Yazar "Alao, Rasheed O." seçeneğine göre listele

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    Accounting for carbon dioxide emission effect of energy use, economic growth, and urbanization in the OPEC member states
    (John Wiley and Sons Inc, 2022) Alao, Rasheed O.; Payaslioglu, Cem; Alhassan, Abdulkareem; Alola, Andrew Adewale
    While extant studies have largely associated environmental degradation with energy sources and energy consumption, the procedure of oil exploration has not been excluded in the discus of environmental sustainability. On this note, the current study examined the effect of per capita energy consumption and urban population for the 14 Organization for Petroleum Exporting Countries (OPEC) members from 1980 to 2017. In addition, the validity of Environmental Kuznets curve (EKC) hypothesis is investigated by using the State-of-the-art second-generation panel data techniques. The main finding reveals that at an early stage, economic growth endangers the environment by release of pollutant emissions. However, sustained economic growth ameliorates environmental problems. Therefore, study validates the EKC hypothesis for the case of OPEC. Additionally, both energy use per person and urban population adversely affects environmental sustainability. Besides, the findings infer that economic growth brings about an increase in energy consumption and not the other way round. Thus, energy conservation policies aimed at rationing energy consumption and controlling carbon dioxide emissions would hurt economic growth. © 2021 John Wiley & Sons Ltd.
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    The role of foreign aids and income inequality in poverty reduction: A sustainable development approach for Africa?
    (Springer India, 2022) Alao, Rasheed O.; Alola, Andrew A.
    In the last decades, international interventions mostly through foreign aids have consistently been directed toward sustainable development objectives such as reduction of poverty in African countries. Thus, this study investigates the effect of foreign aids and income inequality in poverty reduction in Africa for 1990-2016. The novelty lies in the investigation of the effectiveness of aid remittances to Africa from the United Nations and Organization for Economic Cooperation and Development (OECD) which has previously been overlooked in extant studies. By using the system Generalized Method of Moments, the study showed that the interaction of inequality with the United Nations Development Programme (UNDP) funds and OECD Official Development Assistance is not statistically significant. Meanwhile, the interventions from the UNDP funds and OECD Official Development Assistance statistically yield significant and expected results of reducing poverty in the poor continent. However, the study surprisingly failed to establish that remittances from the UNDP have significantly mitigated poverty in Africa. Importantly, this study presents a significant policy guide for the governments and the stakeholders and recommends that the donor agencies adopt poverty-reduction, and income distribution-based criteria for the allocation of their resources to reduce poverty in the continent.
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    The role of foreign aids and income inequality in poverty reduction: A sustainable development approach for Africa?
    (SPRINGER INDIA, 7TH FLOOR, VIJAYA BUILDING, 17, BARAKHAMBA ROAD, NEW DELHI 110 001, INDIA, 2022) Alao, Rasheed O.; Alola, Andrew Adewale
    In the last decades, international interventions mostly through foreign aids have consistently been directed toward sustainable development objectives such as reduction of poverty in African countries. Thus, this study investigates the efect of foreign aids and income inequality in poverty reduction in Africa for 1990–2016. The novelty lies in the investigation of the efectiveness of aid remittances to Africa from the United Nations and Organization for Economic Cooperation and Development (OECD) which has previously been overlooked in extant studies. By using the system Generalized Method of Moments, the study showed that the interaction of inequality with the United Nations Development Programme (UNDP) funds and OECD Ofcial Development Assistance is not statistically signifcant. Meanwhile, the interventions from the UNDP funds and OECD Ofcial Development Assistance statistically yield signifcant and expected results of reducing poverty in the poor continent. However, the study surprisingly failed to establish that remittances from the UNDP have signifcantly mitigated poverty in Africa. Importantly, this study presents a signifcant policy guide for the governments and the stakeholders and recommends that the donor agencies adopt poverty-reduction, and income distribution-based criteria for the allocation of their resources to reduce poverty in the continent.