Political risk and green technology improvement: New insights from global evidence

Yang, Hao‐Chang; Cai, Yifei; Zhang, Miao-Yin

doi:10.1016/j.igd.2022.100004

Cited by 20 publications

(2 citation statements)

References 44 publications

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“…To examine the long-run cointegrated relationship between variables (Yang et al 2022a ), we employed the panel cointegration test (Banerjee and Carrion‐i‐Silvestre 2015 ). Panel cointegration not only explores structural breaks in both the deterministic components and the cointegrating vector but also considers cross-section dependence among units (Yang et al 2022b ; Dey et al 2022 ). The data-generating process with structural break form is given as follows: where t = 1, … T represents the time period; i = 1, …, N represents units; and Price it and Hash it refer to price and hashrate, respectively.…”

Section: Methods and Datamentioning

confidence: 99%

The transaction behavior of cryptocurrency and electricity consumption

et al. 2023

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Rapidly increasing cryptocurrency prices have encouraged cryptocurrency miners to participate in cryptocurrency production, increasing network hashrates and electricity consumption. Growth in network hashrates has further crowded out small cryptocurrency investors owing to the heightened costs of mining hardware and electricity. These changes prompt cryptocurrency miners to become new investors, leading to cryptocurrency price increases. The potential bidirectional relationship between cryptocurrency price and electricity consumption remains unidentified. Hence, this research thus utilizes July 31 2015–July 12 2019 data from 13 cryptocurrencies to investigate the short- and long-run causal effects between cryptocurrency transaction and electricity consumption. Particularly, we consider structural breaks induced by external shocks through stationary analysis and comovement relationships. Over the examined time period, we found that the series of cryptocurrency transaction and electricity consumption gradually returns to mean convergence after undergoing daily shocks, with prices trending together with hashrates. Transaction fluctuations exert both a temporary effect and permanent influence on electricity consumption. Therefore, owing to the computational power deployed to wherever high profit is found, transactions are vital determinants of electricity consumption.

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Section: Methods and Datamentioning

confidence: 99%

The transaction behavior of cryptocurrency and electricity consumption

et al. 2023

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“…The planet consumes more resources than it can support, and based on this consumption rate, two more planets will be required by 2050. Thus, the current linear paradigm of resource extraction is unsustainable [25,[46][47][48][49][50]. This results from the pro-growth policies of both developed and developing economies.…”

Section: Literature Reviewmentioning

confidence: 99%

Towards Achieving Sustainability in the BRICS Economies: The Role of Renewable Energy Consumption and Economic Risk

2023

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In this study, the focus is on examining the influence of renewable energy consumption, economic risk, and financial risk on the load capacity factor (LF) within the BRICS countries. The analysis covers the time span from 1990 to 2019. The empirical strategy uses the Method of Moments Quantile Regression (MMQR) and long-run estimators (Fixed Effects Ordinary Least Squares, FE-OLS; Dynamic Ordinary Least Squares, DOLS; and Fully Modified Ordinary Least Squares, FMOLS). The findings highlight the presence of a cointegrating relationship. Moreover, fossil fuels and economic growth cause LF to decrease, while economic risk and the use of renewable energy sources increase the deepening of the LF. Furthermore, the results of the MMQR method are confirmed by DOLS, FMOLS, and FE-OLS estimates. Causality results also demonstrate that these factors may forecast ecological quality, indicating that policies for renewable energy consumption, financial risk, renewable energy, and economic growth can all have an impact on the degree of LF. In light of this research, policymakers should strongly encourage expenditures on environmentally friendly technologies and economic and financial stability to increase energy efficiency as well as sustain the widespread adoption and use of energy-saving products.

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