Investigating the nexus between CO2 emissions, renewable energy consumption, FDI, exports and economic growth: evidence from BRICS countries

Iqbal, Amir; Tang, Xuan; Rasool, Samma Faiz

doi:10.1007/s10668-022-02128-6

Cited by 96 publications

(39 citation statements)

References 113 publications

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“…(2022);Sinha and Sengupta (2022);Iqbal, Tang and Rasool (2022);Wei, Mohsin and Zhang (2022);Luo et al (2022);Raza, Shah, and Arif (2021). Likewise, the positive effect of institutional quality on economic growth results is consistent with; Zakari and Khan (2022);Ashraf et al …”

supporting

confidence: 77%

RETRACTED: An empirical analysis of FDI and institutional quality on environmental quality and economic growth, evidence from the panel of asian oil-producing and non-oil-producing economies

Yang

Yin

et al. 2023

Front. Environ. Sci.

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This study applies the augmented mean group (AMG) estimation technique to investigate whether institutional quality and FDI contribute to economic growth and environmental quality in emerging Asian oil-producing and non-oil-producing countries during the period 1975–2020. The estimation of AMG strategy indicates that for every 1% increase in FDI, institutional quality and carbon emissions can significantly boost economic growth by 0.882%, 0.659%, and 0.605%, respectively. Likewise, trade liberalization, transport infrastructure and urbanization can significantly boost economic growth. Long-term variable elasticity coefficients based on carbon emissions model suggest that FDI can stimulate carbon emissions, thereby validating the Pollution Heaven Hypothesis (PHH) in selected panel of countries. Institutional quality has a significant negative impact on carbon emissions, while GDP, trade openness, urbanization, and investment in transport infrastructure contribute significantly to carbon dioxide emissions. Country wise estimates of the AMG strategy show that the institutional quality of oil-producing countries has no significant impact on economic growth, but does boost economic growth in non-oil producing countries. The quality of institutions in both non-oil and oil-producing countries can significantly reduce carbon emissions. FDI stimulates economic growth in oil-producing countries compared to non-oil-producing countries. However, FDI contributes significantly to both oil and non-oil-producing CO2 emissions, thus validating PHH. Controlling factors such as economic growth increase significantly to CO2 emissions in oil-producing countries, while, CO2 emissions from petro-states stimulate more to economic growth than non-petroleum states. The impact of trade liberalization on economic growth is significantly positive in both oil and non-oil-producing countries, but the contribution of non-oil-producing economies is higher than that of oil-producing countries. Compared with non-oil producing countries, trade liberalization in oil-producing countries contributes more to carbon emissions. Investment in transportation infrastructure significantly boosted economic growth in both oil and non-oil producing countries, but oil producing countries contributed more than non-oil producing countries. A range of policy proposals were discussed to achieve economic and environmental sustainability.

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confidence: 77%

RETRACTED: An empirical analysis of FDI and institutional quality on environmental quality and economic growth, evidence from the panel of asian oil-producing and non-oil-producing economies

Yang

Yin

et al. 2023

Front. Environ. Sci.

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“…Every time that CO 2 emissions were included, a positive relationship with economic growth occurred in harmony with the many of the previous literature (Balsalobre-Lorente and Leitão 2020; Yiew et al 2021;Hongxing et al 2021;Iqbal et al 2022). However, a concern is that temperature and rainfall decrease are insignificant when pollution is joined, model has lower AIC, and there is no cointegration.…”

Section: Discussionsupporting

confidence: 83%

“…In the paper of Iqbal et al ( 2022 ), the influence of CO 2 pollution, renewable energy, and a group of economic variables on GDP for BRICS countries from 2000 to 2018 was researched. Μore clearly, PMG, mean group (MG), FMOLS, and DOLS were applied, depicting a positive long-run effect of the two environmental variables on economic growth.…”

Section: Literature Viewmentioning

confidence: 99%

Climate change: north and south EU economies—an application of dynamic asymmetric panel data models

Adam

Drakos

2022

Environ Sci Pollut Res

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The need for a cleaner environment and wealthier economies has been highly recognized by European Union (EU) policymakers of the last years, as evidenced by the creation of a plethora of laws and regulations for reducing carbon dioxide emissions while promoting the economic prosperity of EU countries. Indeed, many works have been done in this field, remarking on climate change’s impacts on economies and the need for determinant environmental policies inside the EU. This paper investigates the effect of climate change on economic growth using nonlinear dynamic panel methods for 15 countries of the EU in the period 1981–2019. Specifically, it is examined the impact of temperature, precipitation, and CO2 emissions on economic growth. So, autoregressive distributed lags (ARDL) methods were employed, overcoming cross-dependency and also considering linearity and nonlinearity. The results showed that economic growth has positive nonlinear relationship with long-run temperature, but in short-run they have a symmetric negative association. Moreover, precipitation has long-run negative and a short-run positive relationship with economic growth. However, when CO2 emissions are added, then model’s performance is decreased, and precipitation has a positive effect on economic growth, but all others, except from temperature increase, become insignificant. Finally, actions should be taken for more stable climate conditions and consistent environmental policies by EU countries. Graphical abstract

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“…The mechanism known as the feed-in tariff ensures returns for investors (Cheng et al, 2019 ). According to the findings of Iqbal et al ( 2022 ), the investor should invest in renewable energy during the present period if the profit will decrease over time; however, the investor should delay investment until a later period if the profit will increase at least somewhat for a later period. Shabir et al ( 2022 ) analyze and contrasts the risks associated with two different pricing mechanisms: the fixed price mechanism and the premium price mechanism.…”

Section: Literature Reviewmentioning

confidence: 99%

Nexus Between Financial Development, Renewable Energy Investment, and Sustainable Development: Role of Technical Innovations and Industrial Structure

Xiang

Akhtar

2022

Front. Psychol.

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Significant challenges confronting China include reducing carbon emissions, dealing with the resulting problems, and meeting various requirements for long-term economic growth. As a result, the shift in industrial structure best reflects how human society utilizes resources and impacts the environment. To meet China's 2050 net-zero emissions target, we look at how technological innovations, financial development, renewable energy investment, population age, and the economic complexity index all play a role in environmental sustainability in China. Analyzing short- and long-term relationships using ARDL bounds testing, we used historical data spanning 1990–2018. According to the study's findings, the cointegration between CO2 emissions and their underlying factors was found. The deterioration of the environment directly results from financial development, increasing economic complexity, and population aging. Technical advancements, investments in renewable energy sources, and changes to the industrial structure all contribute to lower CO2 emissions. Granger causality results were also reliably obtained in this study. According to our findings in the fight against environmental problems, a key tool for meeting long-term sustainability goals is policy prescriptions that use technological innovations, renewable energy investment, and industrial structure.

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Investigating the nexus between CO2 emissions, renewable energy consumption, FDI, exports and economic growth: evidence from BRICS countries

Cited by 96 publications

References 113 publications

RETRACTED: An empirical analysis of FDI and institutional quality on environmental quality and economic growth, evidence from the panel of asian oil-producing and non-oil-producing economies

RETRACTED: An empirical analysis of FDI and institutional quality on environmental quality and economic growth, evidence from the panel of asian oil-producing and non-oil-producing economies

Climate change: north and south EU economies—an application of dynamic asymmetric panel data models

Nexus Between Financial Development, Renewable Energy Investment, and Sustainable Development: Role of Technical Innovations and Industrial Structure

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