Linking natural resources and environmental sustainability: A panel data approach based on the load capacity curve hypothesis
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Dosyalar
Tarih
2024
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Wiley
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
Economic development accelerated by natural resource use has caused many undesirable environmental consequences such as reducing the living standards of individuals and threatening human health. Therefore, whether natural resource abundance is a curse for individuals' welfare and environmental sustainability is one of the crucial topics in the literature. This study investigates the impact of natural resources on environmental sustainability by adopting the newly developed Load Capacity Curve hypothesis in the resource-rich Sub-Saharan African countries for the period from 1990 to 2020 by utilizing a set of panel data methods. The main estimation results can be outlined as follows: (i) cointegration tests show the existence of the long-run relationship between variables, (ii) the Load Capacity Curve Hypothesis is valid in the model, and (iii) natural resource rent, energy consumption, and population density reduce environmental sustainability, (iv) empirical estimations for robustness check greatly confirm the finding obtained by baseline estimations. Therefore, policy-makers in the resource-rich Sub-Saharan African countries should focus on establishing mechanisms for internalizing negative externalities of natural resource rent.
Açıklama
Anahtar Kelimeler
environmental sustainability, load capacity curve, load capacity factor, natural resource, sub-Saharan Africa
Kaynak
Sustainable Development
WoS Q Değeri
Q1
Scopus Q Değeri
Q1
Cilt
32
Sayı
4
