The relationship between carbon dioxide, crop and food.pdf (885.17 kB)
The relationship between carbon dioxide, crop and food.pdf
journal contribution
posted on 2017-07-03, 05:32 authored by Samuel Asumadu SarkodieSamuel Asumadu Sarkodie, Phebe Asantewaa OwusuPhebe Asantewaa OwusuThe study estimated the relationship between carbon dioxide, crop and livestock production index in Ghana: Estimating the long-run elasticities and variance decomposition by employing a time series data spanning from 1960–2013 using both fit regression and ARDL models. There was evidence of a long-run equilibrium relationship between carbon dioxide emissions, crop production index and livestock production index. Evidence from the study shows that a 1% increase in crop production index will increase carbon dioxide emissions by 0.52%, while a 1% increase in livestock production index will increase carbon dioxide emissions by 0.81% in the long-run. There was evidence of a bidirectional causality between a crop production index and carbon dioxide emissions and a unidirectional causality exists from livestock production index to carbon dioxide emissions. Evidence from the variance decomposition shows that 37% of future fluctuations in carbon dioxide emissions are due to shocks in the crop production index while 18% of future fluctuations in carbon dioxide emissions are due to shocks in the livestock production index. Efforts towards reducing pre-production, production, transportation, processing and post-harvest losses are essential to reducing food wastage which affects Ghana’s carbon footprint.
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- Other economics not elsewhere classified
- Financial economics
- Agricultural economics
- Health economics
- Econometrics not elsewhere classified
- Applied economics not elsewhere classified
- Economic models and forecasting
- Econometric and statistical methods
- Environment and resource economics
- Socio-economic development
- Economic development policy
Keywords
GhanaEconometricsVariance decompositionCarbon dioxide emissionsFood productionEconomicsFinancial EconomicsAgricultural EconomicsHealth EconomicsEconometrics not elsewhere classifiedApplied Economics not elsewhere classifiedEconomic Models and ForecastingEconometric and Statistical MethodsEnvironment and Resource EconomicsEconomic Development and GrowthEconomic Development Policy
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