Human capital, foreign direct investment, and economic growth: Evidence from ECOWAS in a decomposed income level panel
The study explored the nexus of human capital development, foreign direct investment, and economic growth within the ECOWAS region while controlling carbon emission, urbanization, and renewable energy. To examine the dynamic link between economic growth, human capital, foreign direct investment, CO2...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Elsevier
2022-12-01
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| Series: | Environmental Challenges |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2667010022001585 |
| _version_ | 1811315773659938816 |
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| author | Alex Boadi Dankyi Olivier Joseph Abban Kong Yusheng Tiéfigué Pierrette Coulibaly |
| author_facet | Alex Boadi Dankyi Olivier Joseph Abban Kong Yusheng Tiéfigué Pierrette Coulibaly |
| author_sort | Alex Boadi Dankyi |
| collection | DOAJ |
| description | The study explored the nexus of human capital development, foreign direct investment, and economic growth within the ECOWAS region while controlling carbon emission, urbanization, and renewable energy. To examine the dynamic link between economic growth, human capital, foreign direct investment, CO2 emissions, and urbanization in ECOWAS, the selected countries were clustered into Lower Middle-Income Countries and Low-Income Countries. Drawing on panel data from 1990 to 2017, the study suggests that the rate of human capital, foreign direct investment, CO2 emissions, and urbanization affect economic growth as LMIC and LIC. The effect weight, however, changed per sub-panel this implies that LMICs and LICs should focus on investing in human capital development through education and health to enhance their economic growth. Policies to reduce CO2 emissions by focusing on renewable energy usage. This is fundamental in achieving the United Nations’ sustainable development goal 4 which seeks to safeguard inclusive and equitable quality education and stimulate lifetime learning opportunities (human capital development) and 17 which seeks to reinforce the means of implementation and rejuvenate the global partnership for sustainable development (FDI). |
| first_indexed | 2024-04-13T11:37:14Z |
| format | Article |
| id | doaj.art-50687aa5f5c241ae9e35c81bbab5d5e9 |
| institution | Directory Open Access Journal |
| issn | 2667-0100 |
| language | English |
| last_indexed | 2024-04-13T11:37:14Z |
| publishDate | 2022-12-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Environmental Challenges |
| spelling | doaj.art-50687aa5f5c241ae9e35c81bbab5d5e92022-12-22T02:48:25ZengElsevierEnvironmental Challenges2667-01002022-12-019100602Human capital, foreign direct investment, and economic growth: Evidence from ECOWAS in a decomposed income level panelAlex Boadi Dankyi0Olivier Joseph Abban1Kong Yusheng2Tiéfigué Pierrette Coulibaly3Directorate of Research, Innovation and Consultancy (DRIC), University of Cape Coast, Ghana; Corresponding author at: Directorate of Research, Innovation and Consultancy, University of Cape Coast, Central, GhanaInstitute of Applied Systems and Analysis (IASA), School of Mathematical Science, Jiangsu University, ChinaSchool of Finance and Economics Jiangsu University, ChinaSchool of Management, Jiangsu University, Zhenjiang 212013, ChinaThe study explored the nexus of human capital development, foreign direct investment, and economic growth within the ECOWAS region while controlling carbon emission, urbanization, and renewable energy. To examine the dynamic link between economic growth, human capital, foreign direct investment, CO2 emissions, and urbanization in ECOWAS, the selected countries were clustered into Lower Middle-Income Countries and Low-Income Countries. Drawing on panel data from 1990 to 2017, the study suggests that the rate of human capital, foreign direct investment, CO2 emissions, and urbanization affect economic growth as LMIC and LIC. The effect weight, however, changed per sub-panel this implies that LMICs and LICs should focus on investing in human capital development through education and health to enhance their economic growth. Policies to reduce CO2 emissions by focusing on renewable energy usage. This is fundamental in achieving the United Nations’ sustainable development goal 4 which seeks to safeguard inclusive and equitable quality education and stimulate lifetime learning opportunities (human capital development) and 17 which seeks to reinforce the means of implementation and rejuvenate the global partnership for sustainable development (FDI).http://www.sciencedirect.com/science/article/pii/S2667010022001585Human CapitalForeign Direct InvestmentEconomic GrowthUrbanizationCO2 |
| spellingShingle | Alex Boadi Dankyi Olivier Joseph Abban Kong Yusheng Tiéfigué Pierrette Coulibaly Human capital, foreign direct investment, and economic growth: Evidence from ECOWAS in a decomposed income level panel Environmental Challenges Human Capital Foreign Direct Investment Economic Growth Urbanization CO2 |
| title | Human capital, foreign direct investment, and economic growth: Evidence from ECOWAS in a decomposed income level panel |
| title_full | Human capital, foreign direct investment, and economic growth: Evidence from ECOWAS in a decomposed income level panel |
| title_fullStr | Human capital, foreign direct investment, and economic growth: Evidence from ECOWAS in a decomposed income level panel |
| title_full_unstemmed | Human capital, foreign direct investment, and economic growth: Evidence from ECOWAS in a decomposed income level panel |
| title_short | Human capital, foreign direct investment, and economic growth: Evidence from ECOWAS in a decomposed income level panel |
| title_sort | human capital foreign direct investment and economic growth evidence from ecowas in a decomposed income level panel |
| topic | Human Capital Foreign Direct Investment Economic Growth Urbanization CO2 |
| url | http://www.sciencedirect.com/science/article/pii/S2667010022001585 |
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