The Impact of Natural resources, CO2 Emission, Energy use, Domestic Investment, Innovation, Trade and Digitalization on Economic growth: Evidence from 52 African Countries

Sayef Bakari

MPRA Paper from University Library of Munich, Germany

Abstract: The aim of this paper is to examine the impact of natural resources, CO2 emission, energy use, domestic investment, innovation, trade, and digitalization on economic growth in the case of 52 African Countries. To attempt our goal, we used annual data of 52 African countries for the period 1996 to 2021 which was estimated by using random effect model, fixed effect model and Hausman test. Empirical results indicate that domestic investment, exports, natural resources and final consumption expenditure have a positive impact on economic growth. Also, we found that labor force, imports and energy use have a negative effect on economic growth. However, we found that CO2 emission, innovation and internet use don’t have any effect on economic growth. The study recommends vital policies that should focus on promoting domestic investment, exports, natural resources, and final consumption to stimulate economic growth in African countries. Similarly, it recommends creating new strategies to manage the role of the active population, imports, energy consumption, CO2 emissions, innovation, and digitalization to make their effects influential in improving the economic growth.

Keywords: Natural Resources; CO2 Emission; Energy Use; Domestic Investment; Innovation; Trade; Digitalization; Economic Growth; African Countries. (search for similar items in EconPapers)
JEL-codes: C10 C22 C23 E22 F11 F14 J60 O31 O32 O34 O40 O44 O47 O49 O55 Q43 Q47 Q48 Q50 (search for similar items in EconPapers)
Date: 2022
New Economics Papers: this item is included in nep-afr, nep-ene, nep-env, nep-gro and nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:114323

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