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Öğe Assessing the environmental sustainability corridor: Linking natural resources, renewable energy, human capital, and ecological footprint in BRICS(ELSEVIER SCI LTD, THE BOULEVARD, LANGFORD LANE, KIDLINGTON, OXFORD OX5 1GB, OXON, ENGLAND, 2021) Nathaniel, Solomon Prince; Yalçiner, Kürşat; Bekun, Festus VictorThere are studies on renewable energy, natural resources abundance, and their impact on the environment especially in BRICS countries. However, none of the studies has considered human capital in the nexus, knowing fully well that ecological distortions mainly emanates from human activities. Therefore, this study explores the linkage between natural resource, renewable energy, human capital, and ecological footprint (EF) in BRICS using a battery of advance econometric techniques. The findings from the study, across all models, affirm that economic growth and natural resource increase the EF, renewable energy decreases it, while human capital is not yet at a desirable level as to mitigate environmental deterioration. The country-specific results are in harmony in terms of the deteriorating impact of economic growth, and the abating role of renewable energy on the environment. Further findings suggest a feedback causality between human capital, urbanization, and EF. Policies that can enhance renewable energy consumption, human capital development, natural resource sustainability, and curb urban anomaly are discussed.Öğe Electricity consumption, urbanization, and economic growth in Nigeria: New insights from combined cointegration amidst structural breaks(WILEY, 111 RIVER ST, HOBOKEN 07030-5774, NJ, 2021) Nathaniel, Solomon Prince; Bekun, Festus VictorThe study explores the link between electricity consumption, urbanization, and economic growth in Nigeria from 1971 to 2014. The bounds test and the Bayer and Hanck (Journal of Time Series Analysis, 2013, 34(1), 83–95) cointegration tests affirm cointegrating relationship. Electricity consumption increases economic growth in both time periods, while the impact of urbanization appears to inhibit growth. The fully modified OLS, dynamic OLS, and the canonical cointegrating regression confirm the robustness of the findings. The vector error correction model Granger causality test supports the neutrality hypothesis in the short run and the feedback hypothesis among the variables in the long run. Therefore, policies to ensure efficient electricity supply, curb rapid urbanization, and promote sustainable economic growth were suggested.Öğe Environmental management amidst energy use, urbanization, trade openness, and deforestation: The Nigerian experience(WILEY, 111 RIVER ST, HOBOKEN 07030-5774, NJ, 2020) Nathaniel, Solomon Prince; Bekun, Festus VictorThis study empirically explores the linkage between urbanization and deforestation while controlling for the role of energy consumption, trade openness, and economic growth within recent data from 1971 to 2015. To do this, we employed the vector error correction-Granger causality approach and Pesaran's autoregressive distributed lag cointegration technique. The Bayer–Hanck cointegration test establishes an equilibrium relationship among the variables. Results reveal that economic growth, energy consumption, and urbanization have a significant impact on deforestation in Nigeria, thereby reducing the quality of the environment. Short- and long-run unidirectional casualty flows from urbanization to deforestation. Therefore, policies for reducing deforestation and enhancing environmental sustainability for growth and development were suggested.Öğe Modelling the impact of energy consumption, natural resources, and urbanization on ecological footprint in south africa: Assessing the moderating role of human capital(Econjournals, 2021) Nathaniel, Solomon Prince; Bekun, Festus Victor; Faizulayev, AlimshanApart from being the most urbanized and largest emitter of CO2 emissions in Africa, South Africa currently harbours an ecological deficit territory mainly due to its desire to attain more growth with less attention to its natural environment. Since environmental distortions are mainly an outcome of human activities, this study becomes the first to investigate the linkage between natural resource (NR), human capital, energy consumption, and ecological footprint (EF) in South Africa. Findings from the long-run results reveal that energy consumption, natural resource, economic growth, and urbanization add to the EF, while human capital curtails environmental deterioration. The interaction between human capital and urbanization helps in mitigating environmental degradation, which suggests a moderating effect of human capital in urban sustainability. The CCR, DOLS and FMOLS confirm the robustness of the findings. A feedback causality exists between natural resource and economic growth, and between economic growth and EF. Natural resources and urbanization also Granger cause EF. Lastly, policies relating to urban and natural resource sustainability and human capital development are discussed. © 2021, Econjournals. All rights reserved.Öğe Natural resource, globalization, urbanization, human capital, and environmental degradation in Latin American and Caribbean countries(SPRINGER HEIDELBERG, TIERGARTENSTRASSE 17, D-69121 HEIDELBERG, GERMANY, 2021) Nathaniel, Solomon Prince; Nwulu, Nnandi; Bekun, Festus VictorThe world is increasingly getting urbanized and globalized, and the increase in natural resource exploration could have a farreaching impact on environmental quality. Since most Latin American and Caribbean countries (LACCs) have proximity to the Amazon, they, therefore, rely heavily on agriculture and mining which develop via deforestation which could exacerbate the already increasing carbon dioxide emissions (CO2 emissions). Therefore, to the best of our knowledge, this study becomes the first to investigate the link between natural resources, globalization, urbanization, and environmental degradation in LACCs countries from 1990 to 2017 with advanced panel data econometric techniques. The unit root tests affirm all the variables to be stationary at first difference, and the Westerlund (Oxf Bull Econ Stat 69(6):709–748, 2007) cointegration test confirms the longrun relationship among the variables. The augmented mean group (AMG) and the common correlated effects mean group (CCEMG) results affirm that the aforementioned variables add to CO2 emissions, while human capital mitigates it. Further findings reveal that human capital performs a moderating role in promoting urbanization sustainability. The country-specific results confirm that economic growth adds to emissions in all the countries, except in the Dominican Republic. A feedback causality exists between economic growth, globalization, urbanization, and CO2 emissions. This study argues for the development of human capital, a gradual transition to sustainable growth-driven and knowledge-based industries, and the introduction of sustainability practices in the natural resource sector to mitigate CO2 emissions in LACCs.Öğe Towards achieving environmental sustainability: environmental quality versus economic growth in a developing economy on ecological footprint via dynamic simulations of ARDL(SPRINGER HEIDELBERG, TIERGARTENSTRASSE 17, D-69121 HEIDELBERG, GERMANY, 2021) Solarin, Sakiru Adebola; Nathaniel, Solomon Prince; Bekun, Festus Victor; Okunola, Akinbode Michael; Alhassan, AbdulkareemStudies have shown that factors like trade, urbanization, and economic growth may increase the ecological footprint (EFP) since ecological distortions are mainly human-induced. Therefore, this study explores the effect of economic growth and urbanization on the EFP, accounting for foreign direct investment and trade in Nigeria, using data from 1977 to 2016. This study used the EFP variable as against the CO2 emissions used in the previous studies since the former is a more comprehensive and extensive measure of environmental quality. We apply the novel dynamic autoregressive distributed lag (ARDL) simulations for model estimation, the Bayer and Hanck J Time Ser Anal 34: 83–95, (2013) combined cointegration, and the ARDL bounds test for cointegration. Although the results affirmed the presence of long-run relationship among the variables, economic growth deteriorates the environment in the short run, while urbanization exacts no harmful impact. In the long run, FDI and trade deteriorate the environment while economic growth adds to environmental quality. It is recommended that policymakers strengthen the existing environmental regulations to curtail harmful trade and provide rural infrastructures to abate urban anomaly.Öğe Trivariate modelling of the nexus between electricity consumption, urbanization and economic growth in Nigeria: fresh insights from Maki Cointegration and causality tests(ELSEVIER SCI LTD, THE BOULEVARD, LANGFORD LANE, KIDLINGTON, OXFORD OX5 1GB, OXON, ENGLAND, 2020) Ali, Hamisu Sadi; Nathaniel, Solomon Prince; Uzuner, Gizem; Bekun, Festus Victor; Sarkodie, Samuel AsumaduIn this era of intensive electricity utilization for economic development, the role of urbanization remains inconclusive, especially in developing economies. Here, this study examined the electricity consumption and economic growth nexus in a trivariate framework by incorporating urbanization as an additional variable. Using the recent novel Maki cointegration test, Ng-Perron, Zivot-Andrews, and Kwiatkowski unit root tests along with FMOLS, DOLS and the CCR estimation methods, we relied on an annual frequency data from 1971-2014. Results from FMOLS, DOLS and the CCR regression confirms the electricity consumption-driven economic growth. This is desirable as Nigeria is heavily dependent on energy (electricity) consumption. A unidirectional causality from urbanization to electricity consumption and economic growth was found but the long-run empirical findings revealed urbanization impedes growth-a situation that has policy implications. The study highlights that though urbanization is a good predictor of Nigeria's economic growth, however, the adjustment of the energy portfolio to meet the growing urban demand will curtail the adverse and far-reaching impact of urbanization on the economy.