Role of financial development, foreign direct investment inflow, innovation in environmental degradation in Pakistan with dynamic ARDL simulation model

Jan, Ali; Xin-gang, Zhao; Babar, Samreen Fahim; Khan, Muhammad Imran

doi:10.1007/s11356-023-25631-3

Cited by 12 publications

(9 citation statements)

References 74 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…This outcome is in line with the observations of and Mahmood et al (2019), who emphasize the detrimental environmental impact of economic growth. Moreover, Jan et al (2023) and Raihan (2023) concur by demonstrating that economic growth is associated with an increase in pollution levels. This long-term relationship highlights the notion of the environmental Kuznets curve (Franklin & Ruth, 2012), where economic growth initially exacerbates environmental degradation before eventually leading to improvements.…”

Section: Resultsmentioning

confidence: 74%

Impact of Economic Growth, Energy Consumption and Urbanization on Carbon Dioxide Emissions in the Kingdom of Saudi Arabia

Ali,

Sumaira,

Siddique

et al. 2023

JPR

View full text Add to dashboard Cite

The Kingdom of Saudi Arabia has witnessed unprecedented economic growth in recent decades, propelling it onto the global stage. However, this rapid growth is often associated with a notable increase in carbon dioxide emissions, which carry significant environmental ramifications. In light of this pressing concern, this research undertakes a comprehensive examination of the intricate relationships between economic growth, energy consumption, urbanization, and carbon dioxide emissions within the Kingdom of Saudi Arabia from 1980 to 2020. This study employs autoregressive distributed lag approach to uncover the multifaceted dynamics at play. The empirical findings of the study reveal a compelling narrative about the Kingdom's natural landscape. Particularly noteworthy is the revelation that economic growth, urbanization, and energy consumption emerge as pivotal long-term drivers of escalating pollution. These findings underscore the critical necessity for policies that strike a balance between economic development and environmental preservation. Furthermore, the study disentangles the intricate web of causation among these factors. It becomes evident that economic growth and pollution exhibit bidirectional causality, illuminating the intricate connection between economic prosperity and environmental consequences. Additionally, commercial activities have been empirically shown to exert a substantial influence on pollution levels in the Kingdom of Saudi Arabia. To address these challenges, a pivotal shift towards a low-carbon technological revolution is proposed as a means of achieving sustained economic development. This transition towards environmentally friendly technologies holds the potential to decouple economic growth from environmental degradation, paving the way for a greener and more prosperous future for the Kingdom of Saudi Arabia.

show abstract

Section: Resultsmentioning

confidence: 74%

Impact of Economic Growth, Energy Consumption and Urbanization on Carbon Dioxide Emissions in the Kingdom of Saudi Arabia

Ali,

Sumaira,

Siddique

et al. 2023

JPR

View full text Add to dashboard Cite

show abstract

“…Both symmetric and asymmetric assessments found that FDI has a catalytic role in the degradation of environmental quality, supporting the pollution haven hypothesis as an explanation for the persistence of FDI inflows (18,35,97,(117)(118)(119). It has been argued that FDI may help stimulate economic growth and development.…”

Section: Long-run and Short-run Estimation: Symmetric And Asymmetric ...mentioning

confidence: 69%

Nexus between financial developments, renewable energy consumption and environmental sustainability in Bangladesh: Evidence from ARDL and NARDL

Qamruzzaman¹

2023

World J. Adv. Res. Rev.

View full text Add to dashboard Cite

The goal of this research was to examine the effects of Bangladesh’s economic growth, trade liberalization, renewable energy consumption, financial development, and FDI on environmental sustainability from 1990 to 2019. Both the combined cointegration and Makki cointegration tests and the cointegration test with symmetry and asymmetry found evidence of long-run cointegration between the explained and explanatory factors. As shown by the coefficients of FD, TO, and FDI, population haven theory suggests that FD, TO, and FDI have hastened environmental deterioration in Bangladesh. Furthermore, the asymmetric evaluation revealed the nonlinear association between explained and explanatory factors throughout the long and short term.

show abstract

“…On the one hand, the urban landscape presents opportunities for heightened adoption of renewable energy sources, driven by embracing sustainable building practices, eco-conscious architectural designs, and integrating renewable technologies within urban settings. Think of it as cities embracing greener alternatives, like rooftop solar panels or wind turbines nestled among skyscrapers, to power their bustling cores [21][22][23][24].…”

Section: Urbanization Influences Renewable Energy Consumptionmentioning

confidence: 99%

Urbanization, trade openness, and industrialization as a determent of clean energy consumption: Evidence from BRI nations

Md. Qamruzzaman

2024

World J. Adv. Res. Rev.

View full text Add to dashboard Cite

Energy and economic policies should include the intricate interconnections among urbanization, trade openness, industry, and the utilization of renewable energy. This study investigates the intricate connections among nations involved in the Belt and Road Initiative (BRI). The study employed panel econometric techniques, including DSUR, Cup-BC, and CUP-FM, to document independent variables' elasticities. Study findings suggest that urbanization is initially negatively correlated with renewable energy consumption (REC) because of the rising demand for energy, particularly non-renewable sources. Urbanization beyond a certain threshold fosters renewable energy, showcasing the positive effects of Renewable Energy Certificates (RECs). The influence of urbanization on energy use has changed throughout time. Furthermore, there is an initial positive relationship between trade openness and REC, indicating that adopting liberalized trade policies encourages the use of clean energy. Nevertheless, over time, this connection becomes less strong, suggesting a critical moment when the promotion of trade openness may lead to an increase in the use of non-renewable resources. Industrialization first stimulates the need for traditional energy sources but ultimately encourages using renewable energy. The U-invert connection demonstrates the interplay between industrialization and energy consumption patterns, emphasizing the need for flexible policies. Our study assists policymakers and stakeholders in effectively addressing energy sustainability concerns related to the Belt and Road Initiative (BRI).

show abstract

Role of financial development, foreign direct investment inflow, innovation in environmental degradation in Pakistan with dynamic ARDL simulation model

Cited by 12 publications

References 74 publications

Impact of Economic Growth, Energy Consumption and Urbanization on Carbon Dioxide Emissions in the Kingdom of Saudi Arabia

Impact of Economic Growth, Energy Consumption and Urbanization on Carbon Dioxide Emissions in the Kingdom of Saudi Arabia

Nexus between financial developments, renewable energy consumption and environmental sustainability in Bangladesh: Evidence from ARDL and NARDL

Urbanization, trade openness, and industrialization as a determent of clean energy consumption: Evidence from BRI nations

Contact Info

Product

Resources

About