The alternative energy utilization and common regional trade outlook in EU-27: Evidence from common correlated effects

Adedoyin, Festus Fatai; Alola, Andrew Adewale; Bekun, Festus Vıctor

doi:10.1016/j.rser.2021.111092

Cited by 92 publications

(44 citation statements)

References 62 publications

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“…Prior environmental research has validated that economic activities and uncontrolled fossil fuel consumption are vital sources of increasing pollutant emissions (Ozturk et al 2019;Le and Ozturk 2020). For instance, taking 27 selected European Union economies as an example, Adedoyin et al (2021b) proposed that economic development puts tremendous pressure on environment quality and accelerates growth in carbon emissions. As a fundamental element in economic growth, energy consumption is extremely beneficial to the development of most economies (Adedoyin et al 2020b).…”

Section: Methodsmentioning

confidence: 99%

The symmetric and asymmetric effects of economic policy uncertainty and oil prices on carbon emissions in the USA and China: evidence from the ARDL and non-linear ARDL approaches

Zhang

Huang

2021

Environ Sci Pollut Res

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The environmental consequences of economic policy uncertainty (EPU) and oil price changes have attracted much attention in recent years, but few studies have estimated the asymmetric impact. This research investigates the symmetric and asymmetric effects of EPU and oil prices on carbon emissions in the USA and China. Based on monthly data from 1995:1 to 2019:12, we address this issue by applying the ARDL and non-linear ARDL cointegration methodology. The symmetric results show that the change in EPU has no evident impact on carbon emissions in the short and long run for the USA and China, and oil prices have a lag effect in this regard. The non-linear ARDL estimation documents significant asymmetric effects of EPU and oil prices. Specifically, the negative change in EPU facilitates emissions in the USA in the long and short run, and a unit increase in EPU increases emissions by 2.24% and 4.95%, respectively, whereas its positive change does not produce any significant effect. Carbon emissions in China are significantly and positively affected by the positive change in EPU only over the long run, and an increase in EPU increases emissions by 0.04%. Furthermore, the positive shock of oil prices significantly and positively influences emissions in the long run, and a unit increase in this factor increases emissions by 15.73% and 0.44% in the USA and China, respectively. Moreover, the short-term effect of the negative shock of oil prices exhibits a lag effect. The empirical results provide a practical reference for the USA and China to craft robust policies on emission cutting.

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Section: Methodsmentioning

confidence: 99%

The symmetric and asymmetric effects of economic policy uncertainty and oil prices on carbon emissions in the USA and China: evidence from the ARDL and non-linear ARDL approaches

Zhang

Huang

2021

Environ Sci Pollut Res

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“…Existing related studies also discuss the role of other macroeconomic indicators, such as trade openness, energy consumption, renewable energy, and urbanization, in relation to CO 2 emissions in various regions and countries. For example, Adedoyin et al (2021a) showed that sustainable and alternative energy are negatively associated with CO 2 emissions, while trade openness and income are positively associated with CO 2 emissions in 27 European Union countries. Nathaniel et al (2021) found that CO 2 emissions are positively related to urbanization, natural resources, economic growth, and globalization, while human capital is negatively related to CO 2 emissions in 18 Latin American and Caribbean countries.…”

Section: The Environmental Kuznets Curve Hypothesismentioning

confidence: 99%

Investigating whether the environmental Kuznets curve hypothesis holds for sectoral CO2 emissions: evidence from developed and developing countries

Htike

Shrestha

Kakinaka

2021

Environ Dev Sustain

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“…Furthermore, other studies, such as Chu and Le ( 40 ), report an inverted u-shaped relationship between economic output and environmental expenditures. Adedoyin et al ( 41 ) argue, however, that there is no evidence of a significant relationship between economic output and environmental degradation which increases environmental expenditures. In the contrast, Yuan et al ( 22 ) also emphasized the environmental and economic efficiency analysis.…”

Section: Literature Reviewmentioning

confidence: 99%

Nexus Between Economic Efficiency, Healthcare, and Environmental Expenditures: A Perspective of BRI Countries

Hussain

Miao

Zhao

et al. 2022

Front. Public Health

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Public health and the environment are the most essential pillars, and play a vital role in the economy. In order to better public health, the economic and environmental atmosphere must be stable and clean, respectively. Thus, this paper emphasizes on nexus between economic, public health, and the environment. Therefore, the objective of this paper is whether healthcare and environmental expenditures affect economic efficiency and vice versa. So, this study evaluates the performance of the country's economic efficiency and investigates the effect of healthcare and environmental expenditures for 62 Belt and Road Initiative countries for the period from 1996 to 2020. Suitable input-output variables are employed under the framework of DEA-window and Malmquist Index Productivity, and Stochastic Frontier Analysis (SFA). In addition, this study estimates the relationship between economic efficiency, healthcare, and environmental expenditures by fixed and random effects models. Therefore, the analytical outcomes reveal that countries are economically efficient. On the contrary, SFA estimation concludes that countries are found to be inefficient, because higher variation is exists in efficiency change compared to technological efficiency change and total factor productivity change on average. In addition, it is worth notable that healthcare and environmental expenditures improve the country's economic efficiency. Furthermore, public health is also influenced by economic efficiency. Thus, this study suggests that countries should better utilize given resources and invest a specific portion of national income in order to improve economic efficiency.

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The alternative energy utilization and common regional trade outlook in EU-27: Evidence from common correlated effects

Cited by 92 publications

References 62 publications

The symmetric and asymmetric effects of economic policy uncertainty and oil prices on carbon emissions in the USA and China: evidence from the ARDL and non-linear ARDL approaches

The symmetric and asymmetric effects of economic policy uncertainty and oil prices on carbon emissions in the USA and China: evidence from the ARDL and non-linear ARDL approaches

Investigating whether the environmental Kuznets curve hypothesis holds for sectoral CO2 emissions: evidence from developed and developing countries

Nexus Between Economic Efficiency, Healthcare, and Environmental Expenditures: A Perspective of BRI Countries

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