The nexus between financial development, globalization, and environmental degradation: Fresh evidence from Central and Eastern European Countries

Shujah-ur-Rahman,; Chen, Songsheng; Saud, Shah; Bano, Sadia; Haseeb, Abdul

doi:10.1007/s11356-019-05714-w

Cited by 78 publications

(22 citation statements)

References 80 publications

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“…Citizens (especially of developed countries) also put enormous pressure on their governments to protect the environment. These factors may account for the outcome of this study and it is highly consistent with a number of studies (see for example, Saud, Chen and Haseeb, 2020;Shujah-ur-Rahman, Chen, Saud, Bano and Haseeb, 2019;Zafar, Saud and Hou, 2019). However, this outcome negates Balsalobre-Lorente, Driha, Shahbaz and Sinha (2020), Le and Ozturk (2020), and Sabir and Gorus (2019).…”

Section: Estimation Resultssupporting

confidence: 90%

“…Globalization is the main independent variable in this study. Similar to recent studies (Shujah-ur-Rahman, Chen, Saud, Bano and Haseeb, 2019;Wang, Rasool, Asghar and Wang, 2019), we rely on the KOF indices in the dataset developed by Gygli, Haelg, Potrafke and Sturm (2019) for measures of overall, economic, social and political globalization. These indices are on a scale of 0-100, with 0 being the lowest and 100 being the highest.…”

Section: Datamentioning

confidence: 99%

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Investigating the environmental effect of globalization: Insights from selected industrialized countries

Aluko

Opoku

Ibrahim

2021

Journal of Environmental Management

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Section: Estimation Resultssupporting

confidence: 90%

Section: Datamentioning

confidence: 99%

Investigating the environmental effect of globalization: Insights from selected industrialized countries

Aluko

Opoku

Ibrahim

2021

Journal of Environmental Management

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“…In turn, other researchers have shown that renewable energy consumption increases as a result of economic growth, which is consistent with the conservation hypothesis [39,58,59]. Other findings support the feedback hypothesis, indicating that clean energy consumption and economic activity are interdependent and complement each other [40,60]. Finally, some studies have confirmed the neutrality hypothesis, which may result from the immaturity of the clean energy market [39,61,62] or indicate that the economy grows independently of the development of renewable energy.…”

Section: Review Of the Literaturesupporting

confidence: 62%

Impact of Clean Energy on CO2 Emissions and Economic Growth within the Phases of Renewables Diffusion in Selected European Countries

Piłatowska

Geise

2021

Energies

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This study explores the impact of clean energy and non-renewable energy consumption on CO2 emissions and economic growth within two phases (formative and expansion) of renewable energy diffusion for three selected countries (France, Spain, and Sweden). The vector autoregression (VAR) model is estimated on the basis of annual data disaggregated into quarterly data. The Granger causality results reveal distinctive differences in the causality patterns across countries and two phases of renewables diffusion. Clean energy consumption contributes to a decline of emissions more clearly in the expansion phase in France and Spain. However, this effect seems to be counteracted by the increases in emissions due to economic growth and non-renewable energy consumption. Therefore, clean energy consumption has not yet led to a decoupling of economic growth from emissions in France and Spain; in contrast, the findings for Sweden evidence such a decoupling due to the neutrality between economic growth and emissions. Generally, the findings show that despite the enormous growth of renewables and active mitigation policies, CO2 emissions have not substantially decreased in selected countries or globally. Focused and coordinated policy action, not only at the EU level but also globally, is urgently needed to overhaul existing fossil-fuel economies into low-carbon economies and ultimately meet the relevant climate targets.

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“…Khan and Ullah (2019) reported that economic, social, and political globalization increases CO 2 emissions in Pakistan. Rahman et al (2019) reported that globalization has a decreasing effect on CO 2 emissions in 16 CCE countries. Gormus and Aydin (2020) concluded that globalization reduces EF in Germany and Switzerland.…”

Section: Globalization Environmental Pollution Nexusmentioning

confidence: 99%

Renewable and non-renewable energy consumption, economic complexity, CO2 emissions, and ecological footprint in the USA: testing the EKC hypothesis with a structural break

Pata

2020

Environ Sci Pollut Res

358

116

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The economic complexity index, which indicates the level of knowledge and skills needed in the production of the exported goods, is a measure of economic development. Some researchers have investigated the validity of the environmental Kuznets curve (EKC) hypothesis by considering the effect of economic complexity on environmental pollution. This study, for the first time, examines the impact of economic complexity, globalization, and renewable and non-renewable energy consumption on both CO 2 emissions and ecological footprint within the framework of the EKC hypothesis in the USA. To this end, the combined cointegration test and three different estimators are utilized for the period from 1980 to 2016. The main finding of the study indicates that the inverted U-shaped EKC relationship between economic complexity and environmental pollution holds for the USA. In addition to this finding, globalization and renewable energy consumption play a dominant role in reducing environmental pollution, while non-renewable energy consumption contributing factor to environmental pressure. Overall, the outcomes indicate that increasing economic complexity helps to minimize environmental degradation after a threshold, and the US government can provide a better environment by using renewable energy sources and globalization.

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The nexus between financial development, globalization, and environmental degradation: Fresh evidence from Central and Eastern European Countries

Cited by 78 publications

References 80 publications

Investigating the environmental effect of globalization: Insights from selected industrialized countries

Investigating the environmental effect of globalization: Insights from selected industrialized countries

Impact of Clean Energy on CO2 Emissions and Economic Growth within the Phases of Renewables Diffusion in Selected European Countries

Renewable and non-renewable energy consumption, economic complexity, CO2 emissions, and ecological footprint in the USA: testing the EKC hypothesis with a structural break

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