Determinants of climate finance: Analysis of recipient characteristics in Sub-Sahara Africa

Cogent Economics & Finance

Andrew Phiri¹  Isaac Doku¹  Ronney Ncwadi¹ 

[1] Department of Economics, Nelson Mandela University, Port Elizabeth, South Afric;

关键词: Climate finance;    Climate readiness;    System generalized methods of moments (GMM);    Quantile regressions;    Sub-Sahara Africa;   

DOI  :  10.1080/23322039.2021.1964212

来源: Taylor & Francis

【 摘 要 】

What are the characteristics of recipient countries that attract more climate finance in mitigating and adapting to climate change? In this study, we address this question by looking at recipients in 43 Sub-Sahara African countries for the period 2006–2017, and implement several panel regression techniques, including system generalized methods of moments estimations to address potential endogeneity concerns. We also performed sensitivity analysis using panel quantile regressions. The findings show that Sub-Sahara African countries with higher population growth rate, higher poverty levels, better ease of doing business profile, weaker governance policies, weaker control of corruption, stronger rule of law enforcement, deepened social inequality, and better ICT usage, have attracted more climate finance. Policy implications of the study are discussed.

【 授权许可】

CC BY