Exploring the Nexus of Energy Consumption, Trade Openness, CO2 Emissions, and Economic Growth: A Time Series Analysis in Kuwait

SSRN Electronic Journal, Journal Year: 2024, Volume and Issue: unknown

Published: Jan. 1, 2024

Examining the relationships between Kuwait's CO2 emissions, trade openness, energy use, and economic growth is main goal of this study. The researchers used World Bank yearly time series data for years 1971 through 2014 to achieve goal. Phillips-Perron Augmented Dicky Fuller procedures were in study evaluate stability sets. findings showed a variety patterns since certain variables had changing trend over (I (1) process), while others exhibited steady I (0) trend. sets analyzed using precise Autoregressive Distributed Lag (ARDL) Model, which revealed significant long-term relationship variables. As per study's findings, expected be positively significantly influenced long run by factors such as consumption, openness. However, it was observed that foreign direct investment (FDI) has negative coefficient, indicating impact on growth. Furthermore, statistically error correction term provided evidence did have short-term connection. These highlight critical role increasing openness promoting economy. yield valuable insights governmental authorities businesses operating Kuwait, underscoring crucial significance implementing measures aimed at curbing carbon emissions attracting pivotal drivers fostering sustainable

Language: Английский

Unpacking the Role of Renewable Energy Integration and Green Trade Policies on Environmental quality and Carbon-Neutral Economic Growth: A Dynamic Comparative Analysis of South Asian Economies

Journal of Policy Research, Journal Year: 2023, Volume and Issue: 10(3), P. 447 - 458

Published: Sept. 30, 2023

The purpose of this study is to measure the efficiency green trade policies encourage appropriate economic behavior. Some friendly eco such as Eco agreement, –Carbon Tariffs, Technology transfers seek spur some level responsibility and reduce infringements on ecology. This research, therefore, seeks examine role these in enhancing carbon neutral growth their relevance an instrument for development South Asia. We conducted comparative research Asian countries regarding " Role Renewable Energy Integration Green Trade Policies Environmental quality Carbon-Neutral Economic Growth: A Dynamic Comparative Analysis Economies "using data from selected emerging nations. Data was gathered World Bank website, covering period 2001 2022, alongside Organizations Bank, IMF, Development bank provide extensive datasets publications related Policies, Growth. robustness checks, pairwise correlation tests, linear regression, symmetry analysis, VIF tests. present contributes towards understanding details interactions between RE integration, SA economies. results reveal importance renewable energy sources environmental well produce vivid revelation effect CO₂ emissions environment. Increase GDP has been predicted by thus indicating that sustainability can enhance economy hence supporting hypothesis, about polices but there impact outputs unknown. Besides, technological advancement impediment element innovation a low-carbon economy. On other hand, negative labor force participation reveals Lounge calls market changes with respect productivity efficiency.

Language: Английский