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Implications of sustainability initiatives on African Continental Free Trade adoption by firms under environmental uncertainty

Author

Listed:
  • Michael Karikari Appiah
  • Evelyn Toseafa
  • Aloysius Sam
  • Felix Danso
  • Alex Nsowah

Abstract

Purpose - Despite the enormous expectant opportunities from the African Continental Free Trade Area (AfCFTA), including creating a single continental market for goods and services, trade and investment, one key deterrent has remained fiercely unresolved due to failed trajectories with similar regional markets initiatives in the continent, and that is environmental uncertainty. To address this concern, this paper aims to develop a sustainability enabled-model to facilitate the adoption of AfCFTA under uncertain environment conditions to guide prospective investors and facilitators. Design/methodology/approach - This study is anchored on quantitative research approach and positivists’ paradigm. Survey strategy has been used to collect data from 520 medium-sized firms across Ghana. Data analyses have been conducted with the using smart partial least squares version 3.3.3 analytical tool and structural equation modeling modality. Findings - The findings have showed that institutionalization, supply chain integration, supply chain resilience and innovativeness have positive effects on AfCFTA adoption under uncertainty. Moreover, AfCFTA adoption provides mechanisms through which to attain sustainable supply chain performance. Meanwhile, environmental uncertainty negatively influences AfCFTA adoption, and weakens the relationships between the adoption and sustainability performance. Originality/value - This paper has developed an integrated investment decision model to facilitate AfCFTA adoption under environmental uncertainty. It provides new insights into the African free market to guide policymakers, practitioners, academics and promoters of AfCFTA on sustainability initiatives that influence its adoption under uncertainty. Moreover, the new model, which serves as a strategic tool for decision-making, could be used to stimulate the ratification and the trade facilitation measures to build strong confidence in current and prospective investors.

Suggested Citation

  • Michael Karikari Appiah & Evelyn Toseafa & Aloysius Sam & Felix Danso & Alex Nsowah, 2023. "Implications of sustainability initiatives on African Continental Free Trade adoption by firms under environmental uncertainty," International Journal of Development Issues, Emerald Group Publishing Limited, vol. 22(2), pages 255-277, May.
    • Handle: RePEc:eme:ijdipp:ijdi-01-2023-0001
    DOI: 10.1108/IJDI-01-2023-0001
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    Cited by:

    1. Aloysius Sam & Michael Karikari Appiah & Elikplim Ameko & Beverly Akomea Bonsu, 2024. "Smart Initiatives to Drive Solar Energy Investments under Environmental Uncertainty: Exploring Linear and Quadratic Relationships," International Journal of Energy Economics and Policy, Econjournals, vol. 14(4), pages 550-561, July.

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