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Examining the Interlinkage between CO2 Emissions and Inclusive Human Development: Unveiling the Significance of Effective Institutions

Author

Listed:
  • Alanda Venter

    (Department of Economics, University of Pretoria, Private Bag X20, Hatfield 0028, South Africa)

  • Roula Inglesi-Lotz

    (Department of Economics, University of Pretoria, Private Bag X20, Hatfield 0028, South Africa)

Abstract

Climate change is one of the most significant market failures transpiring and hampering human development progress. Government intervention is required to correct this market failure to avoid catastrophic repercussions. The UNDP indicated climate change has become a ``defining human development issue of our generation" (United Nations Development Program, 2022). Given the threat that climate change poses to human development, it is imperative to find effective ways to mitigate its targeted effects on human development. The study investigates how institutions might assist in reducing the harmful impacts of emissions on human development. Utilizing panel data analysis as the methodological foundation this study uses 36 countries for the time period 2003 to 2018. The results indicate that institutions can be a robust instrument in modulating climate change effects.

Suggested Citation

  • Alanda Venter & Roula Inglesi-Lotz, 2023. "Examining the Interlinkage between CO2 Emissions and Inclusive Human Development: Unveiling the Significance of Effective Institutions," Working Papers 202334, University of Pretoria, Department of Economics.
    • Handle: RePEc:pre:wpaper:202334
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    References listed on IDEAS

    as
    1. Saha, Shrabani & Zhang, Zhaoyong, 2017. "Democracy-growth nexus and its interaction effect on human development: A cross-national analysis," Economic Modelling, Elsevier, vol. 63(C), pages 304-310.
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