Effects of financial development indicators on energy consumption and CO2 emission of European, East Asian and Oceania countries

Ziaei, Sayyed Mahdi

doi:10.1016/j.rser.2014.10.085

Cited by 180 publications

(35 citation statements)

References 71 publications

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“…Chen, Huang and Zheng [52] found that financial development has a limited impact on energy intensity in OECD countries. Furthermore, Pan et al (2019a) [45] and Ziaei (2015) [56] confirmed that financial development influences energy intensity (i.e., energy efficiency). FDI is not a statistically significant indicator, which is in line with the results of Hübler and Keller [57].…”

Section: Discussionmentioning

confidence: 97%

“…Pan et al [55] pointed out that financial development, trade openness and technological innovation affect energy intensity. Foreign direct investment can be a proxy for financial development, because financial development attracts foreign capital and new technology that can affect energy intensity and environmental degradation [56]. For example, Hübler and Keller [57] found that foreign direct investment decreases energy intensity in developing countries.…”

Section: Energy Efficiency Sustainable Economic and Financial Develomentioning

confidence: 99%

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Link between Energy Efficiency and Sustainable Economic and Financial Development in OECD Countries

et al. 2020

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The growing risk of climate change caused by the emission of greenhouse gases poses new challenges to contemporary countries. The development of economies is usually related to increasing levels of greenhouse gas emissions. Therefore, the question arises whether it is possible to achieve sustainable economic and financial development and simultaneously reduce greenhouse gas emissions. This paper assumes it is possible if energy efficiency is increased. The aim of the paper is to show the link between energy efficiency and sustainable economic and financial development in Organisation for Economic Co-operation and Development (OECD) countries for the period 2000–2018 by using data envelopment analysis (DEA) and regression analysis. The results show a slight upward trend of total factor energy efficiency (TFEE) in OECD countries for the analysed period; however, there is a difference in TFEE levels. Developed OECD countries have higher TFEE levels than developing OECD countries. The links between total factor energy efficiency and sustainable economic and financial development reveal different impacts depending on the variables taken into consideration.

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Section: Discussionmentioning

confidence: 97%

Section: Energy Efficiency Sustainable Economic and Financial Develomentioning

confidence: 99%

Link between Energy Efficiency and Sustainable Economic and Financial Development in OECD Countries

et al. 2020

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“…Reference [18] discusses environmental performance analysis in a time series data set, using the Malmquist index measurement. Reference [19] examines effects of financial development indicators on energy consumption and CO2 emission via international comparison Our research is related to the expanding stream of literature on regional-level sustainable development [9][10][11][12][13][14][15][16]. Typically, studies in this domain explore the pattern of longitudinal economic and environmental performance.…”

Section: Research Background and Literature Reviewmentioning

confidence: 99%

Regional Sustainable Development with Environmental Performance: Measuring Growth Indexes on Chinese Provinces

Sueyoshi

Wang

2020

Energies

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The rapid economic growth of China in the past decades has been accompanied by serious environmental problems. In the country, both economic development and environmental pollution show a geographically uneven pattern, with some regions displaying significantly better performance than others in economic and/or environmental performance. To understand the regional pattern of economic and environmental performance, this article analyzes sustainable development at the Chinese provincial level. Three sustainability indices are defined and computed by combining economic and environmental factors based on data envelopment analysis. The three indices correspond to the concepts of natural disposability, managerial disposability and null-joint relationship, respectively. Natural (managerial) disposability prioritizes economic (environmental) outcome in measuring sustainability. Furthermore, the assumption of a null-joint relationship implies that undesirable outputs are by-products of desirable outputs. We derive the three indices for the data on Chinese provinces over 2004–2017. We find that, in all indices, a small group of provinces have been maintaining very stable performance improvement over time, whereas a few provinces exhibit drastic swings in performance. Moreover, the fast-growing economies of some provinces contrast sharply with their poor sustainable development. Among the pollutants under study, carbon emissions play an important role in benchmarking the sustainability level for certain provinces. Further, provincial-level performance can be attributed to geographical and economic factors. Policy implications and future research are discussed based on the empirical results.

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“…Hence, they concluded that there exist two-directional "Granger causality" by one and another. Some more researches also connecting the financial growth, economic development, CO2 emission, and energy consumption the studies include (Al-Mulali, Ozturk, & Lean, 2015;Bakhtyar, Kacemi, & Nawaz, 2017;Komal & Abbas, 2015;Salahuddin, Gow, & Ozturk, 2015;Ziaei, 2015) and including others. As per the prior studies in development and the empirical theories asserted by the innovative investigators, it is contrary for us to establish that there an increase in energy consumption with the countries effectively and efficiently usage of energy systems and financial growth and development will boost the increase in profitable processes of any country.…”

Section: Literature Reviewmentioning

confidence: 99%

Determinants of CO2 emissions in the ASEAN Economies: The Role of Renewable and Non-renewable Energy

Nawab

Aamir

2020

iRASD J. Eco.

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According to the literature of energy-growth-environment, a numeral of studies aims to recognize the factors of CO2 (carbon dioxide) emissions resulting from significant increases in CO2 emissions in recent decades. The selection of data is the main criticism connected to the present literature. Most of the studies used the overall consumption of energy, and other criticism concerns selecting panel assessment techniques. Nearly all the previous research used general panel approaches that overlooked long term dependence. This empirical study fills the gap revealed in the past studies of the effect of trade openness, income, non-renewable and renewable energy on carbon emissions in the presence of EKC (Kuznets environmental curve) for the ASEAN economies from the time spam 2000 to 2018 using panel ARDL, Pooled Mean Group (PMG) estimation techniques. The results of the PMG estimator confirm the presence of the EKC hypothesis in selected ASEAN countries. Furthermore, Trade and renewable energy minimize carbon dioxide emissions, whereas non-renewable upsurges CO2 emissions. The outcomes also revealed cointegration amongst carbon emissions and renewable energy and one-way causation found from income to CO2 productions, non-renewable energy to carbon emissions, and trade openness toward carbon dioxide emissions. Moreover, it concluded that ASEAN states that the government should advise the industries and all sectors to modify their energy sources from non-renewable energy sources to renewable energy sources. Because it helps to increase the level of energy and economic growth in reducing the carbon emission level.

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Effects of financial development indicators on energy consumption and CO2 emission of European, East Asian and Oceania countries

Cited by 180 publications

References 71 publications

Link between Energy Efficiency and Sustainable Economic and Financial Development in OECD Countries

Link between Energy Efficiency and Sustainable Economic and Financial Development in OECD Countries

Regional Sustainable Development with Environmental Performance: Measuring Growth Indexes on Chinese Provinces

Determinants of CO2 emissions in the ASEAN Economies: The Role of Renewable and Non-renewable Energy

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