Investigating the Effect of Gross Capital Formation on Carbon Emissions in Somalia

Authors

  • Abdirahman Mohamed Nur Department of Economics, Istanbul Ticaret University, Istanbul, Turkey
  • Ahmed Hassan Adan Faculty of Economics, Salaam University, Mogadishu, Somalia
  • Ahmed Dahir Ahmed Department of Economics, Istanbul Ticaret University, Istanbul, Turkey
  • Ali Abdukadir Ali Gutale Faculty of Economics, Salaam University, Mogadishu, Somalia
  • Ali Yassin Sheikh Ali Faculty of Economics, Simad University, Mogadishu, Somalia
  • Mohamed Saney Dalmar Department of Economics, Universiti Putra Malaysia, Selangor, Malaysia

DOI:

https://doi.org/10.32479/ijeep.15788

Keywords:

Somalia, Gross Capital Formation, Climate Change, Autoregressive Distributed Lag

Abstract

The advent of climate change has evolved into a paramount challenge for humanity, prompting extensive endeavors to mitigate its consequences. This research delves into the influence between gross capital formation (GCF) and carbon dioxide emissions in Somalia, spanning the years 1991-2019. To scrutinize the long-term associations among the variables under consideration, the study employed autoregressive distributed lag (ARDL) model. Additionally, to ensure the robustness of the study, both dynamic ordinary least squares and fully modified ordinary least squares were applied. Contrary to expectations, the findings indicate that GCF does not exert a significant influence on carbon dioxide emissions. The study advocates for the implementation of a comprehensive environmental policy framework that considers a spectrum of contributing factors beyond GCF. To address the multifaceted nature of environmental challenges, the study recommends initiatives such as diversification of energy sources, technology transfer, promotion of sustainable practices, and integration of climate resilience.

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Published

2024-07-05

How to Cite

Nur, A. M., Adan, A. H., Ahmed, A. D., Gutale, A. A. A., Ali, A. Y. S., & Dalmar, M. S. (2024). Investigating the Effect of Gross Capital Formation on Carbon Emissions in Somalia. International Journal of Energy Economics and Policy, 14(4), 631–641. https://doi.org/10.32479/ijeep.15788

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Articles