The impact of macroeconomic and financial development on carbon dioxide emissions in Pakistan: evidence with a novel dynamic simulated ARDL approach

Khan, Muhammad Imran; Teng, Jian Zhou

doi:10.1007/s11356-020-09304-z

Cited by 113 publications

(40 citation statements)

References 43 publications

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“…Furthermore, the study of Grossman and Krueger [ 9 ] identified positive relationship between economic growth and environmental degradation. Several reports on the trade-off between economic development and environmental destruction have been published, including, Umar et al [ 10 ] for China, Adebayo et al [ 11 ] for South Korea, Oluwajana et al [ 12 ] for South Africa, Khan et al [ 13 ] for Pakistan, Usman et al [ 14 ] for the United States, Zhang et al [ 15 ] for Malaysia, and Adebayo et al [ 16 ] for Chile, among others.…”

Section: Introductionmentioning

confidence: 99%

Dominance of Fossil Fuels in Japan’s National Energy Mix and Implications for Environmental Sustainability

Adebayo

Awosusi²,

Oladipupo

et al. 2021

IJERPH

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Despite the drive for increased environmental protection and the achievement of the Sustainable Development Goals (SDGs), coal, oil, and natural gas use continues to dominate Japan’s energy mix. In light of this issue, this research assessed the position of natural gas, oil, and coal energy use in Japan’s environmental mitigation efforts from the perspective of sustainable development with respect to economic growth between 1965 and 2019. In this regard, the study employs Bayer and Hanck cointegration, fully modified Ordinary Least Square (FMOLS), and dynamic ordinary least square (DOLS) to investigate these interconnections. The empirical findings from this study revealed that the utilization of natural gas, oil, and coal energy reduces the sustainability of the environment with oil consumption having the most significant impact. Furthermore, the study validates the environmental Kuznets curve (EKC) hypothesis in Japan. The outcomes of the Gradual shift causality showed that CO2 emissions can predict economic growth, while oil, coal, and energy consumption can predict CO2 emissions in Japan. Given Japan’s ongoing energy crisis, this innovative analysis provides valuable policy insights to stakeholders and authorities in the nation’s energy sector.

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Section: Introductionmentioning

confidence: 99%

Dominance of Fossil Fuels in Japan’s National Energy Mix and Implications for Environmental Sustainability

Adebayo

Awosusi²,

Oladipupo

et al. 2021

IJERPH

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“…[34]. 10 Besides, the estimated coefficient of urbanization has the expected positive sign but is not significant.…”

Section: Depreciation Ratesmentioning

confidence: 91%

“…It shows that the depreciation rates are implausible compared with Balestra and Nerlove [34] if the upper bound is high. 10 The authors found a rate of 11% for all fuel appliances, and 2%-3% for natural gas appliances. Column (2) of Table 4 includes real coal price as a covariate, considering the substitutability between coal and natural gas.…”

Section: Tablementioning

confidence: 96%

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Government-led urbanization and natural gas demand in China

Cai

Zhu

2021

Renewable and Sustainable Energy Reviews

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Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use:Documents in EconStor may be saved and copied for your personal and scholarly purposes.You are not to copy documents for public or commercial purposes, to exhibit the documents publicly, to make them publicly available on the internet, or to distribute or otherwise use the documents in public.If the documents have been made available under an Open Content Licence (especially Creative Commons Licences), you may exercise further usage rights as specified in the indicated licence.

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“…Further findings indicated that globalization reduces CO2 while confirming the presence of EKC hypothesis in APEC nations. A study in Pakistan on the linkages among domestic credit, energy use, economic growth and carbon emission utilized simulated ARDL on data covering the period of 1982-2018 and found that while financial development, foreign direct investment, real GDP and energy use raise level of CO2 emission, domestic credit reduces it (Khan, Teng, and Khan, 2020). Employing same technique in Chinese 30-provinces on data spanning 1997 -2016, Guo and Hu, 2020 established an inverse association between stock returns and CO2 emission.…”

Section: Theoretical Literaturementioning

confidence: 99%

Examining the link between carbon emission, carbon emission intensity and financial development in Nigeria. A Dynamic ARDL Simulation

Okere¹,

Ogbulu²,

Muoneke³

et al. 2021

Preprint

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The need for adequate and consistent policies to mitigate the continuous rise of carbon emission have motivated the energy economist in the past decades to actively involved and explore common economic agents that are driving the rising pattern in the environmental pollution. This study is positioned towards contributing to the on-going debates on this issue by exploring the impact of bank credit to the private sector on aggregate carbon emissions and carbon emission intensity in Nigeria over the period 1971– 2016 using dynamic ARDL simulations. Controlling for the influence of fossil energy intensity of consumption and economic globalization, the study found that bank credit to the private sector has a positive significant long-run increasing effect on aggregate CO2 emission and carbon emission intensity in the economy. Second, the estimated coefficients show that fossil energy intensity of consumption and economic globalization have a significant long-run and short-run increasing impact on aggregate CO2 emission and carbon emission intensity in the economy. In contrast, the population has a significant long-run and short-run reducing effect on aggregate CO2 emission and only the long run reducing effect on carbon emission intensity. Third, economic growth has significant short-run and increasing long-run effects on aggregate CO2 emission and a long run increasing effect on carbon emission intensity. In sum, the results show that the economy is yet to transient to renewable energy.

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The impact of macroeconomic and financial development on carbon dioxide emissions in Pakistan: evidence with a novel dynamic simulated ARDL approach

Cited by 113 publications

References 43 publications

Dominance of Fossil Fuels in Japan’s National Energy Mix and Implications for Environmental Sustainability

Dominance of Fossil Fuels in Japan’s National Energy Mix and Implications for Environmental Sustainability

Government-led urbanization and natural gas demand in China

Examining the link between carbon emission, carbon emission intensity and financial development in Nigeria. A Dynamic ARDL Simulation

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