Investigating Dynamic Effect of Energy Consumption, Foreign Direct Investments and Economic Growth on Co2 Emissions Between Oman and United Arab Emirates: Evidence From Co Integration and Causality Tests

Panigrahi, Shrikant; Azizan, Noor Azlinna; Kumaraswamy, Sumathi

doi:10.32479/ijeep.10026

Cited by 10 publications

(4 citation statements)

References 47 publications

(57 reference statements)

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“…Both static panels estimate using pooled ordinary least square and dynamic panel estimation using system general techniques of the moments reveal that FDI and economic development in SADC have a positive and substantial influence on CO 2 emissions. Using dynamic estimating methodologies of co-integration, Panigrahi [9] investigates the dynamic influence that energy consumption, FDI, and economic development have on carbon emissions for the countries of Oman and the United Arab Emirates. For this study, quarterly panel data was collected from Oman and the UAE from 1991 till 2018.…”

Section: Literature Reviewmentioning

confidence: 99%

Determinants of CO₂ emissions in the BRICS. A dynamic Panel ARDL approach

Tukhtamurodov,

Sobirov,

Toshalieva

et al. 2024

BIO Web Conf.

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This paper examines the effects of Foreign Direct Investment, Economic Growth, Trade Openness, Energy Consumption, and Renewable Energy on CO2 Emissions in BRICS nations. This study employs the panel ARDL model to investigate the short- and long-term effects of an association between variables. The PMG estimator has shown itself to be more trustworthy and performs at a higher level of efficiency, leading us to the conclusion that it is the preferable technique. Because the error correction parameter, also known as the adjustment coefficient, is negatively significant, the findings demonstrate that there is a long-term relationship. According to the paper’s findings, there are both short-term and long-term effects of free trade and energy consumption on CO2 emissions. In the short run, FDI has positive impact on CO2 emissions, whilst renewable energy has detrimental effect. Surprisingly, the BRICS countries have not shown a correlation between economic development and carbon dioxide emissions. These findings may encourage policymakers in these countries in better recognizing the complexities of this occurrence, which in turn can assist direct future choices about this growing international security danger. Keywords: BRICS, Energy, Trade, CO2, Panel ARDL.

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Section: Literature Reviewmentioning

confidence: 99%

Determinants of CO₂ emissions in the BRICS. A dynamic Panel ARDL approach

Tukhtamurodov,

Sobirov,

Toshalieva

et al. 2024

BIO Web Conf.

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“…An interesting perspective can be put forward in this particular scenario. Iran, UAE, Kuwait, Qatar and Turkey are the largest manufacturers and exporters of natural gas among all the countries associated with the domain of middle-eastern countries (Panigrahi et al, 2020). They contribute around 55% of the total exporters of this particular region.…”

Section: Theoretical Literaturementioning

confidence: 99%

Energy Consumption, Economic Growth and CO2 Emissions in Middle East

Al-Kasasbeh

Alassuli

Alzghoul

2023

IJEEP

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Energy consumption nowadays has become a global concern for excess Carbon dioxide emission. Excess CO2 emission has created a major concern regarding global environmental sustainability. Middle Eastern countries are well-known for their energy production through fossil fuel consumption. The present research has focused on analysing the impact of CO2 emission, energy consumption and economic growth in Middle Eastern countries. Five countries have been selected for this research United Arab Emirates, Iran, Kuwait, Qatar, and Turkey. Heterogeneity and cross-sectional dependency in the study variables were addressed using second-generation econometric approaches. The cointegration approach developed by Westerlund and Edgerton (2008) proved the existence of a long-run equilibrium among variables in the presence of structural breaks. Environmental carbon emissions rise as a result of economic growth The results prove that alternative sources of energy consumption should be employed to achieve environmental and economic sustainability.

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“…(3) Control variables (a) Energy consumption structure. A reasonable energy structure will effectively reduce carbon emission intensity (Panigrahi 2020). At this stage, new energy and clean energy account for a relatively small proportion of China's energy consumption, while traditional fossil energy still accounts for an absolutely large proportion (Rabiul 2018;Zubedi 2018).…”

Section: Theoretical Modelmentioning

confidence: 99%

“…The dynamic panel model is a basic analysis of the relationship between FDI and carbon emission intensity. With the strengthening of carbon emission constraints, the environmental management system of each region has become an important factor in the FDI impact carbon emission mechanism (Gunarto 2020;Panigrahi 2020). Therefore, this paper uses the panel threshold model to conduct research based on the threshold effects of formal environmental management systems, informal environmental management systems and dual environmental management systems.…”

Section: Panel Threshold Model Analysismentioning

confidence: 99%

The impact of foreign direct investment on China's industrial carbon emissions based on the Threshold Model

Wang

Liu

Zhu

et al. 2023

Preprint

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In recent years, countries around the world are significantly increasing their awareness of environmental protection. With a continuous expansion of economic scale, many emerging markets are also sustainably enhancing their standards for industrial carbon emissions in foreign direct investment (FDI). Therefore, the impact of FDI on the host country's industrial carbon emissions has always been a hot topic of researches by scholars. This paper selects panel data of 30 medium and large cities in China from 2006 to 2019, combined with dynamic panel GMM estimation and panel threshold model, and empirically analyzes the impact factors of FDI on the host country’s industrial carbon emissions from the perspective of dual environmental management systems. This paper draws the following conclusions: When taking the formal and informal environmental management system factors as threshold variables into the empirical research process, only the FDI in Beijing, Tianjin, and Shanghai shows a certain inhibitory effect on Chinese industrial carbon emissions. The FDI in other cities increases the scale of industrial carbon emissions. At the same time, in the formal environmental management system, FDI has no significant impact on Chinese industrial carbon emissions. It indicates that the formal environmental management system of each city is not effective in policy formulation or implementation, and it is not able to play the role of innovative compensation and forced emission reduction of the environmental management system. With the exception of Beijing and Shanghai, informal environmental management systems in other cities help curb the scale of industrial carbon emissions brought about by FDI.

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Investigating Dynamic Effect of Energy Consumption, Foreign Direct Investments and Economic Growth on Co2 Emissions Between Oman and United Arab Emirates: Evidence From Co Integration and Causality Tests

Cited by 10 publications

References 47 publications

Determinants of CO₂ emissions in the BRICS. A dynamic Panel ARDL approach

Determinants of CO₂ emissions in the BRICS. A dynamic Panel ARDL approach

Energy Consumption, Economic Growth and CO2 Emissions in Middle East

The impact of foreign direct investment on China's industrial carbon emissions based on the Threshold Model

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Investigating Dynamic Effect of Energy Consumption, Foreign Direct Investments and Economic Growth on Co2 Emissions Between Oman and United Arab Emirates: Evidence From Co Integration and Causality Tests

Cited by 10 publications

References 47 publications

Determinants of CO2 emissions in the BRICS. A dynamic Panel ARDL approach

Determinants of CO2 emissions in the BRICS. A dynamic Panel ARDL approach

Energy Consumption, Economic Growth and CO2 Emissions in Middle East

The impact of foreign direct investment on China's industrial carbon emissions based on the Threshold Model

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Product

Resources

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Determinants of CO₂ emissions in the BRICS. A dynamic Panel ARDL approach

Determinants of CO₂ emissions in the BRICS. A dynamic Panel ARDL approach