Does Globalization Moderate the Effect of Economic Complexity on CO2 Emissions? Evidence From the Top 10 Energy Transition Economies DOI Creative Commons

He Kai,

Muhammad Ramzan, Abraham Ayobamiji Awosusi

et al.

Frontiers in Environmental Science, Journal Year: 2021, Volume and Issue: 9

Published: Nov. 26, 2021

The association between economic complexity (sophisticated structure) and carbon emissions has major implications for environmental sustainability. In addition, globalization can be an important tool attaining sustainability it may also moderate the emissions. Thus, this research examines effects of complexity, growth, renewable energy, on CO 2 in top 10 energy transition economies where have greatly increased over last 3 decades. Furthermore, study evaluates joint effect Keeping view presence slope heterogeneity cross-sectional dependence data, utilized second-generation unit root tests (CIPS CADF), Westerlund cointegration approach, CS-ARDL CCEMG long-run estimators period 1990–2018. results affirmed among considered variable. Long-run findings revealed that globalization, decrease Conversely, growth increases Moreover, impact stimulates Based these findings, government groups should continue to expand usage energy. They promote interaction with rest world by adopting policy opening up.

Language: Английский

Role of technological innovation and globalization in BRICS economies: policy towards environmental sustainability DOI
Abraham Ayobamiji Awosusi, Tomiwa Sunday Adebayo, Derviş Kırıkkaleli

et al.

International Journal of Sustainable Development & World Ecology, Journal Year: 2022, Volume and Issue: 29(7), P. 593 - 610

Published: March 30, 2022

The present study aims to discover the impact of political risk, globalization and technological innovation on ecological footprint in BRICS economies by employing a dataset covering period between 1990 2017 incorporating non-renewable energy utilization economic growth as other regressors through panel quantile regression. outcomes established that growth, usage, risk increase footprint. Conversely, significantly decreases ordinary least squares approach serves sensitivity test for robustness analysis. Furthermore, Dumitrescu-Hurlin causality confirmed bidirectional causal interaction exists innovation, globalization, while one-way interconnection runs from risk. Notably, general policy suggestion indicates need policymakers intensively coordinate efforts combat serious environmental deterioration economies.

Language: Английский

Citations

147

The potency of resource efficiency and environmental technologies in carbon neutrality target for Finland DOI Creative Commons
Andrew Adewale Alola, Tomiwa Sunday Adebayo

Journal of Cleaner Production, Journal Year: 2023, Volume and Issue: 389, P. 136127 - 136127

Published: Jan. 19, 2023

Motivated by Finland's ambitious transition to circular economy through the reduction of consumable non-renewable resources and carbon neutral 2035, this study employs Fourier approaches stationarity, cointegration, causality alongside long-run estimators fully modified dynamic least squares examine environmental aspects resource productivity, environmental-related technologies, export intensity over period 1990–2020. Interestingly, given two estimators, result established that a percent increase in raw material productivity yields decline greenhouse gas emission range 61–70 percent. Additionally, there is desirable statistically significant impact technologies on with an elasticity 0.16–0.18 long-run. While activities does not constitute impact, economic growth as measured Gross Domestic product (GDP) significantly hampers sustainability Moreover, approach including Toda Yamamoto offers strong inference along insinuation results for all examined factors. Given observation, relevant policy measures were highlighted further guide decision makers Finland pursuit zero target.

Language: Английский

Citations

145

Environmental concerns in the United States: Can renewable energy, fossil fuel energy, and natural resources depletion help? DOI

Sun Yi,

Kashif Raza Abbasi, Khadim Hussain

et al.

Gondwana Research, Journal Year: 2023, Volume and Issue: 117, P. 41 - 55

Published: Jan. 25, 2023

Language: Английский

Citations

128

How Do Renewable Energy, Economic Growth and Natural Resources Rent Affect Environmental Sustainability in a Globalized Economy? Evidence From Colombia Based on the Gradual Shift Causality Approach DOI Creative Commons
Abraham Ayobamiji Awosusi, Mário Nuno Mata, Zahoor Ahmed

et al.

Frontiers in Energy Research, Journal Year: 2022, Volume and Issue: 9

Published: Jan. 28, 2022

Undoubtedly, fossil fuel energy consumption causes global warming. The question at the core is whether or not we want to quit consumption? obvious answer this “no.” Therefore, necessity for innovation curial attain green and sustainable growth. This research specifically focused on Colombia, which represents aforementioned threats a large extent as trajectory of economic expansion characterized by significant CO 2 emissions in Colombia. In regard, examine association between globalization, renewable energy, natural resources rent, growth, from 1970 2017. cointegration test confirmed long considered variables. study employed Fully Modified Ordinary Least Squares, Dynamic Autoregressive Distributed Lag estimators long-run analysis. empirical results uncovered growth-induced result illustrated that path development unsustainable Columbia. contrast, globalization demonstrated favorable contribution environmental quality. outcomes Gradual Shift Causality indicated resource growth Granger cause emissions. findings highlight need enact well-coordinated measures reduce deterioration Colombia must aggressively promote also foster better viable environment investment mitigate damage caused

Language: Английский

Citations

125

Does Globalization Moderate the Effect of Economic Complexity on CO2 Emissions? Evidence From the Top 10 Energy Transition Economies DOI Creative Commons

He Kai,

Muhammad Ramzan, Abraham Ayobamiji Awosusi

et al.

Frontiers in Environmental Science, Journal Year: 2021, Volume and Issue: 9

Published: Nov. 26, 2021

The association between economic complexity (sophisticated structure) and carbon emissions has major implications for environmental sustainability. In addition, globalization can be an important tool attaining sustainability it may also moderate the emissions. Thus, this research examines effects of complexity, growth, renewable energy, on CO 2 in top 10 energy transition economies where have greatly increased over last 3 decades. Furthermore, study evaluates joint effect Keeping view presence slope heterogeneity cross-sectional dependence data, utilized second-generation unit root tests (CIPS CADF), Westerlund cointegration approach, CS-ARDL CCEMG long-run estimators period 1990–2018. results affirmed among considered variable. Long-run findings revealed that globalization, decrease Conversely, growth increases Moreover, impact stimulates Based these findings, government groups should continue to expand usage energy. They promote interaction with rest world by adopting policy opening up.

Language: Английский

Citations

123