Promoting Women’s Empowerment: Linkages Between Financial Development, Employment and Economic Growth in Selected African Economies
- Strydom, Kariena, Asaleye, John Abiola
- Authors: Strydom, Kariena , Asaleye, John Abiola
- Date: 2023
- Subjects: Women's empowerement , Financial development , Employment , Economic growth
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/11260/15338 , vital:80086 , https://doi.org/10.1177/21582440231202413
- Description: Women’s empowerment (WE) is one of the main challenges to economic development in African countries. Scholars have criticised national development initiatives for focusing on well-being issues and treating women as the passive beneficiaries of welfare-enhancing assistance. This study uses panel fully modified least squares and vector error correction model to investigate the impact of interactive effects of WE and financial development (FD) on employment and economic growth based on the World Bank income group as follows: upper-middle-income countries (UMIC), lower-middle-income countries (LMIC), and low-income countries (LIC). The findings show that the interactive effects of WE and FD on output and employment are not significant in the long run in LMIC and LIC. Despite the significance of these interactive effects in UMIC, the coefficient is less than one. Also, the causality result in the UMIC shows feedback between WE and economic growth. And that FD has a direct influence on growth in LMIC, while WE has a direct influence on employment in LIC.
- Full Text:
- Date Issued: 2023
- Authors: Strydom, Kariena , Asaleye, John Abiola
- Date: 2023
- Subjects: Women's empowerement , Financial development , Employment , Economic growth
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/11260/15338 , vital:80086 , https://doi.org/10.1177/21582440231202413
- Description: Women’s empowerment (WE) is one of the main challenges to economic development in African countries. Scholars have criticised national development initiatives for focusing on well-being issues and treating women as the passive beneficiaries of welfare-enhancing assistance. This study uses panel fully modified least squares and vector error correction model to investigate the impact of interactive effects of WE and financial development (FD) on employment and economic growth based on the World Bank income group as follows: upper-middle-income countries (UMIC), lower-middle-income countries (LMIC), and low-income countries (LIC). The findings show that the interactive effects of WE and FD on output and employment are not significant in the long run in LMIC and LIC. Despite the significance of these interactive effects in UMIC, the coefficient is less than one. Also, the causality result in the UMIC shows feedback between WE and economic growth. And that FD has a direct influence on growth in LMIC, while WE has a direct influence on employment in LIC.
- Full Text:
- Date Issued: 2023
Testing the Enviroment Kuznets Curve Hypothesis in South Africa Using the ARDL Approach
- Authors: Ganda, Fortune
- Date: 2023
- Subjects: Carbon emissions , Ecological footprint , Economic growth , Financial development , Foreign direct investment , Human capital , Renewable energy consumption
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/11260/15795 , vital:80397 , DOI: https://doi.org/10.1111/1477-8947.12377
- Description: In recent years, an abundance of research has beenconducted on the purported environmental Kuznets curve(EKC) hypothesis, which progressively proposed an invertedU-shaped relationship between income and emissions. Theprimary objective of this research is to examine the case ofSouth Africa, which stands as a prominent example of ahighly developed industrialized economy within the Africancontinent. This study aims to explore the potential ofSouth Africa in reducing emissions resulting from humanactivities. Therefore, this study utilizes the autoregressivedistributed lag (ARDL) approaches. The study's findingsdemonstrate the existence of both the U-shaped curve andthe inverted U-shaped EKC when considering the parame-ters being examined in both short-term and long-term sce-narios. In the short term, the inflection points of per capitaGDP obtained from two regressions on carbon emissionsvalidate values within the range of US$45.675-US$45.72.The relationship between foreign direct investment (FDI)and financial development and their effects on environmen-tal quality have yielded inconclusive and statistically insig-nificant results in both periods. The long-term impact ofrenewable energy usage on environmental quality, specifi-cally in terms of carbon emissions and ecological footprint,is substantial and exhibits a negative correlation.
- Full Text:
- Date Issued: 2023
- Authors: Ganda, Fortune
- Date: 2023
- Subjects: Carbon emissions , Ecological footprint , Economic growth , Financial development , Foreign direct investment , Human capital , Renewable energy consumption
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/11260/15795 , vital:80397 , DOI: https://doi.org/10.1111/1477-8947.12377
- Description: In recent years, an abundance of research has beenconducted on the purported environmental Kuznets curve(EKC) hypothesis, which progressively proposed an invertedU-shaped relationship between income and emissions. Theprimary objective of this research is to examine the case ofSouth Africa, which stands as a prominent example of ahighly developed industrialized economy within the Africancontinent. This study aims to explore the potential ofSouth Africa in reducing emissions resulting from humanactivities. Therefore, this study utilizes the autoregressivedistributed lag (ARDL) approaches. The study's findingsdemonstrate the existence of both the U-shaped curve andthe inverted U-shaped EKC when considering the parame-ters being examined in both short-term and long-term sce-narios. In the short term, the inflection points of per capitaGDP obtained from two regressions on carbon emissionsvalidate values within the range of US$45.675-US$45.72.The relationship between foreign direct investment (FDI)and financial development and their effects on environmen-tal quality have yielded inconclusive and statistically insig-nificant results in both periods. The long-term impact ofrenewable energy usage on environmental quality, specifi-cally in terms of carbon emissions and ecological footprint,is substantial and exhibits a negative correlation.
- Full Text:
- Date Issued: 2023
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