RETRACTED: Impact of international trade on crude oil in political unstable economies: Evidence from quantile regression

Lan, Yueqin; Dagar, Vishal; Zheng, Jiyuan

doi:10.1016/j.resourpol.2023.103684

Cited by 4 publications

(1 citation statement)

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“…The differing impacts of energy consumption on economic growth align with Korea's reliance on energy for its industrial sector. Studies by Wei and Huang [161] and Lan et al [162] demonstrate that fluctuations in energy availability and consumption significantly affect economies dependent on energy. Finally, this concept links economic growth with environmental impact, suggesting an initial increase in environmental degradation with economic growth, which diminishes at higher income levels.…”

Section: Long-run Effectsmentioning

confidence: 99%

Unraveling Korea’s Energy Challenge: The Consequences of Carbon Dioxide Emissions and Energy Use on Economic Sustainability

Li,

2024

Sustainability

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This research delves into the effects of carbon dioxide emissions and energy consumption on economic growth in Korea from 1980 to 2022, employing a sophisticated nonlinear autoregressive distributed lag model. The study unveils pivotal findings, most notably the positive association between carbon dioxide emissions and economic growth, suggesting that periods of economic expansion in Korea have been accompanied by surges in emissions. Furthermore, the investigation highlights a significant, albeit asymmetrical, positive impact of primary energy consumption on economic growth, illuminating the critical role of energy in the nation’s economic trajectory. The analysis also identifies essential economic determinants—namely, the labor force, gross fixed capital formation, and net inflows of foreign direct investment—underscoring their pivotal contributions to economic proliferation. The reliability of these insights is corroborated through advanced econometric techniques, including fully modified ordinary least squares and dynamic ordinary least squares methods. A noteworthy discovery emerges from the Toda–Yamamoto causality test, revealing bidirectional Granger causality between carbon dioxide emissions and economic growth, as well as between energy consumption and economic growth. Moreover, it uncovers a unidirectional causality flowing from labor, capital formation, and foreign direct investment towards economic growth. These findings elucidate the complex interplay between environmental and economic elements, highlighting the critical need for sustainable energy policies and proactive environmental stewardship in Korea. By advocating for a synthesis of economic advancement and environmental sustainability, this study presents indispensable insights for policymakers. It calls for a judicious approach to balancing Korea’s economic ambitions with its ecological responsibilities, thereby charting a sustainable path forward for the nation. Through its comprehensive analysis, this research contributes valuable perspectives to the discourse on economic development and environmental sustainability, offering guidance for Korea’s strategic planning and policy formulation.

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Section: Long-run Effectsmentioning

confidence: 99%