Role of economic uncertainty, financial development, natural resources, technology, and renewable energy in the environmental Phillips curve framework

Journal of Cleaner Production, Journal Year: 2023, Volume and Issue: 420, P. 138334 - 138334

Published: Aug. 3, 2023

Language: Английский

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Do technological innovation and financial development determine environmental quality? Empirical evidence from Arab countries

Review of Accounting and Finance, Journal Year: 2025, Volume and Issue: unknown

Published: Jan. 24, 2025

Purpose The Arab countries have numerous environmental problems, including massive emissions of carbon dioxide, climate change and increasingly high temperatures. Many prior studies explored the various determinants quality. However, few papers offer adequate empirical evidence on role technological innovation financial development in determining To fill this gap, study aims to investigate impact CO 2 emissions, controlling for several factors. Design/methodology/approach sample data cover 10 over a 30-year period. Because existence non-stationarity cointegration, authors use dynamic ordinary least squares fully modified models perform regressions among variables. Findings statistical results reveal that both negatively determine , which implies factors ensure quality region. A developed sector facilitates access funds thus enables adoption cleaner production technologies renewable energy sources. Both reduce degradation. In addition, advanced systems incentivize investment ecofriendly projects promote sustainable practices, fostering conducive environment improving analysis then reveals pollution halo effect foreign direct inflow. Research limitations/implications Based findings, recommend increasing research activities pay more attention improvement sector. can enhance sustainability countries. Originality/value This provides robustness analyses adds literature by widening coverage include

Language: Английский

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Charting a Sustainable Future: The Impact of Economic Policy, Environmental Taxation, Innovation, and Natural Resources on Clean Energy Consumption

Sustainability, Journal Year: 2023, Volume and Issue: 15(18), P. 13585 - 13585

Published: Sept. 11, 2023

Energy availability especially that derived from renewable sources has sustainable effects on economic progress and environmental rectifications. However, using clean energy in the mix been influenced by several macro fundamentals. The motivation of this study is to gauge impact uncertainties, restrictions innovation consumption for period 1997–2021 employing new econometric estimation techniques commonly known as CUP-FM CUP-BC. Referring preliminary assessment with slope homogeneity, cross-sectional dependency panel cointegration test, it unveiled research variables have exposed heterogeneity prosperities, dependence, long-run association empirical equation. According model output CUP-BC, EPU a native statistically significant connection consumption. At same time, taxation technological had beneficial development. Additionally, nonlinear disclosed asymmetric linkage between explanatory explained long short run. Directional causality revealed feedback hypothesis explaining relationship EPU, TI offered policy suggestions based findings future

Language: Английский

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Foreign Direct Investment, Technological Innovations, Energy Use, Economic Growth, and Environmental Sustainability Nexus: New Perspectives in BRICS Economies

Sustainability, Journal Year: 2023, Volume and Issue: 15(18), P. 14013 - 14013

Published: Sept. 21, 2023

In the current era, economic growth is inevitable for global prosperity but achieving sustainable development one of significant challenges developing world. The present study explores impacts foreign direct investment, energy use, and technological innovations on environmental quality BRICS countries period 1990–2018. We used augmented mean group (AMG), common correlated effects estimator (CCEMG), several other modern-day empirical techniques to analyze data. findings show that investment increases harms sustainability countries. Moreover, we have seen use directly proportional CO2 emissions. This confirms factors which in economies. Likewise, On hand, technology innovation has a relationship with an inverse emissions as it improves region. research adds existing literature by exploring interplay between FDI, innovation, growth, outcomes context major emerging study’s provide evidence role these shaping economies, they implications policymakers stakeholders addressing such warming climate change.

Language: Английский

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An asymmetric nexus between clean energy, good governance, education and inward FDI in China: Do environment and technology matter? Evidence for chines provincial data

Heliyon, Journal Year: 2023, Volume and Issue: 9(5), P. e15612 - e15612

Published: April 20, 2023

The inflows of FDI has revealed a catalyst effect on economic progress with sustainability. Furthermore, continual prompts. motivation the study is to evaluate effects energy, good governance, education, and environmental regulation in china for period 1997-2018. A panel data econometrical technique been implemented, including unit root, cointegration, CS-ARDL, asymmetric ARDL. Moreover, directional causality investigated by employing H-D test. According coefficients documented positive statistically significant linkage between explanatory variables, i.e., explained especially long run, whereas established an adverse association China. In terms standard Wald test, confirms variables long-run short-run estimation. Referring energy tie FDI, while negative connection was disclosed FDI. casualty test shocks CE [FDI←→ CE+;FDI←→CE-], education [ EDU- ←→FDI]. Based findings policy suggestions derived future development.

Language: Английский

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Does public-private investment augment renewable energy consumption in BIMSTEC nations? Evidence from symmetric and asymmetric assessment

Energy Strategy Reviews, Journal Year: 2023, Volume and Issue: 49, P. 101169 - 101169

Published: Aug. 17, 2023

This study investigates the impact of public-private investment, globalization, and urbanization on aggregation renewable energy demand in Bay Bengal Initiative for Multi-Sectoral Technical Economic Cooperation (BIMSTEC) Nations from 1990 to 2021. Various econometric tools based panel data analysis are employed analyze static properties variables using CADF CIPS unit root tests examine long-run relationship through cointegration with an error correction term. The also employs CS-ARDL approach establish short-run coefficients. Additionally, a Granger causality test is conducted. Based findings primary assessment, reveals that research units exhibit common dynamic properties, indicating presence cross-sectional dependency. demonstrates all become stationary after differencing them once. confirms between interest. According coefficients estimated CS-ARDL, concludes consumption has been positively significantly influenced by three explanatory variables: urbanization. Furthermore, assessment evidence supporting feedback hypothesis consumption, globalization. Because positive significant it may be beneficial implement targeted policies investments these areas encourage adoption energy. Governments private investors need join forces draw create atmosphere endeavors which can achieved focusing inventive ways financing implementing regulatory frameworks provide support.

Language: Английский

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Does Financial Deepening Foster Clean Energy Sustainability over Conventional Ones? Examining the Nexus between Financial Deepening, Urbanization, Institutional Quality, and Energy Consumption in China

Sustainability, Journal Year: 2023, Volume and Issue: 15(10), P. 8026 - 8026

Published: May 15, 2023

Energy availability and the selection of suitable energy sources have substantial implications on both economic environmental sustainability, it is because protection cost directly linked to overall inclusion in economy. Thus, importance clean has been noticed literature regardless structure. The purpose study discover effects financial deepening (FD), urbanization (UR), institutional quality (IQ) China’s consumption. Annual time series date for 1985 2019 utilized documenting coefficients explanatory variables by implementing linear nonlinear Autoregressive Distributed Lagged (ARDL) Fourier-TY causality test. In terms test statistics combined Maki cointegration, revealed that a long-run association prevails empirical nexus. Moreover, symmetric asymmetric framework established associations. Referring deepening, UR, governmental effectiveness, found statistically significant favorable impression REC. While effectiveness unveiled negatively influenced NREC fossil linkage between explained was confirmed through execution standard weld with null symmetry. asymmetry FD, IQ were positive at 1% level long short runs. directional feedback hypothesis holds understanding causal relationship factors RE usage. policy recommendations future generated from research findings.

Language: Английский

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Innovation-Led Environmental Sustainability in Vietnam—Towards a Green Future

Sustainability, Journal Year: 2023, Volume and Issue: 15(16), P. 12109 - 12109

Published: Aug. 8, 2023

The motivation of the study is to assess role education, technological innovation, financial and clean energy consumption trade openness on environmental sustainability in Vietnam. implemented symmetric asymmetric frameworks document explanatory variables’ coefficients ES. Study findings suggest that prompt by lowering carbon emission ecological imbalance long short run. Regarding assessment, standard Wald test confirmed association run For directional causality, TY–Fourier causality test. It revealed bidirectional between innovation sustainability. In contrast, unidirectional ran from education ES FDI Policy recommendations have been derived empirical both investigations. These highlight importance prioritizing investments enhance Moreover, promoting technologies encouraging innovations can serve as additional catalysts for advancing sustainable practices. implications policy mentioned above offers valuable insights policymakers stakeholders their endeavor develop strategies achieve While contribute our understanding determinants Vietnam, it important note study’s scope limited examined determinants. Other factors not included may also a significant role.

Language: Английский

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Nexus between Government Debt, Globalization, FDI, Renewable Energy, and Institutional Quality in Bangladesh

International Journal of Energy Economics and Policy, Journal Year: 2023, Volume and Issue: 13(3), P. 443 - 456

Published: May 17, 2023

The present study has investigated the nexus between Renewable energy consumption, government debt, globalization, FDI, and Institutional quality in Bangladesh for 1995-2021 by implementing both symmetric asymmetric frameworks. Regarding stationary test, all research variables have exposed after first difference, which is desirable robust econometrical estimation. long-run association explained explanatory been documented through cointegration test offered Bayer Hanck (2013) Maki (2012). Moreover, Bound testing approach, such as F-test, Wald t-test, revealed that statistics are statistically significant at a 1% level, suggesting empirical nexus. As stated assessment, positive linkage exists financial development, institutional quality, implying with intent of targeted macro fundaments, institutions can be enriched, especially long run. Additionally, an adverse connection was governmental debt propensity quality. investigation established short-run Based on findings, several policy suggestions derived to improve

Language: Английский

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Achieving net-zero emission target in Africa: Are sustainable energy innovations and financialization crucial for environmental sustainability of sub-Saharan African state?

Applied Energy, Journal Year: 2024, Volume and Issue: 364, P. 123120 - 123120

Published: April 6, 2024

Following the rising importance of energy transition in environmental sustainability discussion, it is imperative to understand roles sustainable innovations and financialization reach informed inferences for policy formulation. We examined quality performance Sub-Sahara Africa using case resource-rich Ghanaian state vis-à-vis possible moderating influence green financial development. The empirical analysis encompassed various estimation issues, including structural breaks, heteroscedasticity, normality data structure. simulated with dynamic autoregressive-distributed lag technique confirmed that financialization, resource rents, economic growth are significant positive determinants pollutant emissions. However, decrease rate pollution nation. Moreover, interaction between development improves ecological quality, while natural resources spurs ecosystem. Furthermore, causal connections series indicated unidirectional causalities from innovations, interactive terms rents bi-directionally related pollution. Hence, study essentially suggests net-zero emission agenda Paris Accord achievable higher investments harnessing benefits international flows boost capacity Sub-Saharan Ghanian economy.

Language: Английский

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