The linkage between clean energy stocks and the fluctuations in oil price and financial stress in the US and Europe? Evidence from QARDL approach

He, Xiaojuan; Mishra, Shekhar; Aman, Ameenullah; Shahbaz, Muhammad; Razzaq, Asif; Sharif, Arshian

doi:10.1016/j.resourpol.2021.102021

Cited by 107 publications

(46 citation statements)

References 40 publications

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“…Finally, QARDL lets the cointegrating coefficients to modification over the innovation quantile originated from shocks (Hsu et al 2021;Shahbaz et al 2018). Additionally, the causal association between the study variables is checked with the help of the Granger causality technique while considering all three ranges of lower, medium, and higher-order quantiles (Ehsanullah et al 2021;He et al 2021;Umar et al 2021a, b).…”

Section: Introductionmentioning

confidence: 99%

The impact of natural resource rent, financial development, and urbanization on carbon emission

Huang

Sadiq

Chien

2021

Environ Sci Pollut Res

122

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There is a shred of evidence of environmental degradation in the form of carbon emissions to behave differently when tested with different macroeconomic variables. This paper aims to examine the long-run and short-run association between natural resource rent, financial development, and urbanization on carbon emission from the context of the USA during 1995-2015 with the help of a contemporary and innovative approach named quantile autoregressive distributed lagged model (QARDL). The stated approach is applied due to the fact that non-linearity is observed for the study variables. The findings indicated that the higher financial development (0.304), natural resource rent (0.102), and urbanization (0.489) have a positive impact on the environmental degradation in the region of USA during long-run estimation in the stated quantiles of the study. This would indicate that higher financial development, urbanization, and natural resources are putting more environmental pressure on the economy of the USA. Similarly, the findings under short-run estimation confirm that past and lagged values of carbon emission, financial development, natural resource rent, and urbanization are significantly determining the current values of the carbon emission. For this reason, it is suggested that the government requires some immediate steps of the USA to control the harmful effect of such financial development, more urbanization, and higher natural resource rent as well. This would indicate the reflection of some green strategies in all three explanatory variables to generate some fruitful environmental outcomes.

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Section: Introductionmentioning

confidence: 99%

The impact of natural resource rent, financial development, and urbanization on carbon emission

Huang

Sadiq

Chien

2021

Environ Sci Pollut Res

122

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“…The increase in material use impacts environmental quality in the form of climate change, natural resource depletion, increase air and water pollution, and biodiversity reduction. Besides, the increase in the use of natural resources raises the question of their eventual scarcity for the nations (Fernández-Herrero and Duro, 2019;He et al, 2021;. Amid these rising concerns, Sustainable development Goals (SDGs) instigate resource conservation that led global economies to take sequester measures for the sustainable use of natural resources (Razzaq et al 2021).…”

Section: Introductionmentioning

confidence: 99%

Investigating the asymmetric linkages between infrastructure development, green innovation, and consumption-based material footprint: Novel empirical estimations from highly resource-consuming economies

et al. 2021

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“…Over the previous years, EI and CO 2 emissions nexus are welldocumented in the literature. [26][27][28][29] EI predominantly shifts the economy to other viable and sustainable energy sources such as renewable energies. 30,31 Thus, eco-innovation in greener technology has a long-term capacity to improve environmental quality and is considered an important strategy to enhance long-run ecological quality.…”

Section: Introductionmentioning

confidence: 99%

Asymmetric impact of fiscal decentralization and environmental innovation on carbon emissions: Evidence from highly decentralized countries

Meng

Zhao

Malik

et al. 2021

Energy & Environment

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104

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This study examines the asymmetric link between fiscal decentralization, environmental innovation, and carbon emissions in highly decentralized countries. Our preliminary findings strictly reject the preposition of data normality and highlight that the observed relationship is quantile-dependent, which may disclose misleading results in previous studies using linear methodologies. Therefore, a novel empirical estimation technique popularized as Method of Moments Quantile Regression is employed that simultaneously deal with non-normality and structural changes. The results exhibit that fiscal decentralization significantly mitigates carbon emissions only at lower to medium emissions quantiles. On the other hand, environmental innovation reduces carbon emissions only at medium to higher emissions quantiles. Interestingly, the emissions-reducing effect of fiscal decentralization is highest for lower emissions quantiles and lowest for higher emissions quantiles. In contrast, the impact of environmental innovation is lowest for lower emissions quantiles and highest for higher emission quantiles. Economic growth and population increase carbon emissions, and their emissions-increasing effect are lowest for lower emissions quantiles and highest for higher emissions quantiles. Moreover, the heterogeneous panel causality test confirms a one-way causal association, implying that any policy intervention regarding fiscal decentralization and environmental innovation significantly affects carbon emissions.

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The linkage between clean energy stocks and the fluctuations in oil price and financial stress in the US and Europe? Evidence from QARDL approach

Cited by 107 publications

References 40 publications

The impact of natural resource rent, financial development, and urbanization on carbon emission

The impact of natural resource rent, financial development, and urbanization on carbon emission

Investigating the asymmetric linkages between infrastructure development, green innovation, and consumption-based material footprint: Novel empirical estimations from highly resource-consuming economies

Asymmetric impact of fiscal decentralization and environmental innovation on carbon emissions: Evidence from highly decentralized countries

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