Financial flows and environmental quality in ECOWAS member states: accounting for residual cross-sectional dependence and slope heterogeneity

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Title

Financial flows and environmental quality in ECOWAS member states: accounting for residual cross-sectional dependence and slope heterogeneity

Creator

Mohammed Musah, Frank Boateng, Emmanuel Attah Kumah, Tomiwa Sunday Adebayo

Description

Due to rising economic growth, financial flows have been of particular interest to nations. However, their environmental concerns have been overlooked particularly in developing countries. To aid in filling this gap, an exploration on the link between financial flows and environmental quality in ECOWAS member countries for the period 1990–2017 was undertaken. In achieving the study’s goal, second generation econometric methods that account for cross-sectional dependence and slope heterogeneity among others were engaged. From the results, the studied panel was heterogeneous and cross-sectionally correlated. Also, the investigated variables were stationary and cointegrated in the long-run. The dynamic common correlated effects mean group (DCCEMG), augmented mean group (AMG) and the common correlated effects mean group (CCEMG) estimators were employed to examine the elastic effects of …

Publisher

Springer Netherlands

Date

2024

Source

https://scholar.google.com/citations?view_op=view_citation&hl=en&user=5gEXTVUAAAAJ&citation_for_view=5gEXTVUAAAAJ:_kc_bZDykSQC

Language

English