The impacts of information and communication technology, energy consumption, financial development, and economic growth on carbon dioxide emissions in 12 Asian countries

Lu, Wen‐Cheng

doi:10.1007/s11027-018-9787-y

Cited by 239 publications

(123 citation statements)

References 48 publications

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“…Similarly, financial development in 12 Asian economies contributes to high emission rates of carbon dioxide in these countries. These results are confirmed in Lu (2018), using panel estimation techniques. They propose that these countries should use other energy sources to replace fossil fuels.…”

Section: Financial Development Leads To Higher Emission Ratessupporting

confidence: 62%

Transmission channels between financial development and CO2 emissions: A global perspective

Bui

2020

Heliyon

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This paper aims to investigate the direct and indirect effects of financial development on CO2 emissions, using a global sample of 100 countries from 1990-2012. Our main contribution to the literature lies in the identification and explanation of possible transmission channels that allow financial development to affect environmental quality. The paper employs 2SLS and 3SLS estimators to investigate these channels. Empirical results confirm the positive direct effect of financial development on environmental degradation. Development of the financial system also gives rise to more energy demand and consequently leads to more pollutant emissions. Besides, there is evidence about a trade-off between income inequality and environmental quality. Financial development can help redistribute income more effectively. However, high living standards will put pressure on environmental conservation. The paper also considers the nonlinear effects of financial development on carbon emission rates. Only a small proportion of the population receive the benefits at the early stages of financial development. After a certain amount of time, financial development benefits a more significant part of the population and reduces income inequality.

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Section: Financial Development Leads To Higher Emission Ratessupporting

confidence: 62%

Transmission channels between financial development and CO2 emissions: A global perspective

Bui

2020

Heliyon

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“…In contrast, the panel of developing nations from the overall world was also a part of this literature [15], while Ref. [16] verified EKC was part of the developing one belt one road initiative. This literature review showed that energy usage and economic upswing positively correlate with the ecological disorder [17].…”

Section: The Review Of Literaturementioning

confidence: 99%

Reassessing the Environmental Kuznets Curve in Relation to Energy Efficiency and Economic Growth

et al. 2020

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Energy consumption and its efficiency are significant factors for economic growth and environmental stress. This study postulates the occurrence of the Environmental Kuznets Curve hypothesis (EKC) by using the Autoregressive-Distributed Lag (ARDL) model. Furthermore, a data envelopment analysis (DEA) model is used to measure energy efficiency, energy intensity, and environment to view the trajectory of EKC for the underline economies. For this purpose, a panel dataset from 1990–2013 of 15 developing countries is analyzed to verify the objectives mentioned above. The results of the panel ARDL support EKC’s theory for underline economies, as GDP positively impacts carbon emissions, while the square of GDP is negatively related. The DEA-based results found relatively low environmental conditions in these emerging economies due to high energy intensity and low energy efficiency. This outcome suggests that renewable energy sources must be treated as an essential factor for achieving sustainable economic goals without environmental degradation.

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“…Although there is a clear theoretical link between financial development and CO 2 emissions, very few empirical studies have been conducted on the impact of financial development on carbon emissions in sub-Saharan African (SSA) countries. Most of the previous studies in developing countries have focused mainly in Asia and Latin America (see, for example, Bekhet et al, 2017;Cetin et al, 2018;Hao et al, 2016;Lu, 2018;Omri et al, 2015). Moreover, most of the previous studies on this subject have focused either on the causal linkage between financial development and CO 2 emissions or on the relationship between CO 2 emissions and energy consumption.…”

Section: Introductionmentioning

confidence: 99%

Financial development, income inequality and carbon emissions in sub-Saharan African countries: A panel data analysis

Odhiambo

2020

Energy Exploration & Exploitation

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This paper examines the dynamic relationship between financial development, income inequality and carbon dioxide (CO2) emissions in a step-wise fashion, using data from 39 sub-Saharan African (SSA) countries during the period 2004–2014. The study uses three income inequality indicators – the Gini coefficient, the Atkinson index and the Palma ratio – to examine these linkages. The study employs the generalised method of moments as the estimation technique. The empirical findings show that financial development unconditionally reduces CO2 emissions in SSA countries. The findings also show that there are threshold levels of income inequality that should not be exceeded in order for the negative impact of financial development on CO2 emissions to be sustained. Specifically, the study finds that the negative impact of financial development on CO2 emissions is likely to change to positive if the following inequality levels are exceeded: 0.591, 0.662 and 5.59, respectively, for the Gini coefficient, the Atkinson index and the Palma ratio. The findings of this study have far-reaching policy implications not only for SSA countries but also for developing countries as a whole. Policy implications are discussed.

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The impacts of information and communication technology, energy consumption, financial development, and economic growth on carbon dioxide emissions in 12 Asian countries

Cited by 239 publications

References 48 publications

Transmission channels between financial development and CO2 emissions: A global perspective

Transmission channels between financial development and CO2 emissions: A global perspective

Reassessing the Environmental Kuznets Curve in Relation to Energy Efficiency and Economic Growth

Financial development, income inequality and carbon emissions in sub-Saharan African countries: A panel data analysis

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