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Analysing the Impacts of Shadow Economy, Financial Inclusion and Economic Policy Uncertainty on CO2 Emissions

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dc.citedby0
dc.contributor.authorAnser M.K.en_US
dc.contributor.authorOgede J.S.en_US
dc.contributor.authorHuizhen W.en_US
dc.contributor.authorAderemi T.A.en_US
dc.contributor.authorAli S.en_US
dc.contributor.authorOsabohien R.en_US
dc.contributor.authorid57201617089en_US
dc.contributor.authorid57221869832en_US
dc.contributor.authorid57500732000en_US
dc.contributor.authorid57337258400en_US
dc.contributor.authorid57212011356en_US
dc.contributor.authorid57201922189en_US
dc.date.accessioned2025-03-03T07:45:49Z
dc.date.available2025-03-03T07:45:49Z
dc.date.issued2024
dc.description.abstractThe effects of the shadow economy on the environment have been amply documented in the literature; however, the relevance of financial inclusion and the unpredictability of economic policy are still up for debate. Therefore, this study examines the diverse effects of financial inclusion, shadow economies and economic policy on carbon emissions in 21 Sub-Saharan African countries from 2002 to 2019. To determine whether this hypothesis is true, this study uses the panel spatial correlation consistent (PSCC), method of moments quantile regression (MM-QR) and Dumitrescu?Hurlin (D?H) (2012) methodologies. The findings of the PSCC show that financial inclusion increases carbon emissions in SSA countries but the shadow economy and economic policy uncertainty have an adverse impact on emissions. Using the MM-QR estimation with fixed effects, the same results are obtained across all quantiles after accounting for the effects of the shadow economy and economic policy uncertainty over the conditional distribution of CO2. The effect of financial inclusion on CO2 emissions is positive, but only statistically significant at the 30th to 70th quantiles until traces of significance are erased. In addition, there is evidence of a two-way causal relationship between the shadow economy and CO2 emissions, financial inclusion and the shadow economy, urban population and CO2 emissions, renewable energy use and economic policy uncertainty, trade liberalisation and economic policy uncertainty, and financial inclusion and economic policy uncertainty. The empirical results of this study offer insightful policy suggestions to counteract the direct impact of financial inclusion and to amplify the damaging effects of the shadow economy and economic policy uncertainty on carbon emissions. ? 2024 by the author(s).en_US
dc.description.natureFinalen_US
dc.identifier.doi10.18267/j.polek.1435
dc.identifier.epage895
dc.identifier.issue6
dc.identifier.scopus2-s2.0-85213022805
dc.identifier.spage867
dc.identifier.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85213022805&doi=10.18267%2fj.polek.1435&partnerID=40&md5=7141770f085243dd5990c7e4b1cada12
dc.identifier.urihttps://irepository.uniten.edu.my/handle/123456789/36925
dc.identifier.volume72
dc.pagecount28
dc.publisherPrague University of Economics and Businessen_US
dc.sourceScopus
dc.sourcetitlePoliticka Ekonomie
dc.titleAnalysing the Impacts of Shadow Economy, Financial Inclusion and Economic Policy Uncertainty on CO2 Emissionsen_US
dc.typeArticleen_US
dspace.entity.typePublication
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