Role of foreign direct investment and economic growth in renewable energy development

Wei, Xiaobo; Mohsin, Muhammad; Zhang, Qiongxin

doi:10.1016/j.renene.2022.04.062

Cited by 86 publications

(31 citation statements)

References 61 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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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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“…The problem of energy consumption structure becomes more and more serious. The generation of renewable energy is crucial for achieving sustainable development (Wei et al, 2022). The amount of investment in renewable and nonrenewable energy should be determined by the electricity market.…”

Section: Literature Reviewmentioning

confidence: 99%

Spatiotemporal evolution of investment-carbon emission coupling coordination in China’s electricity market

Zhang

2023

Front. Energy Res.

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Promoting the low-carbon development of the electricity market is the key to controlling CO2 emissions and achieving carbon neutrality in China. It requires the coordinated development between investment and carbon emissions in the electricity industry. Based on the panel data on electricity investment and carbon emissions from 2000 to 2019, this study systematically explains the coupling coordination mechanism between electricity investment and carbon emissions. We use the coupling coordination model to calculate the coupling coordination degree of each province. Then, the research uses the GM (1, 1) model to predict the coupling coordination development from 2020 to 2030. The study finds that the development of China’s electricity industry is in good shape. Although the coupling coordination degree has entered barely or primary coordination in most provinces, there are certain fluctuations in recent years; there are spatial differences in coupling and coordinated development among regions: the central region has a high coupling coordination degree, while the eastern and northeastern regions are relatively lagging behind. In the next 10 years, the coupling coordination degree will continue to grow, and all regions will reach the primary coordination. Among them, the central region will reach the intermediate coordination.

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“…Consuming power inefficiently impacts the environment, drives up the price of products, and raises the cost of power generation. Eliminating the requirement for petroleum and lowering production and distribution costs are all benefits of implementing RE (Wei et al, 2022). RE consumes less energy, GHG emissions will decrease, which is crucial for closing SSA's energy deficit.…”

Section: Literature Reviewmentioning

confidence: 99%

Nexus between financial inclusion and natural resource management: How human development affects the sustainability practices

Weng,

Xia

2023

Geological Journal

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There is increasing apprehension surrounding the sustainable governance of natural resources in South Asian nations, where the economy's progress is significantly dependent on these resources. Financial inclusion is a vital determinant in promoting sustainable practices as it pertains to the accessibility and utilization of financial services by all population sectors. Moreover, the field of human development, which encompasses various indicators, including education, healthcare, and living standards, exerts a substantial influence on the formation of societal behaviour and attitudes towards the conservation of resources. This research investigates the correlation between financial inclusion, natural resource management, and human development in South Asian nations from 2008 to 2020. Panel data modelling is used in this study to examine the relationship between the abovementioned variables and evaluate human development's influence on sustainability practices. This study utilizes panel data analysis to examine the complex association between financial inclusion and natural resource management. This study examines the relationship between different levels of human development and adopting sustainable practices within the region. Using the panel data framework facilitates the analysis of both idiosyncratic country‐specific effects and shared patterns observed among the South Asian countries under consideration. The findings of this research offer valuable perspectives on the intricate relationship between financial inclusion, human development, and natural resource management. The results of this study make a valuable contribution to the current body of literature by emphasizing the importance of inclusive financial systems in fostering sustainable practices. Furthermore, these findings provide insight into the influence of human development on the formation of individuals' attitudes and behaviours about the conservation of resources. The implications of these findings are relevant for policymakers and stakeholders who aim to improve sustainability initiatives and promote inclusive economic development in South Asian nations.

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Role of foreign direct investment and economic growth in renewable energy development

Cited by 86 publications

References 61 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

Spatiotemporal evolution of investment-carbon emission coupling coordination in China’s electricity market

Nexus between financial inclusion and natural resource management: How human development affects the sustainability practices

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