The effect of income inequality and energy consumption on environmental degradation: the role of institutions and financial development in 180 countries of the world

Khan, Hayat; Weili, Liu; Khan, Itbar; Le, H. Q.

doi:10.1007/s11356-021-17278-9

Cited by 40 publications

(13 citation statements)

References 49 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The results of the Wang and Zhang ( 2021 ) study are similar to our results for the countries of upper-middle-income and high income. Also, the studies of Adebayo et al ( 2022 ), Khan et al ( 2022 ), Shahbaz et al ( 2019 ), Zhang et al ( 2017 ), and Al-Mulali et al ( 2015 ) support our results.…”

Section: Empirical Results and Discussionsupporting

confidence: 89%

“…These studies can be evaluated in three general categories based on the results. The first category concluded that enhancing the income gap and unfair income distribution increases neglect of the environment and therefore has devastating effects (Baloch et al 2020 ; Khan et al 2022 ; Uzar 2020 ). The second category’s results are the opposite of the first category, and these studies conclude that income inequality improves the quality of the environment (Demir et al 2019 ).…”

Section: Literature Reviewmentioning

confidence: 99%

See 1 more Smart Citation

The role of economic policy uncertainty and social welfare in the view of ecological footprint: evidence from the traditional and novel platform in panel ARDL approaches

Esmaeili

Rafei

Balsalobre‐Lorente

et al. 2022

Environ Sci Pollut Res

View full text Add to dashboard Cite

In the contemporary world, environmental degradation has become a concern for human beings. Accordingly, the impact of social welfare, economic policy uncertainty, natural resource rents, life expectancy, and trade openness are examined on ecological footprint (the most comprehensive proxy of environmental degradation) in 19 energy-intensive countries from 1997 to 2018. With this in mind, this study used the traditional panel ARDL and CS-ARDL approaches to evaluate how the study’s variables influence ecological footprint. Notably, the results of the CS-ARDL approach are more robust due to cross-sectional dependence and slope heterogeneity problems. The outcomes revealed that economic policy uncertainty and trade openness affect the ecological footprint negatively in the short run and positively in the long run. Moreover, social welfare degrades the environment in the long run, and natural resource rents improve environmental quality by mitigating the ecological footprint in the short run and harming the environment in the long run. Besides, life expectancy does not significantly affect ecological footprint in the long or short run. Meanwhile, the results confirmed the bi-directional causal relationship between the study’s variable and ecological footprint. Based on the outcomes, the way to adopt effective policies to improve the quality of the environment has been paved. Furthermore, a comprehensive policy framework for stricter environmental regulation is expected to be developed using the outcomes derived from this study.

show abstract

Section: Empirical Results and Discussionsupporting

confidence: 89%

Section: Literature Reviewmentioning

confidence: 99%

The role of economic policy uncertainty and social welfare in the view of ecological footprint: evidence from the traditional and novel platform in panel ARDL approaches

Esmaeili

Rafei

Balsalobre‐Lorente

et al. 2022

Environ Sci Pollut Res

View full text Add to dashboard Cite

show abstract

“…As a result, an increase in corruption would expand income inequality. As corruption magnifies, high-income groups will have more opportunities and resources than lowand middle-income groups (Keneck-Massil et al, 2021;Khan, 2021;Jonathan Gimba et al, Khan et al, 2022). Thereby, the gap between the high-income and the low-income groups will widen, and income inequality will increase.…”

Section: Resultsmentioning

confidence: 99%

Tourism and income inequality

Subramaniam

Masron

Loganathan

2022

JBSED

View full text Add to dashboard Cite

PurposeTourism has grown to be one of the world's largest and fastest-growing economic industries. Tourism development is viewed as a tool to improve income distribution as it allows people at the bottom of the pyramid to get involved in the industry. This study aims to examine the impact of tourism on income inequality in the top income equality countries.Design/methodology/approachThe paper employs fully modified ordinary least squares (FMOLS) and dynamic ordinary least squares techniques to investigate the dynamic impact of tourism on income inequality in the world's most income equality countries, from 2001 to 2016.FindingsThe result shows that tourism is one of the major drivers of income equality. Thus, tourism can be used to reduce a country's income disparity.Practical implicationsAs a result, policymakers should support the tourism industry to reduce income disparity and enhance income distribution.Originality/valueGiven the conflicting findings in the literature, this study reexamines this link and attempts to backwardly assess if the top equal-income countries in the world are heavily dependent on tourism.

show abstract

“…With respect to economic development, there is an evidence supporting the inverted U-shaped environmental Kuznets curve hypothesis at the quantiles below 50th. The turning points of the environmental Kuznets curve hypothesis increase along with the quantiles of ecological footprint (Anwar et al, 2021;Chu and Hoang, 2021;Khan et al, 2021c;Salman et al, 2019;Zhang et al, 2016). In contrast, The blue-gray areas show the 90% confidence intervals at the quantiles above 50th, the relationship is reverted to a U-shaped connection between income and ecological footprint.…”

Section: Resultsmentioning

confidence: 96%

The impact of informal economy on technological innovation–ecological footprint nexus in OECD countries: new evidence from panel quantile regression

Chu

2022

J Environ Stud Sci

View full text Add to dashboard Cite

Given the alarming rate of environmental degradation, the contribution of technology development in preserving the ecosystem is crucially important to be analyzed. In addition, since the informal sectors are not included in the official statistics and may be disadvantaged in adopting technological advances, their impact on the environmental quality should be also carefully considered. Thus, this paper examines the direct effect of technological innovation on environmental quality as well as the interaction effect between technological innovation and informal economy. We employ advanced panel quantile regression for 27 OECD countries from 1995 to 2015. The empirical results indicate that the impact of technological innovation on ecological footprint is favorable but heterogeneous across quantiles. The magnitude of impact intensifies as the ecological footprint increases from the lower to middle quantiles of the distribution and then reverts to the average level at the upper quantiles. The shadow economy exerts a negative effect from the middle to upper quantiles of the ecological footprint distribution. Further, higher informality diminishes the favorable effect of technological progress on the environment. The policymakers should strengthen basic conditions for the establishment and adoption of environmental-related technologies as well as tailor environmental policies for the ongoing transition from the informal to the formal sectors.

show abstract

The effect of income inequality and energy consumption on environmental degradation: the role of institutions and financial development in 180 countries of the world

Cited by 40 publications

References 49 publications

The role of economic policy uncertainty and social welfare in the view of ecological footprint: evidence from the traditional and novel platform in panel ARDL approaches

The role of economic policy uncertainty and social welfare in the view of ecological footprint: evidence from the traditional and novel platform in panel ARDL approaches

Tourism and income inequality

The impact of informal economy on technological innovation–ecological footprint nexus in OECD countries: new evidence from panel quantile regression

Contact Info

Product

Resources

About