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

Metadata

Show full item record

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

Item Usage Stats

2
views

0
downloads

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

Collections

Engineering, Article