The Role Of Renewable Energy In Poverty Reduction And Environmental Improvement

Commonly, a good environmental quality will lead to an economic growth where at the very least environment will supply natural resources to produce goods and services. Therefore, a good environment will be essential for the sustainable economic growth. Nonetheless, for most of developing countries in the world, poverty has been the main feature where poor people may overexploit the environment resources to fulfill their needs. Hence, the present study investigates the effect of poverty on environmental deterioration using panel data of 52 developing countries

Does Crude Oil Price, Financial Development, and Trade Openness Reflect on African Oil-Rich Countries’ Economic Growth?

This study investigates empirically the long- and short-run impact of crude oil price and financial globalization on economic growth and financial development in selected oil-rich African countries. The data usage covers 1980 to 2021 by applying the autoregressive distributed lag (ARDL) modeling to determine the short- and the long-run estimates, and the ARDL-ECM Granger causality to discover the causalities direction. The empirical results reveal that crude oil price and financial globalization have no significant effect on restructuring the economic sustainability patterns in either the long or the short run. There are various causality directions found for those countries involved in this study within the short- and long-run periods. This study recommends that the Republic of Congo and Nigeria should always maximize oil revenue during periods of oil price boom to offset the economic severity during periods of oil price reduction. Further, Algeria and Nigeria’s policymakers should avoid protectionism against financial globalization, economic growth, and trade to mobilize the resources required to be at the fulcrum of future economic restructuring. The empirical findings will be useful for policymakers to design a suitable growth model for African countries that highly depend on crude oil resources as an engine of economic growth

Population Growth, Biofuel Production and Food Security

This paper examines the impact of population growth on food security given the level of biofuel using a panel data of 57 developing countries. Adopting generalized method of moments (GMM) estimator, interaction term between population growth and biofuel has a negative and significant impact on food security. This implies that as the population grows, the effects of biofuel on food security worsen. Additionally, we look at the related problem for each of the four dimensions of food security—availability, accessibility, utilization, and stability. In doing so, this study supports the earlier finding that the impact of biofuel on food security tends to worsen as a country's population grows across all four aspects of food security. Thus, this study points to many policy implications for dealing with the effect of biofuel production on food security in light of population expansion.   Received: 13 April 2023 | Revised: 17 July 2023 | Accepted: 25 July 2023   Conflicts of Interest The author declares that she has no conflicts of interest to this work

The impact of economic globalization on biofuel in developing countries

Over recent years, globalization has become the most rapidly developing and most influential aspect for economic growth in developing countries. As developing countries accelerate the pace of globalization, it pops up a question whether the nature of biofuel production is growing due to ongoing globalization. Given that, this paper aim to examine the impact of globalization on biofuel in panel data of 50 developing countries for the period from 2012 to 2016. The panel estimation results showed that economic globalization has a positive effect on biofuel production, and the evidence is robust to the several robustness checks. We, therefore, suggests that encouraging the economic aspect of globalization increase the consumption of biofuels, thereby reducing the harmful environmental impacts

The impact of tourism on entrepreneurship in developing countries

As an important factor of production, economist traditionally considers entrepreneurship as a key factor for encouraging economic growth, especially in developing countries. With tourism is one of the fastest growing economic sectors and closely linked to development of most developing countries, this study aims to examine the effect of tourism on entrepreneurship by using panel data of 56 developing countries for the period between 2010 and 2017. Using a panel data technique, namely the generalized method of moments (GMM) estimator, the results suggest that tourism play an important role in improving the level of entrepreneurship in developing countries, which are robust across different specification. Therefore, governments should aim to further develop the tourism industry to support a more sustainable entrepreneurship development in developing countries

Does Crude Oil Price, Financial Development, and Trade Openness Reflect on African Oil-Rich Countries’ Economic Growth?

This study investigates empirically the long- and short-run impact of crude oil price and financial globalization on economic growth and financial development in selected oil-rich African countries. The data usage covers 1980 to 2021 by applying the autoregressive distributed lag (ARDL) modeling to determine the short- and the long-run estimates, and the ARDL-ECM Granger causality to discover the causalities direction. The empirical results reveal that crude oil price and financial globalization have no significant effect on restructuring the economic sustainability patterns in either the long or the short run. There are various causality directions found for those countries involved in this study within the short- and long-run periods. This study recommends that the Republic of Congo and Nigeria should always maximize oil revenue during periods of oil price boom to offset the economic severity during periods of oil price reduction. Further, Algeria and Nigeria’s policymakers should avoid protectionism against financial globalization, economic growth, and trade to mobilize the resources required to be at the fulcrum of future economic restructuring. The empirical findings will be useful for policymakers to design a suitable growth model for African countries that highly depend on crude oil resources as an engine of economic growth