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The Effect Of Population And Financial Development On Environmental Health In Nigeria (1980-2019)

Author

Listed:
  • Temitope Sade , AKINTUNDE

    (Osun State University)

  • Mathew , ADAGUNODO

    (Osun State University)

  • Oluwatosin Mary , ADERAJO

    (Osun State University)

  • Bosede Esther , AKANBI

    (Osun State University)

Abstract

In recent times, environmental health quality has raised issues on dynamics of population, financial development and environmental health quality in Nigeria. The present study has made an attempt to explore interlinks among these variables using Autoregressive Distributive Lag (ARDL) bound cointegration approach. The study period is from1980 to 2019. The coefficient of population has a positive and statistically significant effect on carbon emission proxy for environmental quality for both short and long-run. The coefficient market capitalization (MCP) is statistically significant at 5% level and with the positive sign in the both short-run and long-run. However, credit to private sector has negative and significant impact on carbon emission. Nigeria should develop its financial sector to enhance investment in energy saving equipment that will reduce carbon emission, hence improve environmental quality. Also, the growing population should be encouraged to use the clean form of energy for their daily activities.

Suggested Citation

  • Temitope Sade , AKINTUNDE & Mathew , ADAGUNODO & Oluwatosin Mary , ADERAJO & Bosede Esther , AKANBI, 2021. "The Effect Of Population And Financial Development On Environmental Health In Nigeria (1980-2019)," Annals of Spiru Haret University, Economic Series, Universitatea Spiru Haret, vol. 21(3), pages 149-165.
    • Handle: RePEc:ris:sphecs:0407
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    More about this item

    Keywords

    population; financial development; environmental health; autoregressive distributive lag;
    All these keywords.

    JEL classification:

    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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