11 research outputs found
Public-Private Partnerships Investment in Energy as New Determinant of CO2 Emissions: The Role of Technological Innovations in China
This paper explores the relationship between âpublic-private partnerships investment in energy sector and carbon emissionsâ considering the vital role of technological innovations in carbon emissions function for China. In doing so, we apply bootstrapping autoregressive distributed lag modeling (BARDL) for examining the cointegration between carbon emissions and its determinants. The empirical results reveal that public-private partnerships investment in energy impedes environmental quality by increasing carbon emissions. On contrary, technological innovations have negative effect on carbon emissions. The relationship between economic growth and carbon emissions is inverted-U shaped i.e. environmental Kuznets curve hypothesis. Exports are positively linked with carbon emissions. Foreign direct investment impedes environmental quality by stimulating CO2 emissions. The empirical findings provide new insights for policy makers to direct public-private partnerships investment in energy for the betterment of environmental quality in China
Public-Private Partnerships Investment in Energy as New Determinant of CO2 Emissions: The Role of Technological Innovations in China
This paper explores the relationship between âpublic-private partnerships investment in energy sector and carbon emissionsâ considering the vital role of technological innovations in carbon emissions function for China. In doing so, we apply bootstrapping autoregressive distributed lag modeling (BARDL) for examining the cointegration between carbon emissions and its determinants. The empirical results reveal that public-private partnerships investment in energy impedes environmental quality by increasing carbon emissions. On contrary, technological innovations have negative effect on carbon emissions. The relationship between economic growth and carbon emissions is inverted-U shaped i.e. environmental Kuznets curve hypothesis. Exports are positively linked with carbon emissions. Foreign direct investment impedes environmental quality by stimulating CO2 emissions. The empirical findings provide new insights for policy makers to direct public-private partnerships investment in energy for the betterment of environmental quality in China
The Effect of Renewable Energy Consumption on Economic Growth: Evidence from the Renewable Energy Country Attractive Index
The use of non-renewable resources emits a high quantity of CO2 into environment, leading to a greenhouse effect, to reduce CO2 emissions all countries have shifted to use renewable energy sources. Therefore, this study re-examines the effect of renewable energy consumption on economic growth across 38 renewable-energy-consuming countries from 1990 to 2018. The dynamic ordinary least squares (DOLS), fully modified ordinary least squares (FMOLS) and heterogeneous non-causality approaches are applied. The empirical analysis confirms the presence of a long-run relationship between renewable energy consumption and economic growth. Further, we noted that renewable energy, non-renewable energy, capital and labor have positive impact on economic growth, particularly, renewable energy consumption has a positive impact on economic growth for 58% of the sample countries. The empirical results suggest that international cooperation agencies, energy organizers, governments, and associated bodies must act together in increasing renewable energy investment for low carbon growth in most of these economies
The effect of technological innovation and clean energy consumption on carbon neutrality in top clean energy-consuming countries: A panel estimation
According to the reports of the âIntergovernmental Panel on Climate Changeâ (IPCC) 2021, it also is absolutely important to limit global temperature rise to 1.90C-1.50C by 2050, and this is only possible by the involvement of green or clean technologies, negative carbon emissions technologies, change in the attitude of the people towards the environment quality, and suitable energy policies are required for achieving carbon neutrality. Given this framework, the study investigates the empirical impact of technological innovations and clean energy utilize on the ecological footprint and emissions for a panel of clean energy-consuming nations during 1990â2019. The findings indicate that clean energy improves environmental quality by reducing both emissions as well as ecological footprint. On contrary, it is also observed that innovations, population, economic growth and the use of non-clean energy have a substantial positive effect on both the emissions and ecological footprint. Thus, the results offer new insights for policymakers to encourage technological innovations for the advancement of both clean energy and negative emissions technologies. Finally, it shows how carbon neutrality can be achieved by clean energy-consuming countries
Public-private partnerships investment in energy as new determinant of renewable energy: The role of political cooperation in China and India
The most urgent global concerns revolve around environmental degradation and climate change. The potential approach to address these challenges is the implementation of a transition towards renewable energy sources. The acquisition of capital plays a crucial role in facilitating the transition towards clean energy. The government sector has demonstrated a lack of adequate funds in numerous instances. Given the substantial financial requirements associated with renewable energy, it is imperative to establish partnerships with the private sector. Hence, this study examines the influence of public-private partnership investments on renewable energy, specifically focusing on the significance of political cooperation, R&D expenditures, and technological innovation in China and India from 1990 to 2021. We used panel ARDL and the Pairwise Granger causality tests for analysis. The findings revealed that public-private partnerships, R&D investments, and political cooperation enhance renewable energy whereas, technology impedes renewable energy. The results of the causality test confirm that there exists a bidirectional relationship between investments in research and development and renewable energy. Additionally, the analysis reveals a unidirectional relationship between technology and renewable energy. The study suggested policy implications for guiding investments in public-private partnerships within the energy sector to enhance renewable energy generation and safeguard environmental integrity
Financial development, trade openness and growth in India
This paper studies the relationship between the financial development, trade openness
and economic growth in India. The Phillips-Perron (PP) test is used to check the order of
integration of the variables. We apply both Johansen co-integration and Granger causality
methodologies for a long run relationship and the direction of the Causality between the variables.
Our findings confirm that there exist the long run relationship among financial development, trade
openness, and growth. Results also support the idea that country may experience faster per-capita
growth with a growing degree of trade openness through gains in country productivity associated
with capital accumulation. Finally, the direction of the causality results followed mixed
Decomposing Scale and Technique Effects of Financial Development and Foreign Direct Investment on Renewable Energy Consumption
This paper contributes to literature by divulging the nature of scale and technique effects on renewable energy consumption, considering foreign direct investment (FDI) and financial development as considerable factors of renewable energy demand. The data for 39 countries over the period of 2000-2019 is used for empirical analysis. In doing so, second generation methodological approaches are applied to decompose scale and technique effects. The empirical results show the presence of cointegration between the model parameters, in the presence of cross-sectional dependence and structural breaks. Further, financial development is positively linked with renewable energy consumption. Foreign direct investment and renewable energy demand are positively linked. Composition effect has negative effect on renewable energy consumption. Economic growth and fossil fuel consumption have positive impact on renewable energy consumption. Long run estimation results indicate that renewable energy-FDI and renewable energy-financial development associations are U-shaped. It indicates that the scale effects exerted by FDI and financial development are overridden by technique and composition effects, and hence, the demand for renewable energy and consequential renewable energy consumption rises with the progression of economic growth. Based on this, policy suggestions are provided for these nations to ascertain sustainable development through bringing forth transformations in the energy policies
Macroeconomic variables and stock prices in emerging economies: A panel analysis
This study aim to explore the role of the macroeconomic variables and stock prices for
emerging economies perspective. Further, the study examines the association between the
macroeconomic variable and stock prices across the panel of India and Brazil. The study utilizes
monthly data from 2000M1-2016M08. We employ various panel econometric techniques. The
findings confirm that the long run relationship between variables and unidirectional causality. The
results also reveal that GDP, inflation, exchange rate, interest rate and stock prices play an
important role in economic development
The Effect of Renewable Energy Consumption on Economic Growth: Evidence from the Renewable Energy Country Attractive Index
The use of non-renewable resources emits a high quantity of CO2 into environment, leading to a greenhouse effect, to reduce CO2 emissions all countries have shifted to use renewable energy sources. Therefore, this study re-examines the effect of renewable energy consumption on economic growth across 38 renewable-energy-consuming countries from 1990 to 2018. The dynamic ordinary least squares (DOLS), fully modified ordinary least squares (FMOLS) and heterogeneous non-causality approaches are applied. The empirical analysis confirms the presence of a long-run relationship between renewable energy consumption and economic growth. Further, we noted that renewable energy, non-renewable energy, capital and labor have positive impact on economic growth, particularly, renewable energy consumption has a positive impact on economic growth for 58% of the sample countries. The empirical results suggest that international cooperation agencies, energy organizers, governments, and associated bodies must act together in increasing renewable energy investment for low carbon growth in most of these economies