Do economic endeavors complement sustainability goals in the emerging economies of South and Southeast Asia?

Sharma, Rajesh; Sinha, Avik; Kautish, Pradeep

doi:10.1108/meq-10-2020-0218

Cited by 24 publications

(11 citation statements)

References 81 publications

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“…This indicates that the connection between economic growth and CO2 emissions has the inverted U-shape of the Kuznets hypothesis in SSA. This result is consistent with the conclusion of other similar earlier studies in different countries (Amar, 2021;Sharif et al, 2020;Sharma et al, 2021b;Ulucak & Bilgili, 2018; Sharma et al, 2021a;Elbatanony et al, 2021;Sharma et al, 2021a;Jihuan Zhang, 2021;Arshed et al, 2021;Elbatanony et al, 2021;Sohag et al, 2019;Bousquet & Favard, 2005;Terrell, 2021;Xiong et al, 2018;He et al, 2017).…”

Section: Pmg/ardl Estimatorssupporting

confidence: 94%

“…There is an expanding body of literature that examines the cogency of the conventional upturned U-shape EKC hypothesis in different nations (Amar, 2021;Sharif et al, 2020;Sharma et al, 2021b;Ulucak & Bilgili, 2018;. Some of them does not support the EKC hypothesis (Ansari, Ahmad, et al, 2020;Sharma et al, 2021a); others found N-shaped relationship (Elbatanony et al, 2021;Sharma et al, 2021a;Jihuan Zhang, 2021); U-shaped (Ansari, Ahmad, et al, 2020;Arshed et al, 2021;Elbatanony et al, 2021;Sohag et al, 2019); M-shaped (Bousquet & Favard, 2005;Terrell, 2021); S-shaped (Xiong et al, 2018).…”

Section: Introductionmentioning

confidence: 99%

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Testing Environmental Kuznets Curve Hypothesis for Sub-Saharan African Countries: The Role of Income Inequality and Economic Freedom

Hundie

Bekele

Degu

2022

Preprint

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The rise in atmospheric carbon dioxide (CO2) concentrations has become one of the world’s major environmental concerns nowadays. It has prompted many scholars to investigate the factors that influence CO2 emissions. Many researchers, but overlook the role of economic freedom and income inequality in analyzing the EKC in Sub-Saharan African (SSA) countries. Taking 16 countries based on data availability, this study examines the effect of economic freedom and income disparity on CO2 emissions under the environmental Kuznets curve hypothesis, using balanced quarterly data straddling from 2000 to 2015. To undertake pre-estimation tests, we applied the second-generation panel cross-sectional dependence, slope homogeneity, and unit root tests. By applying cointegration and Granger tests that take heterogeneity into account, the study examined the cointegration status and direction of causality between the variables under scrutiny. PMG/ARDL estimation technique was applied to estimate the long-run coefficients. Results from the PMG/ARDL reveal that economic freedom has no statistically significant effect on CO2 emissions. The result supports the EKC hypothesis. Income inequality, industrialization, and non-renewable energy consumption have statistically significant positive effects on CO2 emissions in the long run. Economic freedom does not affect the environmental quality in the panel of countries studied. The results from the Granger causality analysis indicate that economic freedom, income inequality, renewable energy consumption, non-renewable energy consumption, industrialization, urbanization, and economic growth Granger cause CO2 emissions with a feedback effect except for economic freedom and industrialization. Policies intended to lessen income inequality can enhance environmental quality.

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Section: Pmg/ardl Estimatorssupporting

confidence: 94%

Section: Introductionmentioning

confidence: 99%

Testing Environmental Kuznets Curve Hypothesis for Sub-Saharan African Countries: The Role of Income Inequality and Economic Freedom

Hundie

Bekele

Degu

2022

Preprint

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“…Stating differently, renewable energy may help in improving environmental quality but stock market development may once again damage it if stock market shocks are stronger than renewable energy shocks. The results of Pham et al's (2020) and Sharma et al' (2021) study also confirmed that the extensive usage of cleaner energy solutions helped to reduce the environmental footprint in the European and South and Southeast Asia countries, respectively.…”

Section: <Insert Table-6>mentioning

confidence: 80%

“…In this pursuit, it should also be remembered that the rise in technological innovation in the countries also captures the innovations in energy production sector, and these innovations might be reflected in the rising alternate energy solutions, i.e. renewable energy solutions (Sharma et al 2021, Zafar et al 2021. With the rise in the diffusion of renewable energy solutions in these nations, it can be expected that carbon emissions might demonstrate a download trend in the coming years.…”

Section: Theoretical Underpinningmentioning

confidence: 99%

Examining the temporal impact of stock market development on carbon intensity: Evidence from South Asian countries

Sharma

Shahbaz

Sinha³

et al. 2021

Journal of Environmental Management

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The growing size of stock market in the South Asian countries might have contributed to raising the level of industrial production and energy consumption. This upturned energy usage might have widened the scope for carbon emissions because these nations heavily rely on fossil fuels. In this milieu, therefore, in the present study, we assessed the impacts of stock market development, per capita income, trade expansion, renewable energy solutions, and technological innovations on carbon intensity in the four South Asia countries from 1990-2016. The empirical results based on the CS-ARDL approach revealed that stock market development, per capita income, and trade expansion invigorated carbon intensity in the South Asian countries. On the contrary, the increased usage of renewable energy solutions and technological advancement helped in reducing the energy-led carbon intensity. Further, the interaction of stock market with renewable energy, and subsequently with technological advancement delivered insignificant coefficients, which indicates the inefficacy of renewable energy and technological advancement in regulating stock market-led carbon intensity during the study period. Therefore, by considering the need for complementarity between economic growth and environmental targets, we proposed a multipronged policy framework, which may help the selected countries to attain the Sustainable Development Goals, with a special focus on SDG 7, 8, 9, and 13.

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“…Several studies in the past have examined the environmental implications of various factors and documented evidence across regions of the world (Sharma et al 2020 ; Sharma et al 2021b , 2021c ; Sharma et al 2021b ). This study, therefore, extends this by investigating the dynamic impact of EPU, social welfare, trade openness, total natural resource rents, and life expectancy on EF which is examined by the autoregressive distributed lag (ARDL) approach by the estimators of the pooled mean group (PMG), dynamic fixed effect (DFE), and mean group (MG) under the maximum likelihood estimation (MLE) developed by Pesaran et al ( 1999 ).…”

Section: Data Model and Econometrics Methodsmentioning

confidence: 99%

The role of economic policy uncertainty and social welfare in the view of ecological footprint: evidence from the traditional and novel platform in panel ARDL approaches

Esmaeili

Rafei

Balsalobre‐Lorente

et al. 2022

Environ Sci Pollut Res

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In the contemporary world, environmental degradation has become a concern for human beings. Accordingly, the impact of social welfare, economic policy uncertainty, natural resource rents, life expectancy, and trade openness are examined on ecological footprint (the most comprehensive proxy of environmental degradation) in 19 energy-intensive countries from 1997 to 2018. With this in mind, this study used the traditional panel ARDL and CS-ARDL approaches to evaluate how the study’s variables influence ecological footprint. Notably, the results of the CS-ARDL approach are more robust due to cross-sectional dependence and slope heterogeneity problems. The outcomes revealed that economic policy uncertainty and trade openness affect the ecological footprint negatively in the short run and positively in the long run. Moreover, social welfare degrades the environment in the long run, and natural resource rents improve environmental quality by mitigating the ecological footprint in the short run and harming the environment in the long run. Besides, life expectancy does not significantly affect ecological footprint in the long or short run. Meanwhile, the results confirmed the bi-directional causal relationship between the study’s variable and ecological footprint. Based on the outcomes, the way to adopt effective policies to improve the quality of the environment has been paved. Furthermore, a comprehensive policy framework for stricter environmental regulation is expected to be developed using the outcomes derived from this study.

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Do economic endeavors complement sustainability goals in the emerging economies of South and Southeast Asia?

Cited by 24 publications

References 81 publications

Testing Environmental Kuznets Curve Hypothesis for Sub-Saharan African Countries: The Role of Income Inequality and Economic Freedom

Testing Environmental Kuznets Curve Hypothesis for Sub-Saharan African Countries: The Role of Income Inequality and Economic Freedom

Examining the temporal impact of stock market development on carbon intensity: Evidence from South Asian countries

The role of economic policy uncertainty and social welfare in the view of ecological footprint: evidence from the traditional and novel platform in panel ARDL approaches

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