Investigating the role of globalization, and energy consumption for environmental externalities: Empirical evidence from developed and developing economies

Xia, Wanjun; Apergis, Nicholas; Bashir, Muhammad Farhan; Ghosh, Sudeshna; Doğan, Buhari; Shahzad, Umer

doi:10.1016/j.renene.2021.10.084

Cited by 150 publications

(47 citation statements)

References 56 publications

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“…Fatima et al [103] find that the ratio of consumption of renewable energy to CO 2 emission descends when income rising. At the same time, some studies [15,16,104] conclude that higher GDP increases carbon emissions. Secondly, the investment profiles of countries play an important role in the adaption of green innovations.…”

Section: Discussionmentioning

confidence: 99%

On the Determinants of Green Technology Diffusion: An Empirical Analysis of Economic, Social, Political, and Environmental Factors

Ağan

Balcılar

2022

Sustainability

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The purpose of this study is to investigate the importance of economic, social, political, and environmental factors in determining green technology diffusion. We use a unique annual panel dataset covering 58 nations from 1990 to 2019. Based on dynamic panel data models estimated using system generalized method of moments (GMM), we test whether the technological achievement of nations, general technology diffusion trends, environmental performance, democratic accountability, income distribution, foreign direct investment, income level, and socioeconomic conditions are significant determinants. Our findings indicate that green technology diffusion has a significant relationship with all of these factors. We obtain new evidence that general or brown technological innovation, diffusion, and achievement trends in a country are significant drivers of environmental technology diffusion. The findings of our paper have significant implications for sustainable development, given the importance of green products and technologies. The results of the study suggest that policies aimed at promoting the diffusion of green technologies may not be successful in the presence of unfavorable economic, social, political, or environmental conditions.

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Section: Discussionmentioning

confidence: 99%

On the Determinants of Green Technology Diffusion: An Empirical Analysis of Economic, Social, Political, and Environmental Factors

Ağan

Balcılar

2022

Sustainability

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“…It opens the door to profit-driven international trade and business. While globalization has certain advantages, it has also had negative consequences for the environment (Xia et al, 2022). Globalization has aided deforestation and the huge consumption of non-renewable fossil fuels and natural resources.…”

Section: Globalization Climate Change and The Green Economymentioning

confidence: 99%

“…Globalization has had a huge impact on our way of life. It has increased communication, faster access to technology, and more innovation (Xia et al, 2022;Zhao et al, 2022b). It has ushered in a new age of economic prosperity, created massive development channels, and played an essential role in bringing people of different cultures together.…”

Section: Introductionmentioning

confidence: 99%

Globalization, Green Economy and Environmental Challenges: State of the Art Review for Practical Implications

Zhang

Chen

et al. 2022

Front. Environ. Sci.

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Globalization has significantly influenced the economy, ecology, and society during the previous decade. Meanwhile, the green economy has emerged as a critical policy framework for growth and development in developed and developing countries. The current study is an attempt to provide a detailed review on globalization, green economy, and climate challenges to draw some implications. There are disagreements between competing green economic discourses and a variety of definitions, all of which have problems. Recognizing the environmental effects of natural resource depletion and the economic benefits of environmental management are common examples of green economy operationalization. The new study also examines climate change’s impact on the green economy and infrastructure development. The study further considers the role of economic structure to mitigate environmental issues, increase production efficiency, enhance green economy and environmentally friendly technologies. The present study concluded that working toward a green economy helps reduce poverty in the four ways indicated in this study. It also shed a brief light to improves poor people’s access to a healthy and safe environment while increasing human security by preventing or resolving conflicts over land, food, water, and other natural resources.

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“…Few studies establish an inverse relationship between firm growth and risk (Cooper and Maio, 2019), and this claim proves to be true if firms are in a position to liquidate their assets in times of need. Contrarily, several researchers claim that young firms seeking high growth take aggressive risk positions (Akbar et al, 2019;Xuezhou et al, 2020b;Xia et al, 2022). Substantial focus has been given to the relationship between growth and financing choices (Lee and Lee, 2019) because the impact of growth on insolvency risk is channelized through the liquidity and adequate availability of financial resources while pursuing growth incentives.…”

Section: Literature Review and Hypothesis Building Firm Growth And In...mentioning

confidence: 99%

Does Firm Growth Impede or Expedite Insolvency Risk? A Mediated Moderation Model of Leverage Maturity and Potential Fixed Collaterals

Wen¹,

Salameh²,

Hussain³

et al. 2022

Front. Environ. Sci.

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Business sustainability is compromised with an increase in insolvency risk. Firm growth is desirable, but it brings an associated bundle of high risks. We decomposed firm growth into internal and external growth and studied its impact on insolvency risk using a panel data set of 284 listed non-financial firms in Pakistan from 2013 to 2017. This study used the hierarchical multiple regression approach through panel corrected standard error (PCSE) and feasible generalized least squares estimators to test the proposed relationships. The results reveal that the leverage maturity ratio mediated the relationship between firm growth and insolvency risk. Moreover, we also collected fresh evidence on the moderating role of potential fixed collaterals that negatively moderated the relationship between leverage maturity and insolvency risk. It points toward the accumulation of non-productive fixed assets that create a burden for firms instead of helping them avail of favorable loan opportunities. The findings of this research suggests that fund managers should use more long term debt to tackle insolvency risk in highly volatile markets. Inclusion of assets that serve as better collaterals should be made part of the asset structure.

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Investigating the role of globalization, and energy consumption for environmental externalities: Empirical evidence from developed and developing economies

Cited by 150 publications

References 56 publications

On the Determinants of Green Technology Diffusion: An Empirical Analysis of Economic, Social, Political, and Environmental Factors

On the Determinants of Green Technology Diffusion: An Empirical Analysis of Economic, Social, Political, and Environmental Factors

Globalization, Green Economy and Environmental Challenges: State of the Art Review for Practical Implications

Does Firm Growth Impede or Expedite Insolvency Risk? A Mediated Moderation Model of Leverage Maturity and Potential Fixed Collaterals

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