Assessing the Co-Movements between Electricity Use and Carbon Emissions in the GCC area: Evidence from a Wavelet Coherence Method

Matar, Ali; Fareed, Zeeshan; Magazzino, Cosimo; Al-Rdaydeh, Mahmoud; Schneider, Niklas

doi:10.21203/rs.3.rs-1095996/v1

Cited by 5 publications

(3 citation statements)

References 68 publications

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“…This is a strong indicator that the intensity of energy is a significant indicator in the economic growth of Pakistan. This outcome corroborates the study of Matar et al (2021). In Pakistan's current scenario, this is a major problem affecting the country's economic development.…”

Section: Findings and Discussionsupporting

confidence: 93%

The growth impacts of agriculture value‐added, energy utilization, and environmental degradation in Pakistan: Causality in continuous wavelet transform approach

Adebayo

Alola

Ullah

et al. 2023

Natural Resources Forum

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Considering the increasing challenge to Pakistan's sustainable economic growth and development, the current study posits a fresh perspective on the dimension of attainable sustainable economic growth in the country. Based on this, a more innovative Granger causality of wavelet coherence and frequency domain approaches are employed to proffer inference for the relationship between economic growth, agriculture value‐added, energy utilization, urbanization, and environmental degradation via carbon dioxide (CO2) emissions over the period 1965 to 2021. The result reveals that economic growth in Pakistan is positively related to the aforementioned variables with a significant dimension. Moreover, with a statistically significant degree of evidence, there is bidirectional causality between energy utilization and economic expansion. Similarly, there is a significant bidirectional causality between environmental degradation (as captured by carbon emission) and economic expansion. This better translates that historical information of energy utilization and carbon emissions could explain the future dimension of economic growth in Pakistan and vice versa. Expectedly, increasing urbanization and value‐added from the agricultural sector of the economy both Granger causes economic growth in Pakistan. The implication for the policymaker is that as much as economic growth is a vital indicator of sustainable development, the policy initiatives should reflect environmental, energy development, agricultural sector, and urban activities dimensions.

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Section: Findings and Discussionsupporting

confidence: 93%

The growth impacts of agriculture value‐added, energy utilization, and environmental degradation in Pakistan: Causality in continuous wavelet transform approach

Adebayo

Alola

Ullah

et al. 2023

Natural Resources Forum

View full text Add to dashboard Cite

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“…The Wavelet methodology is developed in engineering sciences. It has applied to other fields of science like finance and economic and environmental studies (Fareed et al, 2020 ; Fareed & Iqbal, 2020 ; Habib et al, 2021 ; Iqbal et al, 2020 ; Madaleno & Pinho, 2012 ; Matar et al, 2021 ; Saiti, 2012 ; Vacha & Barunik, 2012 ) to investigate the comovement and contagion in time series. This method is an alternative to time series and frequency domain methods (Saiti et al, 2016 ).…”

Section: Methodsmentioning

confidence: 99%

Exploring the co‐movements between COVID‐19 pandemic and international air traffic: A global perspective based on wavelet analysis

Fareed

Asl

Irfan

et al. 2022

International Migration

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The travel and tourism industry was one of the fastest‐growing industries before the onset of the COVID‐19 pandemic. However, to avoid COVID‐19 spread, the government authorities imposed strict lockdown and international border restrictions except for some emergency international flights that badly hit the travel and tourism industry. The study explores the nexus between international air departures and the COVID‐19 pandemic in this strain. We use a novel wavelet coherence approach to dissect the lead and lag relationships between international flight departures and COVID‐19 deaths from January 2020 to September 2020 (COVID‐19 first wave period). The results reveal that international flights cause the spread of COVID‐19 spread during May 2020 to June 2020 worldwide. The overall findings suggest asymmetries between daily international flight departures and COVID‐19 deaths globally at different time‐frequency periods due to uncertainty surrounding the COVID‐19 pandemic. The study will be conducive for the policymakers to control the upsurge of COVID‐19 spread worldwide.

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“…4. The empirical analysis portion needs (Hao, 2023b;Matar et al, 2023). Likewise, EG-POS and EG-NEG have coefficients of 0.025 and 0.048 and are significant at the 5% and 10% levels, respectively.…”

Section: Empirical Findings and Explanationsmentioning

confidence: 99%

Green finance and foreign direct investment–environmental sustainability nexuses in emerging countries: new insights from the environmental Kuznets curve

Qadri

Shi

Rahman

et al. 2023

Front. Environ. Sci.

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The primary objective of the present study is to identify the asymmetric relationship between green finance, trade openness, and foreign direct investment with environmental sustainability. The existing research utilizes the asymmetric approach to evaluate annual data from 1980 to 2021. The findings of this study show heterogeneous results. Therefore, the outcomes of the study confirm the nonlinear (NARDL) association between the variables in Pakistan. Moreover, the study describes the positive shock of foreign direct investment (FDI) as a significant and positive relationship with environmental degradation, while the negative shock of FDI shows a negative and significant relationship with the environment. Furthermore, the study scrutinizes the positive shock of green finance as a significant and negative relationship with environmental degradation; the negative shocks also show a negative relationship with environmental degradation in Pakistan. In addition, the consequences of the study suggest that the government should implement taxes on foreign investment and that investors should use renewable energy to produce goods. Furthermore, the results suggest that the government should utilize fiscal policy and fiscal funds to enhance carbon-free projects. Moreover, green securities should be used for green technologies. However, Pakistan can control its carbon emissions and achieve the target of a sustainable environment. Therefore, Pakistan’s government should stabilize its financial markets and introduce carbon-free projects. Furthermore, the main quantitative achievement according to the outcomes suggests that policymakers make policies in which they suggest to the government to control foreign investment that causes carbon emissions because of trade openness and also invest the funds in renewable energy, which helps to control the carbon emissions.

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Assessing the Co-Movements between Electricity Use and Carbon Emissions in the GCC area: Evidence from a Wavelet Coherence Method

Cited by 5 publications

References 68 publications

The growth impacts of agriculture value‐added, energy utilization, and environmental degradation in Pakistan: Causality in continuous wavelet transform approach

The growth impacts of agriculture value‐added, energy utilization, and environmental degradation in Pakistan: Causality in continuous wavelet transform approach

Exploring the co‐movements between COVID‐19 pandemic and international air traffic: A global perspective based on wavelet analysis

Green finance and foreign direct investment–environmental sustainability nexuses in emerging countries: new insights from the environmental Kuznets curve

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