Fiscal policy and CO2 emissions from heterogeneous fuel sources in Thailand: Evidence from multiple structural breaks cointegration test

Ike, George N.; Usman, Ojonugwa; Sarkodıe, Samuel Asumadu

doi:10.1016/j.scitotenv.2019.134711

Cited by 96 publications

(33 citation statements)

References 68 publications

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“…Therefore, the validity of the EKC hypothesis in this study is consistent with previous studies such as Galeotti et al, (2006), Shahbaz et al (2013), Shahbaz et al (2017), Usman et al (2019Usman et al ( , 2020, Agboola and Bekun (2019), Ike (2020aIke ( , 2020bIke ( , 2020c, Iorember et al (2020). The effect of agricultural innovation on CO 2 emissions is positive, inelastic, and statistically significant both in the long run and short run.…”

Section: Ardl Estimated Resultssupporting

confidence: 91%

“…Conversely, Apergis (2016) investigated the real GDP-CO 2 emissions nexus in 15 countries and showed evidence of the EKC in most of the countries. More recently, Ike et al (2020b) reported EKC for 15 oil-producing countries while exogenizing crude oil, electricity, trade, and democracy. This understanding is supported by Ike et al (2020c) who found EKC for a panel of G-7 both in country-specific and panel settings.…”

Section: Literature Reviewmentioning

confidence: 99%

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Modeling the Effects of Agricultural Innovation and Biocapacity on Carbon Dioxide Emissions in an Agrarian-Based Economy: Evidence From the Dynamic ARDL Simulations

Ali

Usman

et al. 2021

Front. Energy Res.

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In this paper, we modeled the effects of income, agricultural innovation, energy utilization, and biocapacity on Carbon dioxide (CO2) emissions. We tested the validity of the environmental Kuznets curve (EKC) hypothesis for Nigeria from 1981 to 2014. We applied the novel dynamic autoregressive distributed lag (ARDL) simulations to develop conceptual tools for policy formulation. The empirical results confirmed the EKC hypothesis and found that agricultural innovation and energy utilization have an escalation effect on CO2 emissions whereas income and biocapacity have long-run emission-reduction effects. The causality results found agricultural innovation attributable to CO2 emissions and observed that income drives energy demand. Income, biocapacity, and energy utilization are found to predict changes in CO2 emissions. These results are validated by the innovation accounting techniques—wherein 22.79% of agricultural innovation corresponds to 49.43% CO2 emissions—5.95% of biocapacity has 35.78% attributable CO2 emissions—and 1.61% of energy spurs CO2 emissions by 16.27%. The policy implication for this study is that energy efficiency, clean energy utilization and sustainable ecosystem recovery and management are the surest ways to combat climate change and its impacts.

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Section: Ardl Estimated Resultssupporting

confidence: 91%

Section: Literature Reviewmentioning

confidence: 99%

Modeling the Effects of Agricultural Innovation and Biocapacity on Carbon Dioxide Emissions in an Agrarian-Based Economy: Evidence From the Dynamic ARDL Simulations

Ali

Usman

et al. 2021

Front. Energy Res.

Self Cite

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“…In the same way, CO 2 emissions-abatement effect of trade was confirmed in the European Union within the period 1980 to 2012 ( Dogan and Seker, 2016 ). In another study of the oil-producing countries, accounting for trade, electricity production, and democracy were confirmed to exacerbate the driving force of atmospheric-related environmental degradation ( Ike et al., 2020a , b ). Several other studies ( Halicioglu, 2009 ; Kohler, 2013 ; Shahbaz et al., 2013 ; Farhani et al., 2014 ; Sarkodie, 2020 ) find support for either one of the emissions abatement or intensification effect of trade.…”

Section: Review Of Related Literaturementioning

confidence: 91%

Impact assessment of trade on environmental performance: accounting for the role of government integrity and economic development in 79 countries

Alhassan

Usman

Ike

et al. 2020

Heliyon

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Trade has become a carrier for transporting both clean and dirty (pollution-intensive) goods, services and technologies between countries. While the impact of trade on economic development has been reported in the extant literature, insufficient and inconsistent results exist between pollution-embedded trade and environmental performance. Using the Ordinary Least Squares (OLS), Generalized method of moments and panel quantiles via Moments, this study explored the role of government integrity on trade-environment nexus in the post-Kyoto protocol era for 79 countries between 2008 and 2018. The empirical results suggest that per capita GDP and government integrity improve environmental performance whereas trade impedes it. In the quantile regression model, the effect of government integrity is significant at the median quantiles with a stronger effect in countries with higher environmental performance. The negative effect of trade is not only significant from the lower quantile through the median quantile but decreases in magnitude, tracking from countries with lower to higher environmental performance. While the positive effect of government integrity is significant from the median quantile onwards, the negative effect of trade is only significant in the lower quantile. Robustness analysis from the GMM dynamic panel estimation technique shows that interacting government integrity with trade yields a positive and significant coefficient. Meaning that improved government integrity averts the negative effect of trade on environmental performance. The study suggests that outsourcing the regulations of trade-oriented multinational companies operating in developing economies with weak institutions to global humanitarian organisations such as the United Nations would be the first step to reduce trade-attributable environmental degradation.

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“…And, in terms of environment-related challenges, the excessive consumption of fossil fuel has intensified the level of environmental pollution in the long run. To support this notion, Shahbaz et al (2016), Shahbaz et al (2017), Munir et al (2020), Sharma and Kautish (2020a), and Ike et al (2020) in their respective studies ascertained that the increased consumption of energy resources have contributed to increasing CO2 emissions in the long run. At the same time, the results of , Sharif et al (2020) ascertained that the nonrenewable energy consumption has played a significant role in raising the ecological footprint in 16-EU, OECD countries, and Turkey, respectively.…”

Section: Nexus Between Energy Consumption and Environmental Pollutionmentioning

confidence: 99%

Does financial development reinforce environmental footprints? Evidence from emerging Asian countries

Sharma

Sinha²,

Kautish

2020

Environ Sci Pollut Res

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In the preceding two decades, the expansion of financial services has played a vital role in pursuing economic growth agendas in the developing Asian nations. However, its harmful effect on environmental quality cannot be denied. In this backdrop, in the present study, we investigated whether the financial sector development moderated the ecological footprint, carbon footprint, and land footprint in the eight developing nations of South and Southeast Asia from 1990-2015. In doing so, we included the per capita income, energy solutions, and trade expansions as determinants of the ecological indicators. The results of the second-generation unit root tests and Westerlund's cointegration test reported the long-run stability and cointegration, respectively. To navigate the possible cross-country dependency, we employed the crosssectional augmented autoregressive distributed lag approach (CS-ARDL). The results confirmed that per capita income, energy solutions, trade expansion, and financial sector development invigorated the ecological footprint, carbon footprint, and land footprint in the long run. Further, it is reported that the development in the financial sector has a significant moderating impact on the nexus between energy and environmental footprints. In other words, the financial sector development drove the association between the overall environmental quality and energy solutions in the long run. Similarly, we observed that the financial sector development worked as a significant mediator between environmental proxies and trade expansion. By including the ecological footprint, carbon footprint, and land footprint as environmental proxies, the study provides the wider environmental spectrum. Based on the outcomes of the study, we proposed a novel scheme, which may help to address the harmful environmental impacts of the financial sector development in the selected developing nations.

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Fiscal policy and CO2 emissions from heterogeneous fuel sources in Thailand: Evidence from multiple structural breaks cointegration test

Cited by 96 publications

References 68 publications

Modeling the Effects of Agricultural Innovation and Biocapacity on Carbon Dioxide Emissions in an Agrarian-Based Economy: Evidence From the Dynamic ARDL Simulations

Modeling the Effects of Agricultural Innovation and Biocapacity on Carbon Dioxide Emissions in an Agrarian-Based Economy: Evidence From the Dynamic ARDL Simulations

Impact assessment of trade on environmental performance: accounting for the role of government integrity and economic development in 79 countries

Does financial development reinforce environmental footprints? Evidence from emerging Asian countries

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