Does Energy Resources Spending Mitigate Adverse Effects of CO2 Emissions from Oil Exploration in Africa?
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Date
2016
Authors
Saibu, O.
Atanda, A.
Journal Title
Journal ISSN
Volume Title
Publisher
Springer International Publishing Switzerland
Abstract
This paper examines the effects of energy resources and carbon emissions on human welfare in selected African countries. The study specifies a neoclassical growth model augmented with energy inputs and crude oil carbon
monoxide emissions. The results indicate that changes in crude oil consumption (COC), crude oil revenues (CORs), and oil price depreciation exchange rates have
significantly and positively affected the development of human welfare and that
carbon monoxide emissions have a significantly negative effect on human welfare
development in Africa. These have also significantly deteriorated income
inequalities in the continent. However, the net effects of oil exploration are significantly higher which have overwhelmed the negative effects of crude oil gas
emissions, thus suggesting that effective use of revenue from oil resources and
productivity could help in mitigating the negative effects of oil carbon emissions on
human development and welfare in Africa. In addition, the results support the
argument of the negative relationship between CO2 emissions and human welfare
development as against the Environmental Kuznet’s Curve (EKC) hypothesis.
Description
Scholarly articles
Keywords
Energy resources , Carbon emissions , Monoxide emissions , Human welfare , Research Subject Categories::SOCIAL SCIENCES::Business and economics::Economics
Citation
Saibu M.O and A.A Atanda (2016) “Does Energy Resources Spending Mitigate Adverse effects of CO2 Emissions from Oil Exploration in Africa? A book edited by Almas Heshmati In Poverty and Well Being in East Africa Published by Springer International Publishing Pp 267-281