Unravelling the dynamics of human development and economic growth on crude oil production based on ARDL and NARDL models
This paper estimates and establishes the causality between the Human Development Index (HDI), Gross Domestic Product (GDP), inflation and CO2 emissions on crude oil production (COP) in Cameroon from 1977 to 2019. To do so, the Augmented Dicky-Fuller and Zivot-Andrews stationarity tests, ARDL and NAR...
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| Format: | Article |
| Language: | English |
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Elsevier
2023-12-01
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| Series: | MethodsX |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S2215016123004004 |
| _version_ | 1797405444938924032 |
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| author | Jean Marie Stevy Sama Flavian Emmanuel Sapnken Inoussah Moungnutou Mfetoum Jean Gaston Tamba |
| author_facet | Jean Marie Stevy Sama Flavian Emmanuel Sapnken Inoussah Moungnutou Mfetoum Jean Gaston Tamba |
| author_sort | Jean Marie Stevy Sama |
| collection | DOAJ |
| description | This paper estimates and establishes the causality between the Human Development Index (HDI), Gross Domestic Product (GDP), inflation and CO2 emissions on crude oil production (COP) in Cameroon from 1977 to 2019. To do so, the Augmented Dicky-Fuller and Zivot-Andrews stationarity tests, ARDL and NARDL modelling, as well as Toda-Yamamoto causality test are performed. Unlike previous studies on COP, this study incorporates the asymmetric impact (NARDL). The results indicate that CO2 emissions and GDP have a negative impact on COP in the long-run, while HDI and inflation have a positive impact in the short-run. GDP and HDI have a non-linear impact in the short run, while in the long-run inflation and CO2 emissions have a non-linear impact on COP. From these results, it is interesting to note that, in order to allow future generations to benefit from the oil windfall. The diversification of the Cameroonian economy, the control of inflation and the use of less polluting crude oil extraction technologies must be imperative. • A step-by-step procedure of the ARDL, NARDL and causality test is provided. • The multiplier effects of GDP, HDI, inflation and CO2 emissions on COP are simulated. • The impact of GDP and HDI on COP is non-linear |
| first_indexed | 2024-03-09T03:10:01Z |
| format | Article |
| id | doaj.art-8aa2fe55eb5e423897ca2444f116c5eb |
| institution | Directory Open Access Journal |
| issn | 2215-0161 |
| language | English |
| last_indexed | 2024-03-09T03:10:01Z |
| publishDate | 2023-12-01 |
| publisher | Elsevier |
| record_format | Article |
| series | MethodsX |
| spelling | doaj.art-8aa2fe55eb5e423897ca2444f116c5eb2023-12-04T05:22:36ZengElsevierMethodsX2215-01612023-12-0111102404Unravelling the dynamics of human development and economic growth on crude oil production based on ARDL and NARDL modelsJean Marie Stevy Sama0Flavian Emmanuel Sapnken1Inoussah Moungnutou Mfetoum2Jean Gaston Tamba3Laboratory of Technologies and Applied Science, IUT Douala, PO Box 8698, Douala, Cameroon; Corresponding author.Laboratory of Technologies and Applied Science, IUT Douala, PO Box 8698, Douala, Cameroon; Transports and Applied Logistics Laboratory, University Institute of Technology, University of Douala, PO Box 8698, Douala, Cameroon; Energy Insight-Tomorrow Today, PO Box 2043, Douala, CameroonLaboratory of Technologies and Applied Science, IUT Douala, PO Box 8698, Douala, CameroonLaboratory of Technologies and Applied Science, IUT Douala, PO Box 8698, Douala, Cameroon; Transports and Applied Logistics Laboratory, University Institute of Technology, University of Douala, PO Box 8698, Douala, Cameroon; Energy Insight-Tomorrow Today, PO Box 2043, Douala, CameroonThis paper estimates and establishes the causality between the Human Development Index (HDI), Gross Domestic Product (GDP), inflation and CO2 emissions on crude oil production (COP) in Cameroon from 1977 to 2019. To do so, the Augmented Dicky-Fuller and Zivot-Andrews stationarity tests, ARDL and NARDL modelling, as well as Toda-Yamamoto causality test are performed. Unlike previous studies on COP, this study incorporates the asymmetric impact (NARDL). The results indicate that CO2 emissions and GDP have a negative impact on COP in the long-run, while HDI and inflation have a positive impact in the short-run. GDP and HDI have a non-linear impact in the short run, while in the long-run inflation and CO2 emissions have a non-linear impact on COP. From these results, it is interesting to note that, in order to allow future generations to benefit from the oil windfall. The diversification of the Cameroonian economy, the control of inflation and the use of less polluting crude oil extraction technologies must be imperative. • A step-by-step procedure of the ARDL, NARDL and causality test is provided. • The multiplier effects of GDP, HDI, inflation and CO2 emissions on COP are simulated. • The impact of GDP and HDI on COP is non-linearhttp://www.sciencedirect.com/science/article/pii/S2215016123004004Dynamics of ARDL, NARDL and the multiplier effect |
| spellingShingle | Jean Marie Stevy Sama Flavian Emmanuel Sapnken Inoussah Moungnutou Mfetoum Jean Gaston Tamba Unravelling the dynamics of human development and economic growth on crude oil production based on ARDL and NARDL models MethodsX Dynamics of ARDL, NARDL and the multiplier effect |
| title | Unravelling the dynamics of human development and economic growth on crude oil production based on ARDL and NARDL models |
| title_full | Unravelling the dynamics of human development and economic growth on crude oil production based on ARDL and NARDL models |
| title_fullStr | Unravelling the dynamics of human development and economic growth on crude oil production based on ARDL and NARDL models |
| title_full_unstemmed | Unravelling the dynamics of human development and economic growth on crude oil production based on ARDL and NARDL models |
| title_short | Unravelling the dynamics of human development and economic growth on crude oil production based on ARDL and NARDL models |
| title_sort | unravelling the dynamics of human development and economic growth on crude oil production based on ardl and nardl models |
| topic | Dynamics of ARDL, NARDL and the multiplier effect |
| url | http://www.sciencedirect.com/science/article/pii/S2215016123004004 |
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