Does environmental degradation matter for poverty? Clarifying the nexus between FDI, environmental degradation, renewable energy, education, and poverty in Morocco and Tunisia

World J. Adv. Res. Rev.

2023

The purpose of this research is to investigate the impact of economic policy uncertainty (EPU) and financial inclusion (FI) on remittances in India and China over the 15-year period beginning in the first quarter of 2003 and ending in the fourth quarter of 2019 using augmented ARDL, non-augmented ARDL, and the fourier causality test. The results of stationary tests demonstrate that variables are integrated in a non-linear fashion, indicating that variables become stationary at a level or after the first difference. The long-run connection in the empirical equation was established by the use of combined cointegration and the AARDL test. When looking at the long-run coefficients of EPU and FI, it was shown that there is a positive and statistically significant correlation between remittances inflows and the economy. An asymmetry connection between EPU, FI, and remittances was shown to exist in both the long-run and the short-run when using nonlinear estimates. The causality test also demonstrates that there are directional effects accessible between FDI, GLO, and remittances; however, the direction of these impacts varies depending on the economy. A robustness test was conducted in the research using dynamic OLS, completely modified OLS, and CCR regression.

Section: Resultsmentioning

confidence: 99%

Does economic policy uncertainty influences personal remittances: Evidences from AARDL and NARDL

World J. Adv. Res. Rev.

2023

“…FD consumes energy and affects the environment, as shown by Mukhtarov,Mikayilov (80). By providing low-cost and accessible financing to households and businesses, FD enhances energy consumption and economic growth, which may raise carbon emissions and environmental deterioration (81)(82)(83). Moreover, FD draws Investment, which promotes energy-intensive growth and environmental degradation (84).…”

Section: Long-run and Short-run Estimation: Symmetric And Asymmetric ...mentioning

confidence: 99%

“…The study established that FDI has a catalyst role in the deterioration of environmental quality in both symmetric and asymmetric assessment, indicating the pollution haven hypothesis in attracting the continual inflows of FDI in the economy (70,82,(91)(92)(93)(94). Foreign direct investment (FDI) has been praised for its potential to spur economic growth and development.…”

Section: Long-run and Short-run Estimation: Symmetric And Asymmetric ...mentioning

confidence: 99%

Nexus between financial development and carbon emission in Bangladesh: Evidence from ARLD and NARD

2023

GSC Adv. Res. Rev.

The motivation of the study is to assess the impact of financial development, trade openness and foreign direct investment on environmental sustainability in Bangladesh for the period 1990-2019. The results of combined cointegration and Makki cointegration revealed long-run cointegration between explained and explanatory variables, moreover the cointegration test under symmetry and asymmetry established the similar line of evidences. Referring to the coefficients of FD, TO and FDI, it is apparat that population haven hypothesis has revealed, suggesting the environmental degradation has expedited due to FD, TO and FDI in Bangladesh in the long and short run. Additionally, the asymmetric assessment revealed nonlinear linkage between explained and explanatory variables in the long-run and short-run.

“…At the same time, fossil fuels are a significant source of carbon emissions. Furthermore, renewable energy consumption has been found to significantly impact reducing carbon emissions in both developed and developing countries (7)(8)(9)(10)(11). A study by International Energy Agency (IEA) found that renewable energy accounted for almost 90% of the increase in power generation capacity in 2020.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Moreover, other indirect benefits are associated with transitioning towards cleaner forms of energy. For instance, using renewable electricity for transportation through electric vehicles (EVs) will reduce carbon emissions and lower air pollution levels caused by exhaust fumes from conventional automobiles (15)(16)(17)(18). In addition to these environmental gains, investing in renewables has proven economically beneficial.…”

Section: Literature Reviewmentioning

confidence: 99%

Nexus between financial developments, renewable energy consumption and environmental sustainability in Bangladesh: Evidence from ARDL and NARDL

World J. Adv. Res. Rev.

2023

The goal of this research was to examine the effects of Bangladesh’s economic growth, trade liberalization, renewable energy consumption, financial development, and FDI on environmental sustainability from 1990 to 2019. Both the combined cointegration and Makki cointegration tests and the cointegration test with symmetry and asymmetry found evidence of long-run cointegration between the explained and explanatory factors. As shown by the coefficients of FD, TO, and FDI, population haven theory suggests that FD, TO, and FDI have hastened environmental deterioration in Bangladesh. Furthermore, the asymmetric evaluation revealed the nonlinear association between explained and explanatory factors throughout the long and short term.