Foreign Direct Investment, Environmental Pollution and Life Expectancy in Nigeria
DOI:
https://doi.org/10.64229/ag269g34Keywords:
Carbon Emission, Life Expectancy, Population Growth, Foreign Direct InvestmentAbstract
This study examines the effect of foreign direct investment and environmental pollution on life expectancy in Nigeria. Using annual time series data on Carbon Emission (CO2), Life Expectancy (LEX), Economic Growth (GDP per capita), Population Growth rate (POP), and Foreign Direct Investment (FDI) were sourced from the World Bank online Database 2023. The study employed the Autoregressive Distributed Lag (ARDL) approach. The results reveal that carbon emission (CO2) has negative effects on life expectancy in the long run and short run coefficients. Furthermore, the result of the Error Correction Mechanism (ECM) explored the speeds of adjustment from long-run to short-run equilibrium is very low 7.4 percent per annum. The findings of this study recommend the following policies that will improve the environmental quality and life expectancy. The effect of environmental pollution can be reduced if the government adopts an effective fiscal measure on fossils/carbon emissions in both public and private enterprises. Also, governments and industries should invest in sources of clean energy that will improve the ecological friendly for sustainable development.
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