The asymmetric effects of oil price changes on environmental pollution: evidence from the top ten carbon emitters

Ullah, Sana; Chishti, Muhammad Zubair; Majeed, Muhammad Tariq

doi:10.1007/s11356-020-09264-4

Cited by 65 publications

(38 citation statements)

References 47 publications

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“…Furthermore, the long-run estimates suggest that 1% rise in conventional energy resources trigger the CO2 emissions by 0.361%, 0.492%, 0.333%, 0.594%, 0.660%, 0.400%, 0.205%, 0.099%, 0.386%, and 0.706% in Afghanistan, Iraq, Nigeria, Syria, Pakistan, Somalia, India, Yemen, the Philippines, and Thailand, respectively. The same results are reported by Chishti et al (2020aChishti et al ( , 2020b, Usman et al (2020), Teng et al (2021), and Ullah et al (2020aUllah et al ( , 2020b for South Asia, Pakistan, ten selected economies, and Pakistan, respectively. Likewise, the ratio of CO2 emissions tends to increase by 0.884%, 0.592%, 0.723%, 0.936%, 0.705%, 0.832%, 0.908%, 0.450%, 0.620%, and 0.447% on account of 1% rise in the GDP of Afghanistan, Iraq, Nigeria, Syria, Pakistan, Somalia, India, Yemen, the Philippines, and Thailand, respectively.…”

Section: Resultssupporting

confidence: 81%

“…Likewise, the ratio of CO2 emissions tends to increase by 0.884%, 0.592%, 0.723%, 0.936%, 0.705%, 0.832%, 0.908%, 0.450%, 0.620%, and 0.447% on account of 1% rise in the GDP of Afghanistan, Iraq, Nigeria, Syria, Pakistan, Somalia, India, Yemen, the Philippines, and Thailand, respectively. These findings are backed by the studies of Ullah et al (2020b) for selected 10 economies, Ullah et al (2020) for Pakistan and India, Ullah et al (2020aUllah et al ( , 2020b for selected Asian economies, Chishti et al (2021aChishti et al ( , 2021b for BRICS, and Rehman et al (2021c) for China.…”

Section: Resultsmentioning

confidence: 90%

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The asymmetric associations between foreign direct investment inflows, terrorism, CO2 emissions, and economic growth: a tale of two shocks

Chishti

Ahmed

Murshed

et al. 2021

Environ Sci Pollut Res

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Foreign direct investments can exert ambiguous effects on the environmental quality of the host economies. At the same time, terrorism is a worldwide phenomenon that affects human life, FDI inflows, economic growth, and, most importantly, environmental well-being. Hence, it can be expected that there are relationships between terrorism, foreign direct investment inflows, and carbon dioxide emissions. However, in the previous literature, less attention has been given to explore these nexuses. In addition, the possible nonlinearities in data are also mostly ignored in the preceding related studies. Against this backdrop, this paper explores the linear and nonlinear influences of terrorism and foreign direct investment inflows on carbon dioxide emissions, controlling for energy consumption and economic growth within the model, on carbon dioxide emissions in the context of ten global economies that are most impacted by terrorism. To this end, we used the data from 1973 to 2016 and deployed the linear and non-linear autoregressive distributed lag methods to scrutinize the environmental impacts of the explanatory variables of concern. The results confirmed the presence of non-linearities in the relationships between terrorism, inflows of foreign direct investments, and carbon dioxide emissions. Furthermore, the findings revealed that the positive shocks to terrorism and foreign direct investment inflows significantly deteriorate the environment with a dominating effect. Unlike the previous studies, this current study validates the pollution haven hypothesis for the sample economies. Energy consumption and economic growth were also evidenced to exacerbate the carbon dioxide emission levels in all selected countries. Based on these results, we recommend that our sample economies should focus on promoting education, employment, economic stability, and public awareness to eradicate terrorism which, in turn, can mitigate the emissions of carbon dioxide further. In addition, stringent environmental regulations on foreign direct investment inflows are required to reduce the adverse environmental effects of such sources of foreign finance. Furthermore, the international firms should be encouraged to invest in cleaner technologies by offering them tax benefits and other financial incentives.

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Section: Resultssupporting

confidence: 81%

Section: Resultsmentioning

confidence: 90%

The asymmetric associations between foreign direct investment inflows, terrorism, CO2 emissions, and economic growth: a tale of two shocks

Chishti

Ahmed

Murshed

et al. 2021

Environ Sci Pollut Res

Self Cite

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“…More particularly, small and newly developed firms have to endure the adverse effects of high pressure of competition and financial constraints for sustaining productivity. For lowing the production cost during the economic downturn, these firms are persuaded to deploy fossil fuels for production, which tend to increase CO2e (Ullah et al, 2020).…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Do the shocks in technological and financial innovation influence the environmental quality? Evidence from BRICS economies

Chishti

Sinha²

2022

Technology in Society

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171

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The current paper formulates a novel framework to scrutinize the effects of shocks in technological and financial innovation on carbon dioxide emissions (CO2e) in BRICS economies. The Westerlund cointegration test is applied to confirm the long-run association among the constructs. The estimates of second-generation techniques, viz, Augmented Mean Group (AMG) and Common Correlated Effect Mean Group (CCEMG), determine the following results. First, the positive shocks from financial innovation significantly disrupt the CO2e, while financial innovation's adverse shocks cause to stimulate pollution. Second, positive shocks in technological innovation also plays a pivotal role in mitigating carbon emissions while the negative shocks exhibit no impact. Third, the process of urbanization exhibits a negative linkage with environmental degradation. Fourth, fossil fuel consumption demonstrates a positive association with CO2e. Lastly, the negative correlation between foreign direct investment-CO2e nexus and GDP per capita squared-CO2e nexus assert the existence of EKC hypothesis, respectively. Also, fully-modified OLS is also deployed for country-level analysis. Besides, the causality test validates the findings by confirming the causal relationship among the modelled variables. Based of the study outcomes, this study has recommended an SDG-oriented policy framework.

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“…Within this discussion, we argue that limited attention is given to carbon dioxide (CO 2 ) emissions since the country’s energy matrix and its relatively low impact are usually taken for granted. Nonetheless, emissions are growing along with fossil fuels, vehicles, and energy consumption (Camioto et al 2018 ; de Freitas and Kaneko 2011 ; Rüstemoğlu and Andrés 2016 ; Ullah et al 2020 ). Due to focusing on the hydropower argument (and more recently on biofuels), Brazil gives little attention to problems such as energy conservation, intensity, or emissions (de Freitas and Kaneko 2011 ).…”

Section: Introductionmentioning

confidence: 99%

The drivers of energy-related CO2 emissions in Brazil: a regional application of the STIRPAT model

Polloni‐Silva

Silveira

Ferraz

et al. 2021

Environ Sci Pollut Res

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Since energy is one of the basic inputs for development, emerging economies should make an effort to investigate the environmental impacts of their fast economic growth. However, large emerging economies present significant regional heterogeneity that is usually uncounted for. This study uses the Stochastic Impacts by Regression on Population, Affluence and Technology (STIRPAT) model and regional data on the 27 Brazilian states to investigate the growth-CO 2 nexus under distinct development stages. To perform this analysis, we divided the states into three groups according to their average annual GDP (i.e., richer, intermediate, and poorer regions). The results suggest that richer and poorer regions, particularly, present economic and demographic developments that are environmentally costly. Also, population and per capita GDP have the largest influences on CO 2 emissions. The roles of the industrial sector and the ascending service sector are also subject to criticism. Moreover, Brazil arguably suffers from technological stagnation as its energy intensity is growing and boosting CO 2 emissions. We discuss the policy implications of these findings and suggest a future research agenda.

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The asymmetric effects of oil price changes on environmental pollution: evidence from the top ten carbon emitters

Cited by 65 publications

References 47 publications

The asymmetric associations between foreign direct investment inflows, terrorism, CO2 emissions, and economic growth: a tale of two shocks

The asymmetric associations between foreign direct investment inflows, terrorism, CO2 emissions, and economic growth: a tale of two shocks

Do the shocks in technological and financial innovation influence the environmental quality? Evidence from BRICS economies

The drivers of energy-related CO2 emissions in Brazil: a regional application of the STIRPAT model

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