Probing the Effect of Governance of Tourism Development, Economic Growth, and Foreign Direct Investment on Carbon Dioxide Emissions in Africa: The African Experience

Fredrick Oteng Agyeman, Ma Zhiqiang, Mingxing Li, Agyemang Kwasi Sampene, Malcom Frimpong Dapaah, Emmanuel Adu Gyamfi Kedjanyi, Paul Buabeng, Yiyao Li, Saifullah Hakro and Mohammad Heydari
Additional contact information
Fredrick Oteng Agyeman: School of Management, Jiangsu University, Zhenjiang 212013, China
Ma Zhiqiang: School of Management, Jiangsu University, Zhenjiang 212013, China
Mingxing Li: School of Management, Jiangsu University, Zhenjiang 212013, China
Agyemang Kwasi Sampene: School of Management, Jiangsu University, Zhenjiang 212013, China
Malcom Frimpong Dapaah: School of the Environment and Safety Engineering, Jiangsu University, Zhenjiang 212013, China
Emmanuel Adu Gyamfi Kedjanyi: School of Computer Science, Nanjing University of Information Science and Technology, Nanjing 210044, China
Paul Buabeng: School of Mathematics, University for Development Studies, Tamale P.O. Box TL1350, Ghana
Yiyao Li: School of Finance and Economics, Jiangsu University, Zhenjiang 212013, China
Saifullah Hakro: School of Management, Jiangsu University, Zhenjiang 212013, China

Energies, 2022, vol. 15, issue 13, 1-24

Abstract: The environmental repercussions of extensive carbon dioxide (CO 2 ) emissions on the environment are crucial for policymakers and scholars. The repercussions of and connection between economic growth (ECG), tourism (TOUR), and foreign direct investment (FDI) on CO 2 emission mitigation have been measured and argued from empirical and theoretical perspectives by scholars. Notwithstanding, the extant body of knowledge has failed to incorporate and investigate the function of governance in decarbonizing tourism activities and FDI from CO 2 emissions to attain a healthy and quality environment in Africa. Hence, this current research investigates governance’s role in the reduction processes of CO 2 emissions grounded in environmental Kuznets curve (EKC) conceptual assumptions for panel data spanning 2000 through 2020 for 27 African countries. This research utilized the Westerlund panel cointegration approach for the investigation of the cointegration of the selected variables. This study applied the Driscoll–Kraay regression approach for the long-term estimation. In addition, the dynamic ordinary least squares (DOLS) and the pooled mean group (PMG) were used for robustness checks. The findings of this research indicated that the governance (GOV) indicators employed have a statistically significant effect on the CO 2 emission reduction. Besides, this study found that the appreciation of the income of the nations gives credence to the formation of the EKC theory and contributes to the decline in CO 2 emissions within the selected African nations. The findings revealed that tourism, FDI, ECG, and GOV are positive and significant factors leading to increased CO 2 emissions in Africa. Furthermore, the results showed that effective governance and control of FDI inflows and tourism activities can support decarbonization. These findings suggest the merits of governance in ensuring effective decarbonization policies of the environment, and policy suggestions are accordingly put forward.

Keywords: governance; foreign direct investment; tourism; CO 2 emission; economic growth; Africa (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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