Analysing the Role of Globalisation in Environmental Degradation of West African Countries: A Method of Moments Quantile Regression Approach

James Dada, Awoleye Emmanuel Olayemi and Al-Faryan Mamdouh Abdulaziz Saleh
Additional contact information
Awoleye Emmanuel Olayemi: Department of Economics, Hallmark University, Ijebu-Itele, Ogun State, Nigeria
Al-Faryan Mamdouh Abdulaziz Saleh: School of Accounting, Economics and Finance, Faculty of Business and Law, University of Portsmouth , Portsmouth, Hampshire, UK

Man and the Economy, 2023, vol. 10, issue 1, 1-30

Abstract: Motivated by the need to achieve a sustainable environment as entrenched in the Sustainable Development Goals and the conflicting evidence in the literature, this study scrutinises the effect of different components of globalisation on the environmental degradation of West African nations within the Environmental Kuznets Curve framework. Fully modified ordinary least squares, dynamic ordinary least squares, and the method of moments quantile regression of Machado and Silva (2019) are deployed as the estimation techniques. In the panel, cross-sectional dependence and non-normality are established. The findings from the quantile regression reveal a significant positive impact of economic growth on environmental degradation. The square of economic growth has an insignificant negative influence on environmental degradation. Thus, the EKC hypothesis is not valid in West African nations. Aggregate globalisation significantly influences environmental degradation, while economic and political globalisation significantly negatively impacts environmental degradation across the quantiles. However, social globalisation negatively impacts environmental degradation at a lower quantile (10–50 %), while at a higher quantile, the impact is positive. Natural resources significantly affect environmental degradation, while energy consumption in the region benefits the environment. Nevertheless, urbanisation has a different impact on environmental degradation in the area. The results of these studies are robust to other methods of estimation. The implications of the study are discussed.

Keywords: globalisation; environmental degradation; West Africa; EKC; quantile method of moments (search for similar items in EconPapers)
JEL-codes: O44 O55 Q56 (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1515/me-2023-0003 (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bpj:maneco:v:10:y:2023:i:1:p:1-30:n:1

Ordering information: This journal article can be ordered from
https://www.degruyter.com/journal/key/me/html

DOI: 10.1515/me-2023-0003

Access Statistics for this article

Man and the Economy is currently edited by Ning Wang

More articles in Man and the Economy from De Gruyter
Bibliographic data for series maintained by Peter Golla ().