Energy Consumption and Economic Growth Nexus: A Comparative Analysis of Us, China and Japan

Shabeer, Muhammad Ghulam; Riaz, Shoukat; Riaz, Faheem

doi:10.52587/jems020205

Cited by 7 publications

(6 citation statements)

References 53 publications

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“…Beck (2001) highlights the impact of crosssections along time series, and it reduces biases (Arshed et al, 2021). Feasible generalized least square (FGLS) estimation is used to address cross-section heteroscedasticity (Abdulhafedh, 2017;Shabeer et al, 2021b;Huang et al, 2023;Wang et al, 2023).…”

Section: Methodology Data Frameworkmentioning

confidence: 99%

Energy, Forests and Environmental Sustainability: A Comparative Analysis of Developed and Developing Economies

Shabeer,

Rasul

2024

J. Econ. Impact

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The use of fossil fuels is essential for economic growth, but it also creates environmental hazards that cause 5 million people to die every year. The use of renewable energy is limited because of financial constraints, and there is a need to find ways to decouple fossil fuel consumption and pollution. This study provides a way forward by introducing forest as a moderator. This study has taken data from all countries of the world from 2011 to 2021 and estimated the impact of forests, energy consumption, forest-energy moderator, population, and gross fixed capital formation on the environment. Leveraging the Feasible Generalized Least Squares (FGLS) estimation technique to address heterogeneity and outliers, the study reveals that while the effects of forests and energy consumption align, population density and gross fixed capital formation exert disparate influences on the environment in developing and developed nations. The incorporation of forests as a moderator emerges as a consistently effective measure.

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Section: Methodology Data Frameworkmentioning

confidence: 99%

Energy, Forests and Environmental Sustainability: A Comparative Analysis of Developed and Developing Economies

Shabeer,

Rasul

2024

J. Econ. Impact

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“…As such, although there is a negative correlation between the loan rates and fin-tech penetration, its overall influence may be more complex in some cases and when aspects such as innovative competition within the financial sector are considered. This evokes a need for further studies to determine the relationship between lending rates and fintech's potential for financial inclusion in different settings (Shabeer et al, 2021b). A good level of institutional quality precedes the outstanding functioning of effective legal systems, efficient regulatory mechanisms, and low levels of corruption which results in fin-tech that fosters financial inclusion.…”

Section: Literature Reviewmentioning

confidence: 99%

Unravelling Fin-Tech Influence on Financial Penetration: The Global Assessment

Zain ul Abedeen,

Ghulam Shabeer,

Azra

et al. 2024

J. Asian Dev. Studies

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Financial inclusion is one of the major goals of the IMF and World Bank. Several empirical studies have shown the merits of promoting the financial sector in the economy. It engenders heightened economic growth, facilitates capital mobilization, and fosters a conducive environment for innovation and entrepreneurship within the financial domain. This research delves into the nexus between financial technology (fin-tech) adoption by the financial system and commercial banking sector penetration globally. Panel data analysis has been conducted while controlling for inclusive financial penetration, exchange rate, bank lending rate, and institutional quality. The focal point revolves around unravelling the contribution of fin-tech in the commercial banking landscape. The anticipated contribution lies in providing nuanced insights into the transformative impact of technological advancements on the financial viability of commercial banks.

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“…Tax reforms included liberal changes to a country's tax system, consisting of improving voluntary tax compliance, enhancing structures and administration, and coping with tax avoidance and evasion with the key objectives of enhancing efficiency and increasing revenue. These reforms are assumed to produce enough revenue for public expenses, expand economic growth, ensure equal distribution of tax burdens, simplify tax methods, enhance transparency, and improve efficiency in tax collection (Shabeer et al, 2021b;Oz-Yalaman, 2019). The reforms usually target key areas such as the widening of the tax net, tax administration processes, and the total tax structure to create a favorable environment for economic development and prosperity (Mallick, 2020).…”

Section: Introductionmentioning

confidence: 99%

Understanding the Dynamics of the Fiscal Landscape Through Institutional Lenses: A Case Study of South Asia

Shabeer,

Ayyubi,

Usman

et al. 2024

J. educ. soc. stud.

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Tax revenue is crucial for governments to finance essential expenditures, social welfare programs, and infrastructure development, which are vital for economic advancement and social well-being. A high tax-to-GDP ratio indicates a strong fiscal position and substantial revenue, which are fundamental for maintaining financial stability and ensuring long-term sustainability. Every country aims to enhance its revenues through various reforms. This study conducted a comprehensive analysis of tax reforms in selected South Asian economies from 2002 to 2022, focusing on their influence on the tax-to-GDP ratio. The outcomes of the Breusch-Pagan and Hausman tests suggest that the Random Effects Model (REM) is suitable for this estimation. Findings of the REM reveal significant and positive associations between government effectiveness, law and order, political stability, and tax-to-GDP share, as one percent rise in the respective variables leads to 3.3%, 1.5%, and 2.02% per one percent improvement in the tax-to-GDP share. The Dumitrescu-Hurlin Panel Causality Tests find no homogeneous causality among related variables. Recommendations include prioritizing government effectiveness, improving the law-and-order situation, maintaining political stability, and enhancing GDP growth to boost tax revenues. Future research will focus on optimizing fiscal policies and revenue mobilization strategies in the region.

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Energy Consumption and Economic Growth Nexus: A Comparative Analysis of Us, China and Japan

Cited by 7 publications

References 53 publications

Energy, Forests and Environmental Sustainability: A Comparative Analysis of Developed and Developing Economies

Energy, Forests and Environmental Sustainability: A Comparative Analysis of Developed and Developing Economies

Unravelling Fin-Tech Influence on Financial Penetration: The Global Assessment

Understanding the Dynamics of the Fiscal Landscape Through Institutional Lenses: A Case Study of South Asia

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