A multivariate analysis of carbon dioxide emissions, electricity consumption, economic growth, financial development, industrialization, and urbanization in Senegal

Date

2017-01-01

Author

Asumadu-Sarkodie, Samuel
Owusu, Phebe Asantewaa

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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

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In this study, a multivariate analysis of carbon dioxide emissions, electricity consumption, economic growth, financial development, industrialization, and urbanization was performed in Senegal using the nonlinear iterative partial least squares (NIPALS) regression during the period 1980-2011. There was evidence of a linear relationship between the variables using the linear regression analysis. However, the explanatory variables exhibited a strong collinearity, which led to using the NIPALS regression analysis. Evidence from the standardized regression coefficient shows that a 1% increase in financial development, electricity consumption, and industrialization will increase carbon dioxide emissions by 0.7%, 0.4%, and 0.1%, respectively, while a 1% increase in urbanization and economic growth will decrease carbon dioxide emissions by 0.2% and 0.1%, respectively.

Subject Keywords

Fuel Technology, Energy Engineering and Power Technology, General Chemical Engineering

URI

https://hdl.handle.net/11511/64908

Journal

ENERGY SOURCES PART B-ECONOMICS PLANNING AND POLICY

DOI

https://doi.org/10.1080/15567249.2016.1227886

Collections

Engineering, Article

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Citation Formats

S. Asumadu-Sarkodie and P. A. Owusu, “A multivariate analysis of carbon dioxide emissions, electricity consumption, economic growth, financial development, industrialization, and urbanization in Senegal,” ENERGY SOURCES PART B-ECONOMICS PLANNING AND POLICY, pp. 77–84, 2017, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/64908.