Energy conservation policies, growth and trade performance: Evidence of feedback hypothesis in Pakistan

Raza, Syed Ali; Shahbaz, Muhammad; Nguyen, Duc Khuong

doi:10.1016/j.enpol.2015.01.011

Cited by 94 publications

(49 citation statements)

References 63 publications

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“…Therefore, the issue of growing per capita CO 2 emissions is often used as one of the proxy indicators for measuring environmental pollutants, frequently matched with increased per capita income. Growing CO 2 emissions constitutes a major ingredient of global warming and climate change and has become a serious concern worldwide in recent years (Holtz-Eakin and Selden 1995, Kijima et al 2010, Ozturk and Acaravci 2010, Raza et al 2015. Due to the harmful effects of global warming and climate change, policy makers in developing countries have become increasingly interested in reducing the adverse effect of environmental degradation on the economy by suggesting appropriate policy tools, such as environmental taxation and increased use of renewable energy.…”

Section: Introductionmentioning

confidence: 99%

Time-varying analysis of CO2 emissions, energy consumption, and economic growth nexus: Statistical experience in next 11 countries

et al. 2016

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This paper detects the direction of causality among carbon dioxide (CO 2 ) emissions, energy consumption, and economic growth in Next 11 countries for the period 1972-2013. Changes in economic, energy, and environmental policies as well as regulatory and technological advancement over time, cause changes in the relationship among the variables. We use a novel approach i.e. time-varying Granger causality and find that economic growth is the cause of CO 2 emissions in Bangladesh and Egypt. Economic growth causes energy consumption in the Philippines, Turkey, and Vietnam but the feedback effect exists between energy consumption and economic growth in South Korea. In the cases of Indonesia and Turkey, we find the unidirectional time-varying Granger causality running from economic growth to CO 2 emissions thus validates the existence of the Environmental Kuznets Curve hypothesis, which indicates that economic growth is achievable at the minimal cost of environment. The paper gives new insights for policy makers to attain sustainable economic growth while maintaining long-run environmental quality.

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Section: Introductionmentioning

confidence: 99%

Time-varying analysis of CO2 emissions, energy consumption, and economic growth nexus: Statistical experience in next 11 countries

et al. 2016

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“…This technique also helps to identify the behavior of considered variables throughout the sample period (Raza et al 2015). Figures 3 and 4 represent the results of coefficients of FDI and workers' remittances respectively:…”

Section: Stability Of Long Run Model: a Rolling Window Analysismentioning

confidence: 99%

Foreign Direct Investment, Workers’ Remittances and Private Saving in Pakistan: An Ardl Bound Testing Approach

Raza

2015

Journal of Business Economics and Management

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The objective of this study is to investigate the impact of foreign direct investment (FDI) and workers' remittances on private savings of Pakistan. This study employs ARDL bound testing co-integration approach, rolling window analysis, Granger causality test, Toda and Yamamoto Modified Wald causality test and variance decomposition test. Results indicate the significant positive impact of FDI and workers' remittances on private savings in the long and short run. Causality analyses confirm the bidirectional causal relationship of FDI and workers' remittances with private savings. It is recommended that policy makers should form friendly policies to attract more FDI and workers' remittances in the country which leads to increase private savings in Pakistan. This leads to increase more fund for financial intermediaries to increase domestic investment opportunities in the country. This paper makes a unique contribution to the literature with reference to Pakistan, being a pioneering attempt to investigate the impact of FDI and workers' remittances on private savings of Pakistan by using the long annual time series data and applying more rigorous econometric techniques.

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“…Furthermore, Cheng-Lang et al [5], Belke et al [6], Wesseh and Zoumara [7], Raza et al [8] observed a bidirectional causality between GDP and energy consumption. More complicatedly, Azam et al [9] found the existence of the long-term Granger causality moving from energy consumption to GDP for almost all ASEAN-5 countries including the Philippines, Thailand, Malaysia, Singapore, and Indonesia over 1980-2012.…”

Section: Literature Reviewmentioning

confidence: 99%

Scenario Prediction of Energy Consumption and CO2 Emissions in China’s Machinery Industry

Lin

Liu

2017

Sustainability

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Abstract:Energy conservation and CO 2 abatement is currently an important development strategy for China. It is significant to analyze how to reduce energy consumption and CO 2 emissions in China's energy-intensive machinery industry. We not only employ a cointegration method and scenario analysis to predict the future energy demand and CO 2 emissions in China's machinery industry, but we also use the Monte Carlo simulation to test the validity of the predictions. The results show that energy demand in the industry will respectively reach 678.759 Mtce (million ton coal equivalent) in 2020 and 865.494 Mtce in 2025 under the baseline scenario. Compared with the baseline scenario, the energy savings in 2020 will respectively be 63.654 Mtce and 120.787 Mtce in the medium and advanced scenarios. Furthermore, we forecast the corresponding CO 2 emissions as well as the reduction potential respectively in 2020 and 2025. In order to achieve energy conservation and emissions reduction, the government should increase energy price, levy environmental taxes based on the emissions level of machinery enterprises, promote mergers and acquisitions of enterprises, and expand the scale of enterprises. This paper provides a reference for energy conservation and CO 2 abatement policy in China's machinery industry.

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Energy conservation policies, growth and trade performance: Evidence of feedback hypothesis in Pakistan

Cited by 94 publications

References 63 publications

Time-varying analysis of CO2 emissions, energy consumption, and economic growth nexus: Statistical experience in next 11 countries

Time-varying analysis of CO2 emissions, energy consumption, and economic growth nexus: Statistical experience in next 11 countries

Foreign Direct Investment, Workers’ Remittances and Private Saving in Pakistan: An Ardl Bound Testing Approach

Scenario Prediction of Energy Consumption and CO2 Emissions in China’s Machinery Industry

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