Fiscal decentralization, political stability and resources curse hypothesis: A case of fiscal decentralized economies

Wang, Kai-Hua; Liu, Lu; Adebayo, Tomiwa Sunday; Lobonţ, Oana-Ramona; Claudia, Moldovan Nicoleta

doi:10.1016/j.resourpol.2021.102071

Cited by 84 publications

(22 citation statements)

References 37 publications

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“…Furthermore, CO 2 emissions contribute to economic growth in Thailand. This outcome complies with the studies of [44][45][46][47][48][49][50]. Last, energy consumption triggers economic growth.…”

Section: Discussionsupporting

confidence: 89%

Another Look into the Relationship between Economic Growth, Carbon Emissions, Agriculture and Urbanization in Thailand: A Frequency Domain Analysis

et al. 2021

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This empirical study assesses the effect of CO2 emissions, urbanization, energy consumption, and agriculture on Thailand’s economic growth using a dataset between 1970 and 2018. The ARDL and the frequency domain causality (FDC) approaches were applied to assess these interconnections. The outcome of the bounds test suggested a long-term association among the variables of investigation. The ARDL outcomes reveal that urbanization, agriculture, energy consumption, and CO2 emissions positively trigger Thailand’s economic growth. Additionally, the frequency domain causality test was used to detect a causal connection between the series. The main benefit of this technique is that it can detect a causal connection between series at different frequencies. To the understanding of the authors, this is the first study in the case of Thailand that will apply the FDC approach to capture the causal linkage between GDP and the regressors. The outcomes of the causality test suggested that CO2 emissions, urbanization, energy consumption, and agriculture can predict Thailand’s economic growth in the long term. These outcomes have far-reaching implications for economic performance and Thailand’s macroeconomic indicators.

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Section: Discussionsupporting

confidence: 89%

Another Look into the Relationship between Economic Growth, Carbon Emissions, Agriculture and Urbanization in Thailand: A Frequency Domain Analysis

et al. 2021

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“…Based on this, the present study utilized the Zivot and Andrews (ZA) stationarity tests initiated by [ 47 ]. Though there are several conventional unit root tests (e.g., ADF, PP, KPSS, and EGLS) used in empirical analysis, this present research did not utilize these tests because they would yield misleading outcomes if there was proof of a structural change in the series [ 48 , 49 ]. The outcomes of the ZA are depicted in Table 1 and they showed that all the series are nonstationary at a level.…”

Section: Resultsmentioning

confidence: 99%

Linking Economic Growth, Urbanization, and Environmental Degradation in China: What Is the Role of Hydroelectricity Consumption?

Adebayo

Agboola

Rjoub

et al. 2021

IJERPH

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Achieving environmental sustainability has become a global initiative whilst addressing climate change and its effects. Thus, this research re-assessed the EKC hypothesis in China and considered the effect of hydroelectricity use and urbanization, utilizing data from 1985 to 2019. The autoregressive distributed lag (ARDL) bounds testing method was utilized to assess long-run cointegration, which is reinforced by a structural break. The outcome of the ARDL bounds test confirmed cointegration among the series. Furthermore, the ARDL revealed that both economic growth and urbanization trigger environmental degradation while hydroelectricity improves the quality of the environment. The outcome of the ARDL also validated the EKC hypothesis for China. In addition, the study employed the novel gradual shift causality test to capture causal linkage among the series. The advantage of the gradual shift causality test is that it can capture gradual or smooth shifts and does not necessitate previous information of the number, form of structural break(s), or dates. The outcomes of the causality test revealed causal connections among the series of interest.

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“…More output means a stabler operation of the insurance company, so as to promote the improvement of the operation efficiency. The compensation expenses, as one of the important measures of risk tolerance ability of insurance companies, can reflect the companies' operation condition to some degree (43). It is necessary to combine compensation expenses and premium income to comprehensively evaluate the development condition of insurance industry.…”

Section: Literature Review and Research Hypothesismentioning

confidence: 99%

Does the Development of the Insurance Industry Promote the Purchase of Rural Commercial Health Insurance?

Wang²,

Xi-hua³

et al. 2021

Front. Public Health

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Deepening the reform of insurance companies and improving commercial insurance protection capabilities become issues important to national strategy. They involve improving China's multi-tiered social security system to analyze the deep-seated reasons impacting the purchasing behavior of commercial health insurance for rural residents in China. Using the DEA-CCR model, this paper evaluates the development of China's insurance industry, inspects the impact of insurance industry development on purchasing behavior of rural commercial health insurance based on the data of tracking survey projects from China's household, and carries out empirical analysis. The research result shows that the development of the insurance industry has obviously promoted the purchase behavior of commercial health insurance for rural residents. This research has significant practical value on protection and promotion of production and life quality of rural residents, which will also provide beneficial reference on the formulation and implementation of future operation strategy in China's commercial health insurance companies.

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Fiscal decentralization, political stability and resources curse hypothesis: A case of fiscal decentralized economies

Cited by 84 publications

References 37 publications

Another Look into the Relationship between Economic Growth, Carbon Emissions, Agriculture and Urbanization in Thailand: A Frequency Domain Analysis

Another Look into the Relationship between Economic Growth, Carbon Emissions, Agriculture and Urbanization in Thailand: A Frequency Domain Analysis

Linking Economic Growth, Urbanization, and Environmental Degradation in China: What Is the Role of Hydroelectricity Consumption?

Does the Development of the Insurance Industry Promote the Purchase of Rural Commercial Health Insurance?

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