecological footprint in the short-run, while renewable energy consumption was found to have a negative causal effect on ecological footprint in the short-run. Finally, the study suggests some policy implications of our findings that would assist the policy makers in the SSA countries to reduce the over-exploitation of resources with the aim of achieving environmental sustainability.

Published Date: 2021-10-22;

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