Geopolitical risk and natural resources: A comparative analysis of trade integration in the African and European Unions DOI
Sidra Nazir, Oleg Mariev, Kazi Sohag

et al.

Natural Resources Forum, Journal Year: 2024, Volume and Issue: unknown

Published: Nov. 22, 2024

Abstract Geopolitically induced energy insecurity can impede trade integration among different economic blocs. This study employs a novel, sophisticated Fourier‐augmented ARDL methodology to explore the relationship between commodity prices, geopolitical risks, and within African Union (AU) European (EU) from January 2000 December 2023. Amid increasing tensions, this analysis uncovers distinct impacts on dynamics of AU EU, highlighting complex interplay natural resource abundance risk. The empirical findings reveal that prices generally in both regions, supporting curse hypothesis. However, risk has divergent effect, facilitating while hindering it EU. One novelties is use approach, which accounts for multiple structural breaks data, providing robust results. Additionally, comparative EU regional context risks another significant contribution. inclusion precious metals global supply chain variables provides deeper insights into dynamics, emphasizing importance proactive management. suggest tailored policy measures aimed at leveraging resources effectively mitigating pave way sustainable growth

Language: Английский

Quantifying carbon emissions through financial development in Ghana: empirical evidence from novel dynamic ARDL and KRLS techniques DOI Creative Commons
Kwadwo Boateng Prempeh, Christian Kyeremeh, Samuel Yeboah Asuamah

et al.

Cogent Economics & Finance, Journal Year: 2024, Volume and Issue: 12(1)

Published: Nov. 4, 2024

The critical issue of environmental degradation emphasises the urgent need for coordinated actions to safeguard and restore planet's fragile ecological balance. This study examines relationship between financial development carbon emissions in Ghana from 1990 2020, focusing on roles natural resource rents economic sustainability. Utilizing time-series data World Bank applying a dynamic autoregressive distributed lag (ARDL) model kernel-based regularized least squares (KRLS) machine learning technique, findings indicate that significantly increases both short- long-term. At same time, have negligible impact short term but contribute increased long run. Conversely, sustainability consistently reduces long-run. Our highlight policymakers prioritize green financing initiatives, promote products support renewable energy, implement stricter regulations exploitation. Additionally, incentives institutions invest environmentally-sustainable projects are vital achieving Ghana's neutrality goals.

Language: Английский

Citations

1

Environmental Impacts of Natural Resources, Renewable Energy, Technological Innovation, and Globalization: Evidence from the Organization of Turkic States DOI Open Access
Azizullah Faizi, Mehmet Zeki Ak, Mohammad Rahim Shahzad

et al.

Sustainability, Journal Year: 2024, Volume and Issue: 16(22), P. 9705 - 9705

Published: Nov. 7, 2024

Environmental challenges have intensified as a result of global warming and climate change, creating significant threats to environmental quality. The member nations the Organization Turkic States (OTS) are especially impacted by these issues, primarily because their reliance on fossil fuels, leading elevated carbon emissions. This study examines influence natural resources, renewable energy, technological innovation, globalization degradation in five OTS countries—Azerbaijan, Kazakhstan, Kyrgyzstan, Türkiye, Uzbekistan—covering years 1996 2020. ecological footprint CO2 emissions employed main indicators harm. Through application Method Moments Quantile Regression (MMQR), findings reveal that resources significantly contribute lower quantiles but show lesser impact footprint. Conversely, energy consistently improves quality across all quantiles, whereas innovation both associated with increased degradation. Additionally, causality test reveals bidirectional between consumption (EF), well EF. Moreover, unidirectional causal relationship is observed from Based findings, policy recommendations for states include promoting adoption fostering green innovations, addressing negative effects globalization. Such measures vital achieving Sustainable Development Goals ensuring long-term sustainability.

Language: Английский

Citations

1

Geopolitical risk and natural resources: A comparative analysis of trade integration in the African and European Unions DOI
Sidra Nazir, Oleg Mariev, Kazi Sohag

et al.

Natural Resources Forum, Journal Year: 2024, Volume and Issue: unknown

Published: Nov. 22, 2024

Abstract Geopolitically induced energy insecurity can impede trade integration among different economic blocs. This study employs a novel, sophisticated Fourier‐augmented ARDL methodology to explore the relationship between commodity prices, geopolitical risks, and within African Union (AU) European (EU) from January 2000 December 2023. Amid increasing tensions, this analysis uncovers distinct impacts on dynamics of AU EU, highlighting complex interplay natural resource abundance risk. The empirical findings reveal that prices generally in both regions, supporting curse hypothesis. However, risk has divergent effect, facilitating while hindering it EU. One novelties is use approach, which accounts for multiple structural breaks data, providing robust results. Additionally, comparative EU regional context risks another significant contribution. inclusion precious metals global supply chain variables provides deeper insights into dynamics, emphasizing importance proactive management. suggest tailored policy measures aimed at leveraging resources effectively mitigating pave way sustainable growth

Language: Английский

Citations

0