Is climate finance aiding food security in developing countries? A focus on Sub-Sahara Africa
AbstractThis study seeks to find out whether climate finance (CF) geared toward 35 Sub Saharan Africa (SSA) countries is assisting to achieve food security in the continent. To achieve this objective, we adopted FAO’s classification of food security of 4 main dimensions: food availability, access, s...
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| Format: | Article |
| Language: | English |
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Taylor & Francis Group
2024-12-01
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| Series: | Cogent Economics & Finance |
| Subjects: | |
| Online Access: | https://www.tandfonline.com/doi/10.1080/23322039.2024.2312777 |
| _version_ | 1797320844923371520 |
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| author | Andrew Phiri Isaac Doku |
| author_facet | Andrew Phiri Isaac Doku |
| author_sort | Andrew Phiri |
| collection | DOAJ |
| description | AbstractThis study seeks to find out whether climate finance (CF) geared toward 35 Sub Saharan Africa (SSA) countries is assisting to achieve food security in the continent. To achieve this objective, we adopted FAO’s classification of food security of 4 main dimensions: food availability, access, stability and utilization and use principal component analysis (PCA) to generate food security indexes corresponding to the different dimensions of food security. The data was analyzed using system generalized methods of moments (GMM) whereas panel quantile regression (PQR) was employed as a sensitivity analysis. Our findings show that climate finance is more useful in securing food availability but fails to enhance food access, stability and utilization. Further analysis shows that other factors such as foreign direct investment and government readiness have more impact in enhancing the different dimensions of food security whilst rural population, agricultural spending, agricultural land and capacity have more adverse effects on food security. Relevant policy implications based on our analysis are discussed. |
| first_indexed | 2024-03-08T04:48:55Z |
| format | Article |
| id | doaj.art-b7afb257a8dc437f94c7c7e389ce6cf2 |
| institution | Directory Open Access Journal |
| issn | 2332-2039 |
| language | English |
| last_indexed | 2024-03-08T04:48:55Z |
| publishDate | 2024-12-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Cogent Economics & Finance |
| spelling | doaj.art-b7afb257a8dc437f94c7c7e389ce6cf22024-02-08T07:56:45ZengTaylor & Francis GroupCogent Economics & Finance2332-20392024-12-0112110.1080/23322039.2024.2312777Is climate finance aiding food security in developing countries? A focus on Sub-Sahara AfricaAndrew Phiri0Isaac Doku1Department of Economics, Faculty of Business and Economic Studies, Nelson Mandela University, Port Elizabeth, South AfricaDepartment of Economics, Faculty of Business and Economic Studies, Nelson Mandela University, Port Elizabeth, South AfricaAbstractThis study seeks to find out whether climate finance (CF) geared toward 35 Sub Saharan Africa (SSA) countries is assisting to achieve food security in the continent. To achieve this objective, we adopted FAO’s classification of food security of 4 main dimensions: food availability, access, stability and utilization and use principal component analysis (PCA) to generate food security indexes corresponding to the different dimensions of food security. The data was analyzed using system generalized methods of moments (GMM) whereas panel quantile regression (PQR) was employed as a sensitivity analysis. Our findings show that climate finance is more useful in securing food availability but fails to enhance food access, stability and utilization. Further analysis shows that other factors such as foreign direct investment and government readiness have more impact in enhancing the different dimensions of food security whilst rural population, agricultural spending, agricultural land and capacity have more adverse effects on food security. Relevant policy implications based on our analysis are discussed.https://www.tandfonline.com/doi/10.1080/23322039.2024.2312777Climate financefood securityclimate justicegeneralized methods of momentsquantile regressionsSub-Sahara Africa |
| spellingShingle | Andrew Phiri Isaac Doku Is climate finance aiding food security in developing countries? A focus on Sub-Sahara Africa Cogent Economics & Finance Climate finance food security climate justice generalized methods of moments quantile regressions Sub-Sahara Africa |
| title | Is climate finance aiding food security in developing countries? A focus on Sub-Sahara Africa |
| title_full | Is climate finance aiding food security in developing countries? A focus on Sub-Sahara Africa |
| title_fullStr | Is climate finance aiding food security in developing countries? A focus on Sub-Sahara Africa |
| title_full_unstemmed | Is climate finance aiding food security in developing countries? A focus on Sub-Sahara Africa |
| title_short | Is climate finance aiding food security in developing countries? A focus on Sub-Sahara Africa |
| title_sort | is climate finance aiding food security in developing countries a focus on sub sahara africa |
| topic | Climate finance food security climate justice generalized methods of moments quantile regressions Sub-Sahara Africa |
| url | https://www.tandfonline.com/doi/10.1080/23322039.2024.2312777 |
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