Identifying the impacts of human capital on carbon emissions in Pakistan

Bano, Sadia; Zhao, Yuhuan; Ahmad, Anjum; Wang, Song; Ya, Liu

doi:10.1016/j.jclepro.2018.02.008

Cited by 340 publications

(174 citation statements)

References 68 publications

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“…As a prime factor of renewable energy consumption, human capital (proxied by territory education-ratio) encourages renewable energy and mitigates pollution through knowledge sharing, economic development, and skilled labor. The result is consistent with the previous studies for Pakistan (Bano, Zhao, Ahmad, Wang, & Liu, 2018) and India (Z. Ahmed & Wang, 2019).…”

Section: Econometric Analysissupporting

confidence: 94%

A new approach to environmental sustainability: Assessing the impact of monetary policy on CO₂ emissions in Asian economies

Jiang

Khattak

Ahmad

et al. 2020

Sustainable Development

115

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This paper offers a unique perspective in the field of environmental economics and research by linking CO 2 emissions (CO 2 e) and monetary policies. Through a newlydeveloped predictive model, the study estimated the impact of monetary policies on CO 2 e along with control variables, including income, remittances, urbanization, fossil fuels, and human capital in selected Asian economies for the period 1990-2014. Data were analyzed using the Pedroni and Kao co-integration tests, panel fully-modified (PFM-LS), and panel dynamic least squares (PD-LS) techniques for data analysis. Some of the main findings are as follows. First, the results showed a significant long-term positive relationship between expansionary monetary policy and CO 2 e. Second, the contractionary monetary policy serves an effective measure to mitigate CO 2 e. Third, improvements in human capital have a positive impact on reducing CO 2 e. Fourth, remittances and fossil fuels are also prime determinants of CO 2 e. Based on the present findings, the paper proposes important implications and a predictive tool for policymakers to design effective policies and strategies for reducing CO 2 e.

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Section: Econometric Analysissupporting

confidence: 94%

A new approach to environmental sustainability: Assessing the impact of monetary policy on CO₂ emissions in Asian economies

Jiang

Khattak

Ahmad

et al. 2020

Sustainable Development

115

View full text Add to dashboard Cite

show abstract

“…has identified the role of education in shaping sustainable development for the case of OECD countries, and this broadly substantiates our finding. This finding is complemented byBano et al (2018), who concluded that education significantly improves environment quality. Now, these changes in the production processes have resulted in the introduction of renewable (green) energy solutions in the economy, and then it will have a direct positive impact on environmental quality.…”

mentioning

confidence: 93%

How renewable energy consumption contribute to environmental quality? The role of education in OECD countries

Zafar

Shahbaz

Sinha³

et al. 2020

Journal of Cleaner Production

310

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Designing a comprehensive policy framework for ascertaining sustainable development is a problem faced by most of the countries around the globe, and the developed nations are no exception to that. Environmental awareness-oriented policy design for achieving sustainable development goals is a challenge for the developed nations, and there lies the contribution of this study. This study analyzes the impact of renewable energy on carbon emissions, in presence of education, natural resource abundance, foreign direct investment, and economic growth for the Organization for Economic Cooperation and Development countries over the period of 1990-2015. Second generation methodologies are adapted for the empirical estimation. The results show the stimulating role of renewable energy consumption in shaping environmental quality. Education declines carbon emissions. Natural resource abundance and foreign direct investment deteriorate environmental quality. Moreover, the time series individual country analysis also confirms that renewable energy has a positive impact on economic growth. The heterogeneous causality analysis reveals the feedback effect, i.e., bidirectional causal associations among carbon emissions, education, and renewable energy consumption. This empirical evidence suggests that countries should increase investment in education and renewable energy sectors and plan for research and development in renewable energy for ensuring environmental sustainability.

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“…Additionally, Saboori et al (2014) note the bi-directional relationship between carbon emissions and economic growth for OECD countries. Furthermore, Bano et al (2018) investigate the impact of human capital on carbon emissions. The ndings from this study report that human capital mitigates the carbon emissions without effecting economic growth.…”

Section: Literature Reviewmentioning

confidence: 99%

Impact of Monetary Policy Uncertainty and Fiscal Policy Uncertainty on CO2 Emissions in the Us

Anser

Syed

Khalid

et al. 2020

Preprint

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Nowadays, environmental degradation is perceived as one of the serious concerns across the globe. One of the prime reasons behind environmental degradation is CO2 emissions. Therefore, researchers are actively putting their efforts to explore the determinants of CO2 emissions to mitigate CO2 emissions. On this basis, the present study contributes to the existing literature by investigating the impact of monetary policy uncertainty (MPU) and fiscal policy uncertainty (FPU) on CO2 emissions (environmental degradation). The current study employs ARDL methodology and uses annual data ranging from 1985 to 2019 for US. The results from the ARDL model report that there is an existence of long-run relationship among the variables. Moreover, MPU escalates the carbon emissions in both short-run and long-run. This implies that increase in MPU is responsible for rise in environmental degradation. On the contrary, FPU plunges the carbon emissions in both short- and long-run. This indicates that increase in FPU decreases the environmental degradation. Findings from the current study propose that policy makers should introduce reforms and launch policies to shrink MPU. Next, this study proposes that rule should be adopted as monetary policy making framework in lieu of discretion. Furthermore, the current study recommends that FPU should not be utilized as a tool to mitigate environmental degradation, because FPU has severe economic impacts.

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Identifying the impacts of human capital on carbon emissions in Pakistan

Cited by 340 publications

References 68 publications

A new approach to environmental sustainability: Assessing the impact of monetary policy on CO₂ emissions in Asian economies

A new approach to environmental sustainability: Assessing the impact of monetary policy on CO₂ emissions in Asian economies

How renewable energy consumption contribute to environmental quality? The role of education in OECD countries

Impact of Monetary Policy Uncertainty and Fiscal Policy Uncertainty on CO2 Emissions in the Us

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Identifying the impacts of human capital on carbon emissions in Pakistan

Cited by 340 publications

References 68 publications

A new approach to environmental sustainability: Assessing the impact of monetary policy on CO2 emissions in Asian economies

A new approach to environmental sustainability: Assessing the impact of monetary policy on CO2 emissions in Asian economies

How renewable energy consumption contribute to environmental quality? The role of education in OECD countries

Impact of Monetary Policy Uncertainty and Fiscal Policy Uncertainty on CO2&nbsp;Emissions in the Us

Contact Info

Product

Resources

About

A new approach to environmental sustainability: Assessing the impact of monetary policy on CO₂ emissions in Asian economies

A new approach to environmental sustainability: Assessing the impact of monetary policy on CO₂ emissions in Asian economies

Impact of Monetary Policy Uncertainty and Fiscal Policy Uncertainty on CO2 Emissions in the Us