Exploring environment-energy-growth nexus in OECD countries: a nonparametric approach

Bhat, Mohammad Younus; Sofi, Arfat Ahmad; Sajith, Shambhu

doi:10.1007/s13399-021-01835-w

Cited by 13 publications

(6 citation statements)

References 62 publications

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“…These two variables are energy usage and CO 2 emissions. This study differs from the previous studies where the main focuses were, among others, on wealth inclusivity [40], environment [41], income inequality [42], green technology [43], sustainable development agenda [44], institutional quality [45], and labor market perspective [20], although all the areas can be linked with the energy-growth nexus through various channels.…”

Section: Review Of the Literature 21 Theoretical Backgroundmentioning

confidence: 80%

“…Although many empirical studies have been conducted on the relationship between energy use and economic growth, economists and policymakers continue to debate this topic, particularly from energy usage and conservation policy angles, as highlighted by [39,41,42,97,98]. As a result, various empirical studies in the MENA region have examined the relationship between energy use and economic growth and obtained varying results [19,[25][26][27][28][29][30]99].…”

Section: Empirical Reviewmentioning

confidence: 99%

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Energy–Growth Nexus in the MENA Region: A Dynamic Panel Threshold Estimation

et al. 2021

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This study provides new evidence regarding the nonlinear relationship between energy consumption and economic growth in the Middle East and North Africa (MENA) region for the 1990–2014 period. The empirical estimation is conducted using a dynamic panel threshold model. We found one threshold in the relationship between energy consumption and economic growth and one threshold in the relationship between carbon dioxide (CO2) emissions and economic growth. The results indicate that energy consumption positively and significantly affects economic growth in the low energy consumption regime. In contrast, it has a negative and significant impact on economic growth in the high energy consumption regime. Moreover, CO2 emissions are positively and significantly related to economic growth in the low regime of CO2 emissions. Nevertheless, the relationship between CO2 emissions and economic growth in the high CO2 emissions regime is negative and significant. Therefore, policymakers should implement other effective energy policies, such as stricter regulations on CO2 emissions, increase energy efficiency, and replace fossil fuels with cleaner energy sources to avoid unnecessary CO2 emissions and combat global warming. Future studies should identify the root causes of failures and issues in real time for inflation and link the energy–growth nexus to achieving the 2030 Sustainable Development Goals (SDGs) Agenda, Goal 7: Affordable and Clean Energy.

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Section: Review Of the Literature 21 Theoretical Backgroundmentioning

confidence: 80%

Section: Empirical Reviewmentioning

confidence: 99%

Energy–Growth Nexus in the MENA Region: A Dynamic Panel Threshold Estimation

et al. 2021

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“…Although earlier studies have suggested the significance of economic growth for environmental degeneration (Bhat et al, 2021;Li et al, 2021;Usman et al, 2022;Chen et al, 2022;Hassan et al, 2022), the CS-ARDL output in Table 8 reveals otherwise for both estimated equations. Economic growth accelerates energy demand for a higher industrial drive.…”

Section: Discussion Of Findingsmentioning

confidence: 60%

Renewable Energy and Ecological Sustainability in Africa: Does Foreign Debt and Financial Globalisation Matter?

Aladejare¹

2023

Preprint

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Since the last decade, ecological preservation has become a critically debated topic in developing and developed nations. Hence, to ensure environmental sustainability, countries and international bodies have been canvassing for measures that support severe restrictions to protect the Earth's biodiversity. Without such an approach, sustaining the ecological quality needed for sustainable growth and development will be a mirage if current greenhouse gas levels are not tamed. Hence, this study investigated the effect of renewable energy consumption on the ecological sustainability of 44 African countries and the accompanying roles of external debt and financial globalisation in the relationship. Second-generation estimation techniques were employed and deduced inferences from the cross-sectional autoregressive distributed lag method used in the study. It was empirically demonstrated that renewable energy is insignificant for ecological sustainability without debt stock and financial globalisation. However, the inclusion of both variables revealed that while renewable energy and financial globalisation accelerated ecological sustainability, external debt worsened it in the short and long-term periods. Therefore, relevant policy measures were proposed in the study. JEL Classification: H54, N77, O3.

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“…A large body of literature concentrates on how clean energy, economic growth, land resource use, industrial restructuring, financial market development, the application of new technology and R&D activities affect carbon emissions in recent clean energy areas [16,[94][95][96][97][98][99][100]. And it is likely to be a hot issue worth studying in the future.…”

Section: Impact Of Clean Energy Use and Economic Development On Carbon Emissionsmentioning

confidence: 99%

A systematic bibliometric review of clean energy transition: Implications for low-carbon development

Zhang

Xue

et al. 2021

PLoS ONE

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More voices are calling for a quicker transition towards clean energy. The exploration and exploitation of clean energy such as wind energy and solar energy are effective means to optimise energy structure and improve energy efficiency. To provide in-depth understanding of clean energy transition, this paper utilises a combination of multiple bibliometric mapping techniques, including HistCite, CiteSpace and R Bibliometrix, to conduct a systematic review on 2,191 clean energy related articles obtained from Web of Science (WoS). We identify five current main research streams in the clean energy field, including Energy Transition, Clean Energy and Carbon Emission Policy, Impact of Oil Price on Alternative Energy Stocks, Clean Energy and Economics, and Venture Capital Investments in Clean Energy. Clearly, the effectiveness of policy-driven and market-driven energy transition is an important ongoing debate. Emerging research topics are also discussed and classified into six areas: Clean Energy Conversion Technology and Biomass Energy Utilisation, Optimisation of Energy Generation Technology, Policy-Making in Clean Energy Transition, Impact of Clean Energy Use and Economic Development on Carbon Emissions, Household Use of Clean Energy, and Clean Energy Stock Markets. Accordingly, more and more research attention has been paid to how to improve energy efficiency through advanced clean energy technology, and how to make targeted policies for clean energy transition and energy market development. This article moves beyond the traditional literature review methods and delineates a systematic research agenda for clean energy research, providing research directions for achieving low-carbon development through the clean energy transition.

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Exploring environment-energy-growth nexus in OECD countries: a nonparametric approach

Cited by 13 publications

References 62 publications

Energy–Growth Nexus in the MENA Region: A Dynamic Panel Threshold Estimation

Energy–Growth Nexus in the MENA Region: A Dynamic Panel Threshold Estimation

Renewable Energy and Ecological Sustainability in Africa: Does Foreign Debt and Financial Globalisation Matter?

A systematic bibliometric review of clean energy transition: Implications for low-carbon development

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