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Öğe Coal energy consumption beat renewable energy consumption in South Africa: Developing policy framework for sustainable development(PERGAMON-ELSEVIER SCIENCE LTD, THE BOULEVARD, LANGFORD LANE, KIDLINGTON, OXFORD OX5 1GB, ENGLAND, 2021) Adebayo, Tomiwa Sunday; Awosusi, Abraham Ayobamiji; Bekun, Festus Victor; Altuntaş, MehmetGlobally we are at a crossroad whereby energy production and consumption in themselves is partly blamed for climate change issues and global warming menace. The question that comes to heart is do we stop seeking energy production and consumption? of course no. Thus, there is a need for innovation on part of economies as they seek energy for sustainable development. This country-specific study focuses on South African, which reflects the above highlights menace in no small measure where her economic growth trajectory is plagued with high CO2 emission. To this end, we explore the nexus between coal energy consumption, economic growth, renewable energy consumption and CO2 emission between annual periods of 1980e2017. This study applied a battery of econometric techniques to underscore the relationship between the outlined variables. According to the ARDL bounds test to cointegration in conjunction with Kripfganz and Schneider (2018) critical approximation p-values both affirm long-run equilibrium relationship between study variables. Empirical evidence gives credence to the growthinduced pollution emission in South Africa as reported by the Autoregressive distributed lag Method, fully modified ordinary least squares and dynamic ordinary least squares as robustness test for soundness of analysis. This finding suggests that South Africa's economic growth trajectory is not clean. This preposition is resonated with the result of coal energy consumption also dampening environmental quality. Financial development shows strong statistical strength to improve the quality of the environment. These outcomes are indicative for policymakers as there is urgent need to energy transition from conventional energy based on fossil fuel (coal energy) to renewable energy mix which is more environmentally friendly should be pursued in South Africa.Öğe Determinants of carbon emissions in Argentina: The roles of renewable energy consumption and globalization(ELSEVIER, RADARWEG 29, 1043 NX AMSTERDAM, NETHERLANDS, 2021) Yuping, Li; Ramzan, Muhammad; Xincheng, Li; Murshed, Muntasir; Awosusi, Abraham Ayobamiji; Bah, Sununu Ibrahim; Adebayo, Tomiwa SundayThis study aimed to evaluate the dynamic effects of globalization, renewable energy consumption, non-renewable energy consumption, and economic growth on carbon-dioxide emission levels in Argentina over the 1970–2018 period. The econometric methodology considered in this study involved applications of methods that are robust to handling structural break problems in the data. Among the major findings, the Maki cointegration, with multiple structural breaks, analysis revealed long-run associations between carbon-dioxide emissions, renewable and non-renewable energy consumption, globalization, and economic growth. The elasticity estimates from the Autoregressive Distributed Lag model analysis showed evidence of renewable energy consumption and globalization reducing the emissions while non-renewable energy consumption was found to boost the emissions, both in the short- and long-run. Besides, globalization and renewable energy consumption were found to jointly reduce the emissions while globalization and non-renewable energy consumption were found to jointly boost the emissions in the long-run only. Moreover, the environmental Kuznets curve hypothesis was also verified in this study. Based on these key findings, several critically important policies are recommended.Öğe Effects of health expenditure, death rate, and infant mortality rate on life expectancy: A case study of the United States(SAGE PUBLICATIONS LTD, 1 OLIVERS YARD, 55 CITY ROAD, LONDON EC1Y 1SP, ENGLAND, 2024) Adebayo, Tomiwa Sunday; Nwosu, Laurine Chikodiri; Alhassan, Gloria Nnadwa; Uzun, Berna; Özkan, Oktay; Awosusi, Abraham AyobamijiUnderstanding the factors that influence life expectancy (LEXP) is crucial for promoting economic development, as a nation's prosperity depends on the health of its population. Various socioeconomic, nutritional, lifestyle, genetic, and environmental factors can significantly impact a nation’s health and longevity. Our study investigates these drivers of LEXP, focusing on the United States as a case study. Using quarterly data from 2000 to 2022, we examined the relationship between LEXP and multiple determinants, including environmental degradation, income levels, inflation dynamics, educational attainment, birth and death rates, health expenditure patterns, urbanization trends, and infant mortality rates. Employing advanced analytical methodologies, we accounted for the nonlinear nature of the time series data by utilizing approaches such as quantile-on-quantile Kernel Regression Least Squares and quantile-on-quantile Granger causality. The study revealed that factors such as inflation rate, rapid urbanization, high birth rates, CO2 emissions, death rates, and infant mortality negatively affect LEXP. On the other hand, higher income levels, educational attainment, food production, and health expenditure positively influence LEXP. Based on these findings, we have proposed significant policy recommendations.Öğe The cruciality of environmental degradation, energy use and urbanization to policy framework for sustainable growth and development: evidence from Spain(EMERALD GROUP PUBLISHING LTD, Floor 5, Northspring 21-23 Wellington Street, Leeds, W YORKSHIRE LS1 4DL, ENGLAND, 2025) Bekun, Festus Victor; Adebayo, Tomiwa Sunday; Agboola, Mary; Onifade, Stephen Taiwo; Awosusi, Abraham AyobamijiPurpose – Attaining a sustainable environment has become an international commitment. Therefore, mitigating climate change concerns is pertinent for a sustainable ecosystem. This study aims to focus on the Spanish economy, which has enjoyed some positive growth trends over the years. However, there remains an unaddressed puzzle as to whether the experienced growth path is green or dirty given the wake of global connectedness. These concerns are related to the objective of the sustainable development goals (SDGs) that comprises economic growth (SDGs-8), climate issues (SDGs-13) and responsible energy consumption and access to energy (SDGs-7, 12). Design/methodology/approach – This research empirically explores the comovement and coherence between CO2 emissions and its driving factors – specifically renewable energy, fossil fuel consumption, urbanization and economic growth using the wavelet tools. Findings – The result of the wavelet coherence shows that (i) renewable energy and CO2 emissions are out-phase; (ii) economic growth and CO2 are in-phase; urbanization and CO2 are in-phase; and (iv) fossil fuel and CO2 are in-phase. The result of the multiple wavelet coherence shows that CO2 in Spain were strongly linked to urbanization, economic growth and energy consumption. While coherence with renewable energy and urbanization weakened after 2000, fossil fuel reliance remained a key driver. Practical implications – These results are not desirable for the case study (Spain). Therefore, there is a necessity for a gradual and more aggressive shift in the Spanish energy mix to renewables. The shift to renewables is required for inclusive growth and a green growth path in Spain. Originality/value – In this study, the authors used wavelet tools, which help uncover hidden information across different time-frequency domains. The importance of the ramifications of this research will also go beyond a localized relevance to the Spanish economy alone, as there is relative applicability of some of the practical implications from the study to other similar European Union (EU) countries considering Spain’s stance in the EU in terms of geography, economics and politics.
