The impact of financial development on renewable energy development in the MENA region: the role of institutional and political factors

Saadaoui, Haifa

doi:10.1007/s11356-022-18976-8

Cited by 44 publications

(14 citation statements)

References 75 publications

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“…Second, it can be utilized regardless of whether the variables in question are composed entirely of I(0), I(1), or a combination of both I(0) and I(1). Third, it accurately estimates the number of delays in the DGP (Data generating process), especially concerning the transition from the general to the specific process, as Saadaoui ( 2022 ) has reported. A straightforward OLS transformation can be used to derive the error correction model from the bound testing method, which brings us to the fourth point.…”

Section: Methodsmentioning

confidence: 88%

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Nexus Between Financial Development, Renewable Energy Investment, and Sustainable Development: Role of Technical Innovations and Industrial Structure

Xiang

Akhtar

2022

Front. Psychol.

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Significant challenges confronting China include reducing carbon emissions, dealing with the resulting problems, and meeting various requirements for long-term economic growth. As a result, the shift in industrial structure best reflects how human society utilizes resources and impacts the environment. To meet China's 2050 net-zero emissions target, we look at how technological innovations, financial development, renewable energy investment, population age, and the economic complexity index all play a role in environmental sustainability in China. Analyzing short- and long-term relationships using ARDL bounds testing, we used historical data spanning 1990–2018. According to the study's findings, the cointegration between CO2 emissions and their underlying factors was found. The deterioration of the environment directly results from financial development, increasing economic complexity, and population aging. Technical advancements, investments in renewable energy sources, and changes to the industrial structure all contribute to lower CO2 emissions. Granger causality results were also reliably obtained in this study. According to our findings in the fight against environmental problems, a key tool for meeting long-term sustainability goals is policy prescriptions that use technological innovations, renewable energy investment, and industrial structure.

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Section: Methodsmentioning

confidence: 88%

“…Most of the tests, specifically HQ and AIC, are based on our selection for the lag. In addition, Saadaoui ( 2022 ) argued that AIC is superior when applied to a small sample size. According to Table 4 , the findings indicate that the ideal number of lags between events is 2.…”

Section: Resultsmentioning

confidence: 99%

Nexus Between Financial Development, Renewable Energy Investment, and Sustainable Development: Role of Technical Innovations and Industrial Structure

Xiang

Akhtar

2022

Front. Psychol.

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“…They discovered that financial development has no obvious effect on renewable energy consumption. Saadaoui [ 32 ] investigated the relationship between financial development and renewable energy consumption in the Middle Eastern and North African (MENA) region by using the ARDL pooled mean group (PMG) method and the cross-country panel data from 1990 to 2018. The empirical research showed that financial development has no significant impact on the process of energy transformation in the long run; nevertheless, such impact becomes negative and significant in the short run.…”

Section: Literature Reviewmentioning

confidence: 99%

The Impact of Financial Development on Renewable Energy Consumption: A Multidimensional Analysis Based on Global Panel Data

Sun

Zhang

Gao

2023

IJERPH

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In this paper, we examined the impact of financial development on renewable energy consumption from a global perspective based on a dynamic panel model and panel data of 103 economies. We conducted the research from the different levels of financial development using an index system including nine variables, and also explored national heterogeneity by dividing samples into developed economies and developing economies. The empirical results indicated that the financial development had a positive impact on renewable energy consumption from the macro perspective, and this effect was mainly driven by the development of a financial institution (mainly including bank). Further analysis on the depth, access, and efficiency of a financial institution and financial market (mainly including stock market and bond market) revealed that all three aspects of a financial institution had a positive influence on renewable energy consumption, while this effect only existed in the aspect of efficiency for a financial market. The investigation of national heterogeneity showed that the financial development performed well in promoting renewable energy consumption in developed economies, while this positive effect only existed for financial institutions in developing economies. We suggest to policymakers to attach importance to the positive effect of financial development when formulating renewable-energy-related policies, and provide a system guarantee for renewable energy enterprises concerning financial sectors in developing economies.

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“…This is the reason why the main trajectory of the energy sector in Europe relies on the transition to an economy based on low carbon emissions and on increased energy efficiency, even stressing the need for fiscal and financial incentives for research and development of renewable technologies (Bersalli et al, 2020). Last but not the least, the development of the resilience in terms of the energy constraints may give way to an increase of the effectiveness and the improvement of the results of the research-development activity, whereas by encouraging the investments in the energy production may be a solution for diminishing the negative effects of the present energy crisis (Löffler et al, 2022;Saadaoui, 2022).…”

Section: Literature Reviewmentioning

confidence: 99%

Designing the profile of industrial consumers of renewable energy in Romania under the impact of the overlapping crisis

et al. 2022

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Prior to the outbreak of the conflict in Ukraine, the European energy markets had already been in a profound state of crisis with prices reaching top levels and with minimum supplies. The cost of the energy has had a significant impact on the performance and the sustainability of the majority of the economic operators, most of them considering the overgrowth of the price of the energy and the raw materials as the main risks in terms of the short - term development of the operational activity. Given the current situation, the aim of the study is to identify new solutions to reduce the negative effects of the present day crisis on the Romanian economic operators. In this context, the study focuses on the following objectives: O1—estimating the social and economic effects on the economic operators as a result of the energy crisis; O2—identifying the key factors which make the economic operators switch from the traditonal resources consumption to the renewable energy consumption and O3 - analyzing the influence factors in stimulating the investments in the renewable energy. The research methods that have been used are based on the quantitative analysis with the help of a questionnaire applied to 264 Romanian production companies. The final results of the present study refer to designing an overall profile of the industrial consumers given the escalation of the energy crisis worldwide. The findings of the study can be useful both for the final energy consumers and for the producers and distributors alike and ultimately for the European and national legislators whose decisions are closely related to the very future of these economic entities.

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The impact of financial development on renewable energy development in the MENA region: the role of institutional and political factors

Cited by 44 publications

References 75 publications

Nexus Between Financial Development, Renewable Energy Investment, and Sustainable Development: Role of Technical Innovations and Industrial Structure

Nexus Between Financial Development, Renewable Energy Investment, and Sustainable Development: Role of Technical Innovations and Industrial Structure

The Impact of Financial Development on Renewable Energy Consumption: A Multidimensional Analysis Based on Global Panel Data

Designing the profile of industrial consumers of renewable energy in Romania under the impact of the overlapping crisis

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